The Department of Veterans Affairs insures VA (Veterans Affairs) loans for active and veteran members of the U.S. military. The agency backs private loans made by mortgage companies, so that the lender can offer better terms and greater flexibility on a mortgage. VA loans are available to active-duty members of the U.S. military, veterans, reserve and National Guard members, and in some cases even surviving spouses.

VA loans offer some of the best terms and benefits of the home mortgage industry, including:

  • In most cases, no down payment is required

  • mortgage rates are lower compared to standard loan options

  • The VA funding fee may be financed through the loan, and there are no mortgage insurance premiums

  • You can prepay the loan with no penalty

  • Buyers of homes still under construction are eligible for a warranty from the builder

  • In some cases of temporary financial difficulty, the VA offers assistance to borrowers in default

  • VA loans are “assumable,” meaning if you’re trying to sell your home, the buyer can take over the loan

Applying for a VA program is as easy but first you’ll need to show a Certificate of Eligibility from your local VA office to prove that you meet the requirements.

Refinance Your VA Loan

If you already have a VA loan, you’re still eligible to refinance and take advantage of low mortgage rates.


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EDUCASA is a National Home Buying Program and private organization and is not a government agency. EDUCASA is not a lender, has no corporate affiliation with the above preferred lenders and receives no compensation in connection with any mortgage loans.  Only Loan Officers that are EDUCASA Certified Program Specialist with our preferred lenders are eligible to participate in our preferred lender program.  EDUCASA does not sell leads or information and does not collect or store buyer's financial information.  EDUCASA direct Grants are funded by participating Realtor® Partners.  EDUCASA may also provide information on non-exclusive government grant and down payment assistance programs, where available.  Programs vary by state and all grant, down payment assistance and savings amounts are estimates.  You must be represented at closing by am EDUCASA Realtor® Partner to receive the Realtor® rebate portion of the EDUCASA grant.  Realtor® rebates are not available in AK, KS, LA, MS.  Benefits received may be affected by home price, for sale by owner properties (FSBO’s), new construction or other factors.  You must work with an EDUCASA preferred lender to receive additional benefits.