Who can qualify for a VA loan?

Woman with arms around man in military uniform

Zero money down.* Limited closing costs. No monthly mortgage insurance premiums. Borrower’s choice of a fixed-rate or adjustable-rate mortgage. Sounds nice, right? They’re all potential perks of financing your home with a VA loan, but you have to belong to a very particular subset of homebuyers in order to qualify for one. To assess your eligibility, see if any of the following criteria describes you.

☐ Active member of the military

☐ Military veteran

☐ Served in the Selected Reserves or National Guard for at least 6 years

☐ Unmarried spouse of a veteran who died on active duty, or as a result of a service-connected disability

If you can check any of the boxes above, you may be eligible for a VA loan. Other conditions may also apply, and of course you’ll need to supply proof of service.

VA stands for Veterans Affairs.

Created by the federal government as a way to assist members of the military with homeownership, a VA loan is guaranteed by the Department of Veterans Affairs—lowering risk for lenders and offering favorable terms to qualified buyers. Learn more at benefits.va.gov/homeloans.

For more on house-hunting as a military homebuyer, check out our Military Homebuyer Guide.

To speak with a loan offer about your home financing options, contact our affiliate, HomeAmerican Mortgage Corporation.

 *Earnest money deposit may be required.