VA Home Loans

What is a VA Home Loan?

The VA home loan is a special mortgage loan type that is available exclusively to active military members, veterans, and their surviving spouses. VA loans offer competitive interest rates and have no money down options, making homeownership an achievable reality for our nation’s heroes.

What will my payment be with a VA loan?

Calculate your potential new monthly mortgage payment below so you can make sure you have enough money left over each month for all your other expenses. Choose your rate and term—you might be surprised to see how affordable it is to own your home in less time than you thought. See how much interest you’ll pay over the life of the loan, and enter prepayment amounts to calculate their impact on your mortgage.

VA Home Loan FAQs

The Benefits of a VA Home Loan

No Down Payment

If you’re a veteran or active military than you qualify for a home loan with absolutely zero down payment.

Competitive Rates

Because VA Home Loans are insured by the Veterans Administration they carry lower interest rates than other loan programs.

No Mortgage Insurance

Unlike conventional and FHA loans, a VA loan does not require the borrower to pay a monthly mortgage insurance premium.

100% Cash Out

You can take out 100% of your equity to use for whatever you need when you refinance your VA loan.

An Earned Benefit

The VA Home Loan benefit.