Do VA loans really require no down payment?

For most eligible borrowers, yes - VA loans allow 100% financing with no down payment, which is one of the benefit's biggest advantages.

What is the VA funding fee?

It's a one-time fee that helps sustain the program. It can be financed into the loan, and some veterans - such as those receiving service-connected disability compensation - are exempt.

Can I use my VA benefit more than once?

Yes. The VA loan benefit can typically be reused, and in some cases you can have more than one VA loan at a time. We'll help you understand your remaining entitlement.

VA Loans

VA loans: a benefit you've earned.

Backed by the Department of Veterans Affairs, the VA loan is one of the strongest mortgage benefits available.

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VA loans are available to eligible veterans, active-duty service members, National Guard and Reserve members, and certain surviving spouses. They're designed to reward service with a genuinely powerful path to homeownership.

With no required down payment and no monthly mortgage insurance, VA financing can make owning a home dramatically more affordable than many buyers expect.

Quick facts

Down payment: 0% for many buyers
Monthly MI: None
Funding fee: May apply unless exempt

Key advantages

No down payment for many eligible borrowers
No monthly mortgage insurance
Competitive interest rates
Flexible credit guidelines
Limited closing costs

What to keep in mind

VA eligibility (a Certificate of Eligibility) is required
A VA funding fee may apply unless you're exempt
The property must be your primary residence

Frequently asked questions

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Let's confirm your eligibility and put this hard-earned benefit to work for you.

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This information is for educational purposes only and is not a commitment to lend or a guarantee of approval. Program guidelines, rates, and eligibility vary by lender, location, and individual circumstances and are subject to change. Please consult a licensed mortgage professional for guidance specific to your situation.