Question 1

Who is eligible for a VA loan?

Accepted Answer

Veterans, active-duty service members, National Guard and Reserve members (with qualifying service), and surviving spouses of veterans who died in service or from a service-connected disability. You'll need a Certificate of Eligibility (COE) — we can obtain this for you.

Question 2

Is there really no down payment required?

Accepted Answer

Correct. Eligible borrowers with full VA entitlement can purchase a home with zero down payment, regardless of the purchase price. This is one of the most significant financial benefits of VA service.

Question 3

What is the VA funding fee?

Accepted Answer

Most VA borrowers pay a one-time funding fee (typically 1.25–3.3% of the loan amount) instead of monthly PMI. This fee can be rolled into the loan. Veterans with a service-connected disability rating of 10% or more are exempt from the funding fee.

Question 4

Can I use my VA benefit more than once?

Accepted Answer

Yes. VA entitlement can be restored after a VA loan is paid off and the property is sold. You can also have two VA loans simultaneously in some circumstances. We'll review your entitlement status during pre-approval.

Question 5

What is a VA IRRRL (Streamline Refinance)?

Accepted Answer

The Interest Rate Reduction Refinance Loan (IRRRL) allows existing VA borrowers to refinance to a lower rate with minimal documentation and no appraisal in most cases. It's one of the fastest and easiest refinance options available.

VA Loans

Key Features & Benefits

Best For

May Not Be Ideal If

Your Path to Closing

Verify Eligibility

Get Pre-Approved

VA Appraisal & Underwriting

Close with Zero Down

Frequently Asked Questions

Also Consider

You've Earned This Benefit — Let's Use It