Purchase
VA loan
A home loan benefit for eligible veterans, service members and some surviving spouses, often with no down payment and no monthly mortgage insurance.
Typical down payment
0% (eligible borrowers)
Typical credit guidance
620+ (typical lender guideline)
Ideal for
Eligible veterans, active-duty service members, and qualifying surviving spouses buying a primary home.
Key benefits
No down payment required for eligible borrowers with full entitlement
No monthly mortgage insurance
Limits on certain closing costs charged to veterans
Can be used more than once
Requirements
A Certificate of Eligibility (COE), which we can help you request
The home must be your primary residence
A one-time VA funding fee applies unless you are exempt
The property must meet VA minimum property requirements
Guidelines shown are typical examples and vary by lender, program and borrower. They are not a commitment to lend.
Frequently asked questions
Is there a VA loan limit?
Borrowers with full entitlement generally have no VA loan limit, but you still need to qualify for the payment. If you have a VA loan still in use, limits may apply.
Who is exempt from the VA funding fee?
Veterans receiving VA disability compensation and certain other borrowers are exempt. Your COE shows your funding fee status.
Talk it through with a loan officer
We’ll compare this program with your other options and show the numbers side by side.
Guidelines shown are typical examples for illustration. Requirements vary by lender, program and borrower. Not a commitment to lend.
What borrowers say
Marcus pulled my COE the same afternoon and explained the funding fee in plain English. Using my VA benefit was easier than I expected.
Tasha W.
VA loan
Sample review