The VA (Veterans Administration) Loan provides veterans, reservists, and active military members with a federally guaranteed home loan, which requires no down payment. This program was designed to provide housing and assistance for veterans, reservists, active military, and their families.

Overview:

 

• No down payment requirements

 

• Flexible income, debt, and credit requirements

 

• Down payment and closing costs may be funded by a gift, grant or secured loan

 

• Available to qualified veterans, reservists, and active-duty service members

 

• Limited closing costs and no private mortgage insurance (PMI) required