Purchase Loans

VA Loans

VA loans are one of the most powerful homebuying benefits available to those who've served in the military. They're backed by the Department of Veterans Affairs and often allow eligible borrowers to buy a home with no down payment and no monthly mortgage insurance.

Nonedown payment required in most cases

Nonemonthly mortgage insurance

Veteransand active military eligible

Primaryresidence requirement

VA Loans Options

VA Purchase

Buy a home with no down payment in most eligible scenarios
No monthly mortgage insurance required
Sellers can contribute to closing costs

Great for

Eligible veterans and active-duty service members
Buyers who want to preserve cash at closing

VA Interest Rate Reduction Refinance (IRRRL)

A streamlined refinance for existing VA loan holders
Focused on lowering your rate or monthly payment
Typically requires less documentation than a full refinance

Great for

Current VA borrowers looking to reduce their rate
Homeowners who want a simpler refinance process

VA Cash-Out Refinance

Tap into your home's equity and receive cash at closing
Can refinance a non-VA loan into a VA loan
No monthly mortgage insurance on the new loan

Great for

Homeowners looking to consolidate debt or fund major expenses
Veterans with non-VA loans who want to switch to a VA product

VA Fixed and Adjustable Rate Options

Choose a fixed rate for long-term payment certainty
Adjustable rate options available for shorter hold plans
Rate structure can be matched to your timeline

Great for

Borrowers who want predictable payments
Veterans planning to sell or refinance within a few years

How VA Loans Work

VA loans are available to eligible veterans, active-duty service members, and surviving spouses.

No monthly mortgage insurance is required — a meaningful savings compared to other low-down-payment options.

A one-time VA funding fee typically applies at closing, though some borrowers are exempt.

VA Loans FAQ

Can I really buy a home with no down payment using a VA loan?

In most eligible scenarios, yes. VA loans are specifically designed to allow qualifying service members and veterans to purchase a home without a down payment.

Do VA loans require mortgage insurance?

No. Unlike FHA and conventional loans with small down payments, VA loans do not require monthly mortgage insurance. This can make a significant difference in your monthly payment.

How do I know if I'm eligible for a VA loan?

Eligibility is based on your service history. We can help you determine your eligibility and walk through the Certificate of Entitlement process when you're ready.