VA Loan
Direct definition
A mortgage guaranteed by the U.S. Department of Veterans Affairs for eligible service members, veterans, and surviving spouses.
Written by the Vabasso Mortgage Editorial Team · Reviewed against agency and federal sources · Read our editorial policy for how we research and review mortgage content
Plain-English explanation
VA loans offer $0 down, no monthly mortgage insurance, and competitive rates. A one-time funding fee applies (and can be financed) unless waived.
Why it matters
The VA benefit is one of the most powerful mortgage programs in the U.S.
Where you may see it
- Certificate of Eligibility
- Loan Estimate
- Closing Disclosure
A real-world example
Educational and illustrative only
A common misunderstanding
A VA loan isn't issued directly by the VA in most cases — it's originated by private lenders and guaranteed by the Department of Veterans Affairs.
Frequently asked
How many times can I use my VA loan benefit?+
You can use it multiple times as long as you have remaining or restored entitlement.
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- Author
- Vabasso Mortgage Editorial Team
- Reviewed by
- Vabasso Mortgage Licensed Advisory Team
- Last reviewed
- July 30, 2026