VA loans are one of the strongest benefits available to veterans, active-duty service members and eligible surviving spouses. Buy with no down payment and competitive rates.
A VA-backed loan helps eligible veterans, service members and surviving spouses buy or refinance a primary home. Private lenders provide the financing, and the U.S. Department of Veterans Affairs guarantees part of the loan. Fidelity Funding can help you understand eligibility and compare your options.
Eligible borrowers can buy a home without a down payment, subject to entitlement, appraisal and lender approval.
Because the VA guarantees part of the loan, lenders can offer rates that compare well with other loan types.
Review your rate, fees and estimated payment with a loan officer.
You may be able to reuse your benefit with remaining or restored entitlement.
Funding-fee exemptions are available to eligible borrowers.
Choose a topic to jump to the details.
Eligibility is based on your service history. Veterans, active-duty service members, National Guard and Reserve members who meet service requirements, and certain surviving spouses can qualify.
You will need a Certificate of Eligibility (COE). We can request it for you in most cases.
Back to topicsMost VA borrowers pay a one-time funding fee that helps keep the program running. The fee depends on the type of loan, your down payment and whether you have used your benefit before. It can be added to the loan or paid at closing.
Veterans receiving VA compensation for a service-connected disability, and certain surviving spouses and Purple Heart recipients, are typically exempt.
Back to topicsVA Streamline Refinance (IRRRL): If you already have a VA loan, an Interest Rate Reduction Refinance Loan can lower your rate or move you from an adjustable to a fixed rate, with limited paperwork and often no appraisal. It must leave you better off, and you need to confirm that you live in the home now or did in the past.
VA cash-out refinance: A separate option that replaces your current mortgage, VA or not, with a new VA loan so you can turn some of your home equity into cash. It is a full refinance, so it includes a new appraisal and review.
Back to topicsFor a purchase, the home must be your primary residence and meet the VA's minimum property requirements for safety and soundness. A VA appraiser will confirm value and condition.
Back to topicsYour VA benefit is reusable. If you have full entitlement there is no VA loan limit, so you can buy with no down payment as long as you qualify for the payment. If part of your entitlement is tied up in another VA loan, a down payment may be needed on a larger purchase.
Entitlement can be restored when you sell the home and pay off the loan, and in some cases a one-time restoration is available if you pay off the loan but keep the home.
Back to topicsTell us about your goals. A loan officer will confirm whether this program is the right fit.
We fill out the application with you and send a secure list of documents to upload.
We handle appraisal, underwriting and title, keeping you updated by phone, text or email.
Every file is different. Your loan officer will send an exact list.
Have a question that is not answered here? Ask a loan officer.
Yes. You can use the benefit again after selling or paying off a previous VA loan, and in some cases you can have two VA loans at once.
Borrowers with full entitlement have no VA loan limit, although lenders still need you to qualify for the payment.
Yes. You can buy a property with up to four units if you live in one of them.
No. VA loans are for a home you will live in, though you can buy a 2 to 4 unit property if you occupy one unit.
No. Only the eligible veteran or service member needs to be on the loan, although a spouse's income can help you qualify if they are included.
Talk to a loan officer
Tell us a little about your plans. A licensed loan officer will call you, usually the same business day.
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