VA Loans
VA loans for veterans and service members
VA loans are guaranteed by the U.S. Department of Veterans Affairs. Eligible borrowers can buy with no down payment and pay no monthly mortgage insurance.
Key facts
- Available in
- New York, New Jersey, Florida, Pennsylvania
- Down payment
- None required for eligible borrowers
- Mortgage insurance
- None monthly
- Funding fee
- One-time fee; waived for many disabled veterans
- Property types
- 1-4 family owner-occupied, VA-approved condos
Who it's for
- Veterans and active-duty service members
- Eligible surviving spouses
- National Guard and Reserve members who meet service requirements
- Veterans buying a 2-4 family to live in
The VA funding fee can be financed into the loan, and veterans receiving service-connected disability compensation are generally exempt from it.
We help you pull your Certificate of Eligibility and check whether the condo building is VA-approved before you write an offer.
Questions
Is there a VA loan limit?
Borrowers with full entitlement have no VA loan limit, though lenders still set their own maximums.
Can I use a VA loan more than once?
Yes. Entitlement can be restored after a VA loan is paid off, and partial entitlement may be available while one is still open.
Can I buy a multi-family with VA?
Yes, up to four units, as long as you live in one of them.
Questions about VA Loans?
A licensed loan officer will walk you through the numbers, usually the same day.