Loan Programs · VA Loan
No Down Payment for Military Families
Active-duty service members, veterans, and some spouses can buy with $0 down and no mortgage insurance.
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, built specifically for those who've served. The two biggest advantages: most eligible borrowers can buy with $0 down, and there's no monthly private mortgage insurance (PMI), which is required on most low-down-payment conventional loans.
Eligibility generally comes down to your length and type of service. Active-duty service members, veterans, National Guard and Reserve members, and some surviving spouses may qualify. You'll need a Certificate of Eligibility (COE), which we can help you pull.
VA loans do have their own guidelines around credit, income, and the property itself (it has to meet certain safety and livability standards), and there's typically a one-time VA funding fee, though it's often waived for veterans with a service-connected disability.
Curious what a va loan would actually cost you? Run the numbers, no commitment. Or see why shopping it through a broker beats walking into one bank.
Still deciding between programs?
General information, not a commitment to lend. Rates, terms, and eligibility vary by lender and are subject to underwriting guidelines. Equal Housing Lender, NMLS #2354674.
How VA compares
Side by side with the other programs most buyers choose between.
| Compare | VA | FHA | Conventional | USDA |
|---|---|---|---|---|
| Minimum down payment | $0 | 3.5% | As low as 3% | $0 |
| Monthly mortgage insurance | None | Yes (MIP) | Until you reach 20% equity (PMI) | Annual guarantee fee, lower than PMI |
| Credit flexibility | Flexible | Most flexible | Solid credit gets the best terms | Flexible |
| Where the home can be | Anywhere | Anywhere | Anywhere | Eligible rural and suburban areas |
| Built for | Veterans, active duty, some spouses | First-time buyers, lower scores | Buyers with good credit and some savings | Buyers outside big city limits |
General program guidelines only. Your actual terms depend on the lender, your credit, and the property. Not a commitment to lend.
Common questions
Do I have to be currently serving to qualify?
No. Veterans, active-duty service members, National Guard and Reserve members, and some surviving spouses can all be eligible, depending on length and type of service.
Is there really no down payment?
For most eligible borrowers, yes, VA loans allow $0 down. Your specific loan amount and entitlement can affect this, which is something we'd walk through together.
Popular with everyday buyers
Other programs in the same lane. All 23 →
Ready when you are
Think VA might be your fit?
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NMLS #2354674 · Equal Housing Opportunity · Not a commitment to lend