VA Loan

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 mortgage lender that participtes in the VA home loan program with a Certificate of Eligibility from 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.

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