VA Loans
Zero down payment mortgages for veterans, active-duty service members, and eligible spouses. No PMI, competitive rates, and flexible credit guidelines.
VA Loan Guidelines
Loan Parameters
- Min Loan AmountNo minimum
- Max Loan AmountNo limit (with full entitlement)
- Loan Terms15 or 30 year fixed
- ARM OptionsLimited, primarily fixed-rate
- Max LTV100%
- Cash-Out Refi LTV90%
Borrower Requirements
- Min Credit Score620 (flexible)
- Down Payment0% (for eligible veterans)
- Debt-to-Income RatioUp to 50%
- Certificate of EligibilityRequired
- Funding FeeWaived for disabled veterans
Property Requirements
- Property TypesSFR, Condo, Townhome, 2-4 Unit
- OccupancyPrimary residence only
- Appraisal RequiredYes (VA-specific appraisal)
- No PMIYes (even with 0% down)
Why Choose a VA Loan?
Zero Down Payment
Buy a home with $0 down – one of the last remaining no-down-payment options.
No PMI
Unlike conventional loans, VA loans have no private mortgage insurance requirement.
Competitive Rates
VA loans typically offer lower interest rates than conventional mortgages.
Flexible Credit
More forgiving credit requirements than conventional loans.