VA Loans

VA Loans


A VA loan is a mortgage loan guaranteed by the Veterans Administration. It was created in 1944 and signed into law by President Franklin D. Roosevelt. A VA loan provides veterans and/or their surviving spouses who have not remarried, with a federally guaranteed home with zero down payment. The program has been highly successful and has helped millions of American veterans and their families acquire a home.



    • No down payment
    • VA does not require private MIP
    • Limit on the amount of origination fees and closing costs that the lender can charge
    • Limit also placed on appraisal fees



  • Borrower with eligibility remaining must have a Certificate of Eligibility from the VA
  • Closing costs can be paid by the lender and the seller.
  • Borrowers are required to make a one-time funding fee based on loan amount and applicant’s service length.