VA Home Loans
Get a low-cost home loan for veterans
Thank You for Serving
Available to service members, veterans and some spouses.
Get 100% Financing
Your VA loanD may cover up to 100% of the home price.
Choose Your Terms
Select from a variety of VA mortgage term options.
Qualify for a VA home loan
Create an account in our online application platform. Here's what you'll need to apply for a Veterans Affairs home loan.
Get guidance through the homebuying process. We're here to help.
Let us help you down the path to homeownership
Meeting the needs of those who we serve
People often ask us
A VA home loan is a special type of mortgage backed by the US Department of Veterans Affairs, or VA. It's designed to help service members and veterans purchase a primary residence, offering several unique benefits that make homeownership more attainable and affordable for those who qualify.
VA home loans can offer a number of advantages compared to conventional mortgage loans. Depending on the lender, there may be no down payment required. There's also no private mortgage insurance, or PMI, requirement for VA loans. Typically, these loans offer great interest rates and limited closing costs, saving borrowers thousands of dollars over the life of the loan.
To qualify for a VA home loan, you'll need to work with your lender to get a Certificate of Eligibility, or COE. Typically, this means you or your spouse meet one of the following eligibility requirements:
- Active service for 90 consecutive days during a wartime period
- Active service for 181 consecutive days during a peacetime period
- 6 years of service in the Army Reserve or National Guard
- Your spouse was a service member who passed away in the line of duty or due to a service-related disability
You may also need to satisfy a lender's income, debt and credit requirements to qualify for a VA home loan.
No. Although VA loans must be used to purchase a primary residence, this doesn't mean you have to be a first-time homebuyer. For example, if you've paid off your VA loan and sold the house, you can apply for another VA loan to purchase your next home.
Normal credit approval applies.
Not applicable in all states.
VA funding fee applies except as may be exempted by VA guidelines. The fee is higher with a zero down payment, and maximum loan limits vary by county. If a down payment of 5% or more is made, the fee is reduced. The VA funding fee is non-refundable. Ask for details about eligibility, documentation and other requirements.
Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.