VA Loans

VA frequently asked questions

• Who is eligible for a VA loan?

  Eligible active-duty service members, veterans, and some surviving spouses.

• Do I really not need a down payment?

  Correct—many VA loans offer 100% financing.

• Is mortgage insurance required?

  No—VA loans do not require monthly mortgage insurance.

• What is the VA funding fee?

  A one-time fee that helps keep the program running, often rolled into the loan.

• Can I use a VA loan more than once?

  Yes—VA benefits can be reused if eligibility requirements are met.