About VA Loans
VA loans are government-backed mortgages for veterans, active-duty service members, and eligible surviving spouses. They offer competitive rates and often require no down payment.
VA Loan Tips
- No Down Payment: VA loans often require no down payment
- Funding Fee: One-time fee that can be financed into the loan
- Eligibility: Requires Certificate of Eligibility (COE)
- PMI: No private mortgage insurance required
- Rates: Typically lower than conventional loans
- Refinancing: VA IRRRL program for existing VA loans