The Department of Veterans Affairs (VA) Home Loan program guarantees loans made to eligible Veterans, Servicemembers, Reservists, National Guard members and certain surviving spouses.
VA guarantees a percentage of the loan. This helps the Veteran obtain a no-down payment mortgage, at a competitive interest rate, that does not require private mortgage insurance.
VA-guaranteed loans may also be refinanced. Go to Home Loan Interest Rate Reduction Refinancing to see the program requirements.
General Program Requirements
Persons who may qualify for VA-guaranteed loans include:
- Reserve and National Guard members (called to active duty)
- Active duty Servicemembers
- Current Reserve and Guard members (usually after six years of reserve service)
- Certain surviving spouses
To be eligible, the Veteran/Servicemember must have been discharged under conditions other than dishonorable and meet the length of service requirements.
As a requirement for a VA home loan, the Veteran, the Veterans' spouse, or dependent child must certify occupancy for the property.
Loan TermsMarket Interest Rate, VA funding fee and no pre-payment penalties. Maximum loan term cannot exceed 30 years. No maximum loan amount.
Your Next StepsThe following information will lead you to the next steps to apply for this program.
To apply, you will need a valid Certificate of Eligibility (COE). There are several ways to obtain your COE:
- You may be able to obtain a COE online through eBenefits.
- If you are unable to obtain your COE through eBenefits, check with your lender. In most cases, your lender will be able to obtain a COE for you using the Automated Certificate of Eligibility (ACE) program.
For more information on this program, please visit the Home Loans website.
Program Contact Information
If you have questions:
To apply for additional benefits and view your benefit status, open an eBenefits Premium account. eBenefits is a one-stop source for information on VA benefits and services. With a free Premium level eBenefits account, Veterans, Servicemembers and their family members can conduct self-service transactions such as checking claim status information, GI Bill enrollment, and obtaining copies of civil service preference letters, DD Form 214, and other personal information. For further information and to register for a free Premium level account, visit the eBenefits website.