VA Home Loan Guaranty
Purchase a home with no down payment, no PMI, and competitive rates. One of the most powerful financial benefits available.
Who qualifies: Veterans, Active duty, National Guard, Veterans with a service-connected disability.
The VA Home Loan Guaranty is a guarantee from the VA to lenders, enabling veterans to get favorable mortgage terms:
• No down payment required (up to conforming loan limits)
• No private mortgage insurance (PMI) required – saves hundreds per month
• Competitive interest rates (typically below market)
• Limited closing costs
• No prepayment penalty
• Can be reused multiple times
Loan types:
• Purchase loans
• Cash-out refinance (access home equity)
• IRRRL (streamline refinance – no appraisal required)
• Native American Direct Loan (NADL)
Eligibility based on length and type of service. Get your Certificate of Eligibility (COE) at VA.gov.