VA Loans: The Affordable Home Loan for Military Families
In this guide, we’ll answer exactly what a VA loan is, who qualifies, and why it’s one of the best home financing options available for eligible military service members and veterans.
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What is a VA Loan?
- 0% down payment (in most cases)
- No monthly mortgage insurance (PMI)
- Competitive interest rates, often lower than FHA or Conventional
- Flexible credit and income guidelines
- The ability to finance closing costs and even some fees
- Available for primary residences only
Quick Answer
A VA loan is a zero-down payment mortgage option available to eligible veterans, active-duty service members, and surviving spouses. With no PMI and competitive rates, VA loans provide one of the most affordable paths to homeownership.
Why Consider a VA Loan?
Here's why eligible buyers choose VA loans:
0% Down Payment
A VA loan allows you to purchase your home without having to save for a down payment, preserving your savings for future needs.
No Private Mortgage Insurance
Unlike FHA or Conventional loans with less than 20% down, VA loans do not require mortgage insurance, lowering your monthly payment.
Competitive Interest Rates
Because the loan is backed by the VA, lenders can offer lower rates than many other loan types.
More Lenient Qualification
VA loans offer flexible credit and debt-to-income (DTI) guidelines, making homeownership accessible to more veterans and military families.
Low-to-No Closing Costs
The VA limits what closing costs a borrower can pay, protecting your out-of-pocket expenses at closing.
Pro Tip
If you're eligible for a VA loan, it’s almost always the best loan to consider due to the significant cost savings. Even if you have the cash for a down payment, VA loans are almost always more affordable than conventional options over the long term.
VA Loan Eligibility Requirements in 2025
Service Eligibility
Military veterans, servicemembers currently on active duty for at least 90 continuous days, or eligible spouses.
Credit Score
No minimum set by VA. Varies by lender.
Down Payment
0% with full VA entitlement
Debt-to-Income (DTI)
Typically 41%, but can be higher in certain circumstances
Property Types Allowed
Primary home
Compare VA Loans vs. Conventional Loans & FHA Loans
VA Loan
FHA Loan
Conventional Loan
Estimate your VA loan budget.
If you served in the military, you have access to the most affordable mortgage: a VA loan! Plug in your info below to estimate your budget.
Estimated Monthly Payment
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Required Down Payment
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Available Entitlement
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The UMortgage mortgage calculators are for estimation purposes only. This is not a commitment to lend. For an exact quote based on your individual financial circumstances, please contact us.
How to Apply for a VA Loan
Pre-Qualification
Answer a few questions online or with a UMortgage Loan Originator.
Get Custom Loan Options
We’ll review your VA eligibility, show you rates, and provide full payment and closing cost breakdowns.
Lock In Your Rate
When you see a competitive VA rate, you can lock it in—protecting your payment from market swings.
Underwriting and Closing
Submit documentation, verify VA entitlement, and close on your timeline.
Frequently Asked Questions about VA Loans
Answers to the most frequently asked questions we get from homebuyers about VA loans.
Here's Why UMortgage is Your Best Choice
Relationships, Not Transactions
We’re here for more than just your mortgage. We’ll stick with you beyond closing to help you gain financial freedom through homeownership.
Local & Nationwide Expertise
With licensed loan officers across the country and deep knowledge of your local market, we’ll help you buy with confidence anywhere you call home.
Fast, Transparent Closings
We communicate with you every step of the homebuying or refinance process so you can close quickly without any hidden fees or surprises.