VA Loan Guide

VA loans are available to eligible Veterans, active-duty service members, National Guard/Reserve members, and some surviving spouses. Eligibility is confirmed with a Certificate of Eligibility (COE), and you’ll also need to meet lender credit, income, and occupancy requirements.

A COE is a document that shows you’re eligible for VA home loan benefits based on your service history. Most lenders can help request it, or you can get it through VA.gov.

In many cases, VA loans do not require a down payment, which is one of the biggest benefits of the program (if you qualify). Some buyers still choose to put money down to lower the payment.

No. VA loans do not require monthly private mortgage insurance (PMI), which can lower your monthly payment compared to other loan types.

The VA doesn’t set one single minimum score, but lenders typically have their own requirements. Many lenders look for around a 620 score, depending on the overall profile.

The VA funding fee is a one-time fee that helps keep the VA loan program running. The amount depends on the loan type, your down payment, and whether it’s your first time using the benefit. Some borrowers may be exempt.

Yes. Many borrowers can use their VA benefit multiple times, as long as they have enough remaining entitlement (shown on your COE).

Yes. VA loans are intended for a primary residence, meaning you generally must plan to live in the home. (There are some flexible scenarios over time, but occupancy matters upfront.)

Yes. condos can qualify, but the condo project typically needs to meet VA requirements/approval. A quick eligibility review can confirm what’s possible.

Yes. there are VA refinance options like the IRRRL (VA Streamline Refinance) and VA Cash-Out Refinance, depending on your goals and loan situation.