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Frequently Asked Questions

What is a VA loan?
A VA loan is a mortgage program backed by the Department of Veterans Affairs, designed to help eligible veterans, active-duty service members, and some surviving spouses buy or refinance homes with favorable terms.

Who is eligible for a VA loan?
Eligibility typically depends on service history — including length of service, duty status, and discharge conditions. Active-duty, veterans, National Guard/Reserve members, and certain surviving spouses may qualify.

1. Do I need to be a first-time homebuyer to use a VA loan?
   No — you can use your VA loan benefit multiple times, as long as you have remaining entitlement or restore it after selling or paying off a previous VA-financed property.

Do VA loans require a down payment?
Usually not. Most VA loans offer zero down payment options (subject to lender approval and property value).

Is mortgage insurance required for a VA loan?
No — VA loans do not require private mortgage insurance (PMI), which is a major cost advantage over conventional loans.

4. What credit score do I need for a VA loan?
   The VA doesn’t set a minimum score, but most lenders look for a credit score of around 620 or higher.

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