VA

A VA loan is a mortgage offered through the U.S. Department of Veterans Affairs (VA). VA loans, veterans, their surviving spouses and service members can purchase with little to zero down payment, no private mortgage insurance (PMI) and get a competitive market interest rate.

Program Highlights

A VA loan is a mortgage offered through a U.S. Department of Veterans Affairs program.
VA loans are available to active and veteran service personnel and their surviving spouses, which are backed by the federal government but issued through private banks.

VA loans have generous terms, such as no down payment, no mortgage insurance, and no prepayment penalties.