VA-backed loan information
Learn about benefit eligibility, the Certificate of Eligibility, the funding fee, and lender review.
Discuss VA-backed loan options
Understand VA-backed financing
About VA Loans
A VA-backed loan is made by a private lender and guaranteed in part by the U.S. Department of Veterans Affairs. A Certificate of Eligibility confirms available benefit eligibility.
The VA program generally does not require monthly mortgage insurance and can permit financing without a down payment when all applicable requirements are met.
The lender must still review credit, income, assets, property, occupancy, entitlement, and all other program requirements.
What to review
Discuss these items with a licensed mortgage professional:
- The Certificate of Eligibility and available entitlement
- The funding fee and any applicable exemption
- Property, occupancy, credit, income, and documentation requirements
- The complete monthly payment and closing costs
Important VA-backed loan considerations
A VA-backed loan can offer no required down payment and no monthly mortgage insurance when the transaction meets VA and lender requirements. The funding fee and other loan costs must also be reviewed.
View verified contact details Certificate of
Eligibility
Funding fee and
exemptions
Complete lender
review
Discuss VA-backed loan options
A licensed mortgage professional can review the benefit, property, and loan requirements for your complete scenario.
View contact optionsThis page provides general information only. It is not a loan approval, commitment, eligibility decision, or rate quote. Program, lender, property, credit, and documentation requirements can vary.