What Is a VA Loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs. It’s designed to help eligible veterans, active-duty service members, and some surviving spouses buy or refinance a home with fewer barriers and better terms.
VA loans offer key benefits:
No down payment required (in most cases)
No private mortgage insurance (PMI)
Competitive interest rates
Easier qualification guidelines
Buyer is informed of the property’s reasonable value
Limited closing costs and additional protections for veterans
If you’ve served, this loan is one of the most powerful tools available to help you buy a home.