Veterans & Military
The VA Loan Guide
Benefits, eligibility basics, funding fee, and common misconceptions of the VA home loan program.
By Vabasso EditorialReviewed by Vabasso Mortgage Advisor PanelUpdated Jul 30, 20269 min read
Written by the Vabasso Editorial · Reviewed against agency and federal sources · Read our editorial policy for how we research and review mortgage content
Direct answer
The VA home loan program is a benefit for eligible service members, veterans, and certain surviving spouses. It typically offers competitive pricing, no down payment for eligible borrowers, and no monthly mortgage insurance.
Key takeaways
- Eligibility is documented with a Certificate of Eligibility (COE).
- The VA funding fee applies in most cases and may be financed.
- Occupancy requirements apply.
What makes VA distinctive
The combination of no down payment (for eligible borrowers), no monthly MI, and competitive pricing makes VA a strong option when eligibility applies.
Important limitations
- Mortgage guidelines, eligibility, loan limits, rates, fees, and program availability may change and can vary by lender, investor, property, occupancy, state, and borrower profile.
- This article is educational and does not constitute a commitment to lend, a rate quote, or personalized financial advice.
Frequently asked questions
- Can I use my VA benefit more than once?
- Yes, entitlement can often be restored or reused across multiple loans over time.
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