VA Home Loans
Veterans, active military and reservists may all qualify for a VA loan to purchase a house. No down payment, no mortgage insurance on your monthly payment, and a benefit you can use more than once.
VA Home Loans
Everything the programme does, grouped so you can find the part you care about. Anything here raise a question? That’s what the phone is for.Requires no money down. VA finances the full purchase price for eligible borrowers, with no deposit and no minimum contribution of your own funds.
No mortgage insurance is added to your payment. Every other zero or low down payment programme charges it. This is the single largest monthly saving VA delivers.
A one-time VA funding fee applies at closing and can be financed into the loan. Some borrowers — including many with a service-connected disability rating — are exempt.
The seller can pay a portion, or in some instances all, of the buyer's closing costs. Combined with no down payment, that is how VA buyers close with almost nothing out of pocket.
Veterans, active military and reservists may all qualify. Surviving spouses are eligible in many circumstances too — worth asking about rather than assuming.
Credit scores must meet the minimum VA Benefits Guidelines. Lenders set their own overlay on top, so a decline in one place does not mean a decline everywhere.
The loan can be in the veteran's name alone, or with a spouse. No other co-signers are allowed. A parent or sibling cannot be added to strengthen the file, which occasionally makes conventional the better route.
The maximum loan amount on this programme.
Limits are revised annually and run higher in some counties; full-entitlement borrowers may also exceed them. Confirm the current figure with us before making an offer.
Owner occupied only. VA cannot be used for a rental or a vacation home — it is for the property you will live in.
There is no limit to how many times you can use the benefit. You simply cannot take a new VA loan while you already have one outstanding. Sell or refinance the first, and the entitlement is restored.
Veterans, active military and reservists may all qualify for a VA loan to purchase a house.
If you served, start here rather than anywhere else. On almost every measure that matters — deposit, monthly cost, reusability — VA beats what the open market can offer you.
Unsurpassed service.
Apply online.
Start your application from your phone and finish it at your desk. Whether you're buying, refinancing or just exploring, we're here to help.
FrequentlyAsked Questions
No — and it's the single most common reason people delay buying. Conventional starts at 3% down, FHA at 3.5%, and VA and USDA can require nothing at all. The trade-off is mortgage insurance and a higher payment, which is worth weighing against several more years of saving.
It usually comes down to credit. FHA is more forgiving of past credit events and starts at 3.5% down, but its insurance typically stays for the life of the loan. Conventional needs stronger credit, starts at 3%, and its PMI cancels at 20% equity — which can be worth thousands over time.
USDA uses its own eligibility map and the boundaries surprise people — plenty of areas that feel suburban still qualify. There are also household income limits by county. Send us an address and we'll check both in a couple of minutes.
Often, yes. You'll use one loan program, but it can frequently be paired with assistance run by your state or county. These are consistently underused because buyers don't know they exist — ask us which ones you'd qualify for.
For the right situation it's a genuine option; for the wrong one it's expensive. The balance grows rather than shrinks, and it affects what's left to heirs. HUD counselling is required for good reason. We're glad to walk through it with your family present, and to compare it against downsizing or a HELOC first.