Who's eligible, what's different about VA loans, and how to get started.
Who's eligible
Many veterans, active-duty service members, National Guard and Reserve members, and some surviving spouses. Eligibility depends on your length and type of service. Your Certificate of Eligibility confirms it.
What's different
- Flexible down payment requirements.
- No monthly mortgage insurance.
- A one-time funding fee for most borrowers, with exemptions for many veterans with a service-connected disability.
- The benefit can usually be used more than once.
Things to know
VA loans are for a home you'll live in. The home gets a VA appraisal, which also looks at basic condition. David can help you request your Certificate of Eligibility and plan your timeline.
General information, not advice for your situation and not a loan offer. Programs and guidelines change; David can tell you what applies to you.