VA Loans: Serving Those Who Served
Eligible veterans and active-duty military can buy a home with 0% down payment, no private mortgage insurance, and competitive rates.
0% Down Payment
Buy a home with no money down. The VA loan is one of the only 0% down options available today.
No PMI
Unlike other low-down-payment loans, VA loans do not require Private Mortgage Insurance (PMI), saving you hundreds monthly.
Better Rates
VA loans typically offer lower interest rates compared to conventional and FHA mortgages.
Is a VA loan the best choice for veterans?
Yes. If you are an eligible veteran, active-duty service member, or surviving spouse, the VA loan is almost always the best mortgage product available on the market today.
Expert Interpretation
The VA loan is unique because it's guaranteed by the government, meaning lenders can offer 0% down and no monthly mortgage insurance (PMI) with incredibly low rates. The only 'catch' is the VA Funding Fee, but even this is completely waived if you have a 10% or higher service-connected disability rating.
Decision Matrix
Important Nuance
If you are buying an investment property that you do not intend to live in, you cannot use a VA loan. VA loans are strictly for primary residences.
| Scenario | VA Loan | Conventional |
|---|---|---|
| Min Down Payment | 0% | 3% - 5% |
| Monthly PMI | None | Required (if <20% down) |
| Interest Rates | Typically Lowest | Varies by Credit |
What is a VA Loan?
A VA loan is a $0-down mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs (VA). It is designed to help eligible veterans, active-duty service members, and surviving spouses buy, build, repair, retain, or adapt a home for their own personal occupancy.