VA Loans

The VA Loan program was designed to help Service members, Veterans, and eligible surviving spouses become homeowners. As part of VA's mission to serve, VA provide a home loan guaranty benefit and other housing-related programs to help buy, build, repair, retain, or adapt a home for your own personal occupancy.

VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

The VA program was created by the original G.I. Bill (Servicemen’s Readjustment Act of 1944). The VA-Guaranteed Home Loan program has helped generations of Veterans, Service members, and their families enjoy the dream of home ownership and the opportunity to retain their homes in times of temporary financial hardship.

The VA home loan guaranty is an agreement that VA will reimburse a lender (such as banks, credit unions, mortgage companies, etc.) in the event of loss due to foreclosure. This guaranty takes the place of the borrower's down payment.

Active-duty service members and Veterans with discharges other than dishonorable, National Guard and Reserve service members and Veterans with an honorable discharge, certain eligible spouses, and other uniformed service personnel may be eligible for VA home loan guaranty benefits.

Some General information regarding VA home loan:

• Verify your VA Home Loan eligibility (or if you meet the criteria for surviving spouse eligibility)

• Learn about the basics of home-buying before you shop around

• Apply for your VA home loan Certificate of Eligibility (or apply through your lender)

• Know the additional loan options for VA home loans

• Gather the required documents to provide to your lender

• Learn about the VA appraisal and ‘VA Escape Clause

• Some things to know after you close on your loan