Qualifying for a VA Loan

VA Loans

If you are a qualifying Veteran, you may get better rates than other mortgages with loanDepot’s VA loan program.* Let our loan officers help you determine your eligibility and get you started on the mission to building your personal wealth today!

$0 Down

No Max Loan Amount**

Competitive rates

Who is Eligible

for a VA Loan?

VA loans, guaranteed by the U.S. Department of Veterans Affairs (VA), are available only to U.S. military service people, veterans, some surviving military spouses and others who have served their country in specific ways.

How Does a

VA Loan Work?

The Department of Veterans Affairs (VA) does not lend money for VA loans, but does guarantee a portion of the loan made by private lenders such as banks and mortgage companies in case the borrower defaults on the mortgage. The VA essentially agrees to repay a portion of the loan to the bank if the borrower defaults or forecloses.

Benefits of a VA Loan

No Down Payment

VA loans have no down payment requirement, so homebuyers can finance up to 100 percent of the purchase price of their home, or in some cases even higher.

No PMI Requirement***

Unlike some FHA and conventional loans, VA loans do not require Private Mortgage Insurance (PMI).

Less Stringent Restrictions

Since many veterans have spent time overseas and may not have established credit, the VA reviews the entire loan profile holistically before making a determination.

Competitive Rates

Although VA loans are not offered directly through the Veterans Administration, they are partially guaranteed by the federal government, enabling us to offer very competitive terms and interest rates compared to other types of loans.

Lower Closing Costs

The VA limits the closing costs lenders can charge to VA loan applicants, which can make a VA loan more affordable than other types of loans. Money saved can be used for furniture, moving costs, home improvements or anything else.

Use More Than Once

If you are eligible for a VA loan, you can use your VA loan benefit multiple times, on subsequent homes or even when refinancing an existing VA loan.

loanDepot.com, LLC is not acting on behalf of or at the direction of the U.S. Dept. of Veterans Affairs, the U.S military or the federal government. 

*Subject to VA Eligibility, qualified veterans need to obtain a certificate of eligibility from the VA. Visit http://www.va.gov/housing-assistance/home-loans/eligibility to learn more about your eligibility requirements.

**Purchase transactions only. 

***VA loans require a VA funding fee that may be financed into the loan or paid out of pocket at closing. 

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Loans are subject to credit and property approval. Not all products available in all areas. Other limitations apply. Rates, terms and availability of programs are subject to change without notice.

State Licensing | Privacy and Security | Terms of Use | Accessibility

To view legal disclosures and important notices, please click the following:

Lifetime Guarantee

Where is the property located?

Location is used to determine rates and allows us to connect you with a loan officer in your area.