VA Home Loans

VA home loan eligibility depends on your service history, duty status, and other VA requirements. Eligible borrowers may include veterans, active-duty service members, qualifying National Guard and Reserve members, and certain surviving spouses.

A Certificate of Eligibility (COE) confirms your eligibility for the VA home loan benefit. It does not by itself approve you for a mortgage. Your lender must also review your finances and the property.

Your loan advisor can explain the COE process and help identify the service documentation you may need.

VA purchase loans generally finance a home you intend to occupy as your primary residence. Eligible properties may include:

• A single-family home.
• A two- to four-unit property, if you occupy one of the units.
• A condominium in a VA-approved project.
• Certain manufactured homes or new-construction homes, subject to program and lender requirements.

The property must meet applicable VA appraisal and property standards. Financing availability varies by lender and property type, so discuss your plans with your loan advisor before making an offer.

For eligible borrowers, VA financing may offer:

• No down payment: Depending on your entitlement, the purchase price, appraised value, and lender requirements.
• No monthly mortgage insurance: VA loans do not require PMI or FHA-style monthly mortgage insurance.
• No prepayment penalty: You can pay off your loan early without a prepayment penalty.
• Competitive financing options: Compare rates, fees, and total costs for your circumstances.

No down payment does not necessarily mean no money due at closing. Closing costs and a VA funding fee may apply, although some borrowers qualify for a funding-fee exemption.

Start with the Get a Quick Quote form on this page to share your homebuying or refinancing plans. No credit pull is required to submit this initial inquiry.

A Pro Mortgage Funding loan advisor can discuss your options and explain the next steps, including your Certificate of Eligibility and any income, asset, or service documentation needed.

When you are ready to proceed, complete your full mortgage application through our secure application process. A quote inquiry is not a loan approval; a full application involves additional verification, including a credit review.

Yes. The VA home loan benefit can be used more than once, provided you meet the applicable requirements.

You may be able to restore entitlement after selling the previous property and paying off its VA loan. A one-time restoration may also be available after paying off the loan while keeping the property.

In some circumstances, remaining entitlement may support another VA loan before the previous loan is paid off. Your available entitlement, finances, and occupancy plans affect your options, and a down payment may be required. Your loan advisor can help you review the next steps.

VA loans offer valuable benefits, but there are costs and requirements to consider:

• Funding fee: A one-time VA funding fee may apply unless you qualify for an exemption. Financing the fee increases your loan balance.
• Primary-residence requirements: VA purchase loans generally are not intended for vacation homes or properties used solely as investments.
• Property requirements: The home must meet applicable VA appraisal and property standards.
• Closing costs: You may still need funds for closing costs, prepaid expenses, or a down payment in some circumstances.

Compare your VA option with conventional or FHA financing based on your eligibility, upfront costs, monthly payment, and long-term plans. Pro Mortgage Funding can help you understand those differences.