VA Loans

Loan terms: 15 & 30 Year Loans
Loan types: Purchase, Refinance
Interest Rate Types: Fixed, Adjustable
Property Type: Primary Residence


This is a Veterans Administration insured loan available to Veterans of the Armed Forces. It allows for 103% financing so a veteran can buy a home for no money down and finance the closing costs. The VA charges an up-front funding fee (which can be financed into the loan) that varies based on whether or not it is the borrower’s first time getting a VA mortgage. This program is a perfect option for a Veteran seeking the most affordable type of home financing.

  • Available to eligible veterans only
  • No down payment required
  • VA up-front funding fee, but no monthly MI
  • Allows for no cost, no qualifying “streamline” refinance
  • Subject to VA eligibility rules