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VA Loan

Affordable homeownership for veterans and military personnel

 

What is a VA loan?

VA loans help make homeownership more affordable for veterans and military personnel. They have competitive interest rates, no down payments for many veterans, low minimum credit score requirements, and no mortgage insurance, which make them a cost-effective option for veterans.

VA loans can help you buy a home, refinance a home, or get cash from your home’s equity to spend on renovations or education. They are backed by the Department of Veterans Affairs (VA)

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VA Home
Purchases

  • Veterans, active-duty personnel, and surviving spouses can qualify

  • Competitive interest rates

  • 0% down payments for many VA homebuyers

  • Minimum credit score as low as 550

  • No mortgage insurance

  • One-time funding fee for most veterans

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VA Refinances
"IRRRL"

  • Homes with existing VA loans can qualify for easier refinances

  • Competitive interest rates

  • Hassle-free process with less paperwork and faster closings

  • Easy credit score qualification

  • No mortgage insurance

  • Low one-time funding fee for most veterans

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VA Cash Out
Refinances

  • Get cash from the value of your home’s equity

  • Homes with existing VA loans and other mortgage types can qualify if you are eligible for a VA loan

  • Can finance up to 90% of home value

  • Minimum credit score as low as 550

  • No mortgage insurance

  • One-time funding fee for most veterans

How much can I afford?