VA home loans
Buy, build or refinance a home — usually with no down payment.
VA-backed home loans are made by private lenders and guaranteed by VA. The VA program doesn't require a down payment or monthly mortgage insurance.
Most borrowers pay a one-time VA funding fee. Some borrowers are exempt from the fee — check VA's funding fee page to see if you qualify.
Key facts and current amounts
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VA funding fee, first-use purchase, less than 5% down Verified
2.15%
What the official source says
“First use Less than 5% 2.15%”
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VA funding fee, after first use, less than 5% down Verified
3.3%
What the official source says
“After first use Less than 5% 3.3%”
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VA funding fee, IRRRL refinance Verified
0.5%
What the official source says
“Interest rate reduction refinancing loans (IRRRL) 0.5%”
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Down payment / mortgage insurance Verified
No down payment or monthly mortgage insurance required by the VA program
What the official source says
“the VA home loan program doesn’t require down payments or monthly mortgage insurance”
How to get it
- Get your COERequest your Certificate of Eligibility (COE) on VA.gov or through your lender.
- Choose a lenderCompare offers from several VA-approved lenders.
- CloseReview your funding fee and closing costs before you sign.
Official links
Help in your state
Your state veterans agency can help you apply for federal benefits for free and tell you about state-only benefits.