VA Home Loan Guarantee
A VA benefit allowing eligible veterans, active duty service members, and surviving spouses to purchase a home with no down payment, no private mortgage insurance (PMI), and competitive interest rates, backed by a VA guaranty to the lender.
Eligibility is established through a Certificate of Eligibility (COE), available via VA.gov or your lender.
No down payment required for loans up to the conforming loan limit in most counties.
VA Funding Fee: a one-time fee (1.4%-3.6% of loan amount) paid at closing -- waived entirely for veterans with a 10%+ service-connected disability rating.
The benefit can be used multiple times and for refinancing (IRRRL -- Interest Rate Reduction Refinance Loan).
→ Veterans with a service-connected disability are exempt from the funding fee -- saving thousands at closing.
Take the next step
Frequently asked questions about VA Home Loan Guarantee
What is VA Home Loan Guarantee?+
A VA benefit allowing eligible veterans, active duty service members, and surviving spouses to purchase a home with no down payment, no private mortgage insurance (PMI), and competitive interest rates, backed by a VA guaranty to the lender. Eligibility is established through a Certificate of Eligibility (COE), available via VA.gov or your lender.
Who qualifies for VA Home Loan Guarantee?+
VA Funding Fee: a one-time fee (1.4%-3.6% of loan amount) paid at closing -- waived entirely for veterans with a 10%+ service-connected disability rating.
How do I apply for VA Home Loan Guarantee?+
Apply at va.gov (search for the program by name) or work with a free accredited Veterans Service Officer (VSO) through your state VA office.
Where can I get help?+
Use BenefitKarma's free Benefit Eligibility Screener to see what VA benefits you may have missed, or talk with a free accredited Veterans Service Officer (VSO) through your state VA office.