VA Home Loans

US Department of Housing & Urban Development

About Home Loans

VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

Main pillars of the VA home loan benefit

  • No downpayment required
    (*Note:Lendersmayrequire downpayments for some borrowers using the VA home loan guaranty, butVA does not require a downpayment)
  • Competitivelylow interest rates
  • Limitedclosing costs
  • Noneed for Private Mortgage Insurance (PMI)
  • The VA home loan is alifetime benefit: you can use the guarantymultiple times