How this option works
VA-backed home loans are offered by private lenders and supported by the U.S. Department of Veterans Affairs. Eligible veterans, service members, and some surviving spouses may be able to use VA loan benefits, subject to eligibility and lender approval.
Who may want to explore it?
Eligible borrowers considering a home purchase or a VA refinance can review the available options and their individual costs.
Important details to consider
- A Certificate of Eligibility and lender underwriting are part of determining eligibility.
- A VA funding fee may apply unless an exemption applies; other closing costs may also apply.
- Down-payment requirements and loan terms depend on eligibility, lender guidelines, and the transaction.