Your Guide to VA Home Loans
A VA home loan (also known as a Department of Veterans Affairs home loan) is one of the most useful military benefits. If you qualify, you can buy or build a home, or refinance an existing home mortgage, with as little as $0 down, great rates and financing with no mandated cap. Another benefit over traditional mortgages is that there is no PMI (Private Mortgage Insurance, the monthly insurance fee charged to protect the bank until you reach at least 20% equity).
For most service members and veterans who qualify, a VA home loan is one of their most valuable benefits and a no-brainer over traditional mortgage types. This section offers an in-depth explanation of the VA loan process and instructions on how to submit an application.
A VA home loan makes home-buying more affordable for millions of veterans and active service members.