VA loans · $0 down for eligible veterans
VA-backed mortgages are designed to honor your service with no down payment for many eligible borrowers, no monthly mortgage insurance, and financing for eligible primary residences. Approval still depends on credit, income, entitlement, and property requirements.
VA loans are guaranteed by the U.S. Department of Veterans Affairs and offered by approved lenders. If you like to dig in first, the VA Loans Guide walks through eligibility, entitlement, funding fees, and how VA compares to other loan types.
NMLS #277954 • Success Mortgage Partners • VA loans are guaranteed by the U.S. Department of Veterans Affairs and offered by VA-approved lenders. Eligibility, entitlement, and credit requirements may vary.
Coaching insight
VA loans exist to open the door to homeownership for eligible veterans, active-duty service members, and certain surviving spouses . The program pairs strong benefits with guidelines that reflect the realities of military pay and moves.
Those who have served or are currently serving and meet VA service and eligibility requirements, looking to build stability through homeownership.
Eligible National Guard and Reserve members who meet minimum service thresholds and want to use their VA benefit.
Eligible surviving spouses of veterans who may qualify for VA home loan benefits under specific VA rules.
How it works
VA loans pair no-down-payment options with flexible credit and debt ratios. Instead of monthly mortgage insurance, most VA loans include a one-time funding fee that helps keep the program sustainable.
VA sets service eligibility and funding fee rules. Lenders apply VA underwriting requirements and may have additional credit and program guidelines. We’ll walk through how they apply to you before you make decisions.
Choosing your VA loan structure
Your repayment term determines how long the loan is scheduled to last. Your rate structure determines whether the interest rate stays fixed or can change. Compare the payment, total costs, timeline, and future payment risk. Options depend on lender and program availability and your qualifications.
Worth considering when your budget supports the higher payment and paying off the loan sooner is a priority.
Worth considering when you want consistent principal and interest with more room for reserves, savings, and other priorities.
Worth considering when the initial period fits your timeline and you can manage future payment changes. Availability depends on the lender and program.
An ARM’s initial fixed period is not its full repayment term. Taxes, homeowners insurance, and escrow adjustments can change the total payment with any option. Selling or refinancing before an adjustment is not guaranteed.
Property & occupancy
VA loans focus on homes you’ll live in as your primary residence. Within that, there is flexibility in the type of property and, in some cases, the number of units.
*IRRRL and other refinance options are available in certain situations. We’ll help you compare options if you already have a VA loan.
Cash to close
Even with $0 down, there are still closing costs to plan for. The good news: VA allows for a range of seller-paid costs and thoughtful ways to structure your cash to close.
VA limits seller concessions to 4% of the home’s reasonable value. Ordinary seller-paid loan closing costs are not included in that concession limit. Lender and investor requirements may also apply. We’ll structure your offer and loan so the numbers are clear and realistic.
Quick answers
A quick snapshot of the questions that come up most often when we talk about VA loans, $0 down options, entitlement, and how VA compares to other loan types.
In many cases, yes. Eligible VA buyers can purchase with $0 down when they have sufficient entitlement and the home appraises for at least the purchase price. Lender requirements also apply, and you’ll still have closing costs and prepaid expenses to plan for. $0 down does not necessarily mean $0 cash to close.
Eligibility is based on your military service history and duty status. That can include many veterans, active-duty service members, certain National Guard and Reserve members, and some surviving spouses. A Certificate of Eligibility (COE) confirms eligibility for the benefit; it is not a loan approval. You must also meet credit, income, occupancy, and property requirements. We’ll help you request or review your COE.
The VA funding fee is a one-time fee paid unless you qualify for an exemption. The rate depends on the loan type and, for purchase loans, your down payment and whether this is your first or subsequent use of the benefit. You can pay the fee at closing or finance it into the loan, which increases the balance and interest paid. Exemptions include qualifying service-connected disability compensation, certain surviving spouses receiving DIC, and eligible active-duty Purple Heart recipients, among other VA-defined circumstances. We’ll verify your funding fee status and applicable rate before closing.
In many cases, yes. Your VA benefit can often be reused when entitlement is available or restored, and in some situations you can even have more than one VA loan at a time with remaining entitlement. We’ll look at your COE and big-picture plans together.
VA loans often shine for eligible borrowers because of $0 down, no monthly PMI, and competitive rates. Conventional loans may offer more flexibility for second homes or investment properties. We’ll run the numbers side-by-side so you can see which path supports your budget and long-term plans.
Yes. If you already have a VA loan, an Interest Rate Reduction Refinance Loan (IRRRL) may help you lower your rate or payment with simplified documentation. Cash-out refinance options may also be available in some situations. We’ll walk through your goals, current loan details, eligibility, and closing costs. Refinancing and savings are not guaranteed.
Yes. VA-backed financing can include adjustable-rate and hybrid adjustable-rate mortgages, subject to lender and program availability. A hybrid ARM starts with a fixed rate for an initial period, then adjusts using an index plus a margin, subject to rate limits. Your principal-and-interest payment can change. We’ll compare the initial period, adjustment schedule, rate caps, and potential future payments with fixed-rate options. Choose a loan you can sustain even if selling or refinancing is unavailable.
I’ll help you translate your service into clear home loan options and compare VA side-by-side with other paths so you can choose what best supports your family, budget, and long-term plans. If you’d rather learn first, you can start with the VA Loans Guide for a deeper walkthrough.
VA home loans are guaranteed by the U.S. Department of Veterans Affairs and offered by VA-approved lenders. Programs, rates, and terms are subject to change without notice. Eligibility, entitlement, and underwriting requirements vary by VA rules, lender, and location. Not a commitment to lend. All loans subject to credit and collateral approval. All loans subject to approval. Equal Housing Lender.