National VA Loans

What is a VA home loan?

A VA home loan is a mortgage backed by the Department of Veterans Affairs and offered by approved lenders to eligible veterans, active duty service members, National Guard and Reserve members, and qualifying surviving spouses.

Can I buy a home with $0 down using a VA loan?

Many eligible borrowers with sufficient entitlement can buy with no down payment, subject to lender qualification, property approval, occupancy, appraisal, and underwriting.

Do VA loans require PMI?

No. VA loans do not require private mortgage insurance, which can reduce monthly costs compared with some conventional loans that use a smaller down payment.

Who is eligible for a VA loan?

Eligibility can include veterans, active duty service members, National Guard and Reserve members, and qualifying surviving spouses. Service requirements vary, and a Certificate of Eligibility helps confirm VA benefit eligibility.

Should I get pre-qualified before shopping?

Yes. Pre-qualification helps connect your target price to income, debts, credit, entitlement, cash-to-close, taxes, insurance, and local market assumptions before you write offers.

What is the VA funding fee?

The VA funding fee is a one-time program fee that varies by loan type, down payment, service category, and whether you have used the benefit before. Some borrowers, including many with service-connected disability compensation, may be exempt.

How long does the VA loan process take?

Many VA purchases close in a similar timeframe to other mortgage loans when documents, appraisal, title, and underwriting move smoothly. A personalized timeline depends on your property, contract, documentation, and market conditions.