VA Loan Benefit

VA Loan Benefit

The Veterans Administration (VA) home loan guaranty benefit helps you buy, build, repair, retain, or adapt a home. VA home loans are provided by private lenders such as banks and mortgage companies, with VA guaranteeing a portion of the loan. This gives the home buyer more favorable terms. Download a free VA Loan Guide today.

Who is Eligible for a VA Loan?

  • Veterans
  • Active Duty Personnel
  • Current or Former Reservists/National Guard members
  • Some surviving spouses

What are the Benefits of a VA Loan?

  • Purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance, which gives you more savings
  • Cash Out Refinance options allow you to take out cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements
  • If you have a service-related disability, you may qualify for waived funding fee, reducing closing costs
  • Borrowers can often refinance to a lower rate within the VA program without requalifying for the program
  • You can reuse the benefit

How Do I Get a VA Loan?

You can apply for a VA loan with any morgtage lender that participtes in the VA home loan program with a Certificate of Eligibility from the VA.

How Much of  a Loan Can I Get?

There are county limits that determine the VA's maximum guaranty amount for a loan. Generally, you can get a loan up to $417,000 with no money down and up to $1,094,000, in some high-cost places.

Important VA Home Loan InformationMore

Housing finance options and information

Are You Eligible for a VA Home Loan?

Being eligible for a VA home loan is based on your (or your spouse's) military service. Here are five common categories of those who normally qualify for a Certificate of Eligibility.

Discount Center

Home PurchaseMore

Housing finance options and information

VA Loan Financing and Mortgage Information

The VA Loan is available for number of different home loan options such as Fixed-Rate and Adjustable Rate loans. Here is a review of the basic types and their pros and cons.
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