VA Loans in New York

New York offers several veterans' property tax exemptions, and most communities in the state participate. The federal VA loan benefit is the same in every state: eligible buyers can buy with no down payment and competitive rates.

New York benefits for veterans

Property tax relief for veterans

The Alternative Veterans' Exemption reduces the assessed value of the primary residence of veterans who served during a designated time of war or received an expeditionary medal, with larger reductions for combat-zone service and for service-connected disabilities.

A Cold War Veterans' Exemption is available in communities that choose to offer it.

These exemptions can also be claimed by an unremarried surviving spouse or a Gold Star parent.

How to apply: File the application with the assessor in your city or town.

VA loan basics

The essentials that apply in New York and every other state.

VA Loan Requirements & EligibilityThe benefit is earned through service. You'll need a Certificate of Eligibility, a home you'll live in, and a loan that fits your budget.Read more VA Loan BenefitsBuy with no down payment and competitive rates, with no prepayment penalty and a benefit you can use again.Read more VA Loan Costs & FeesThe main VA-specific cost is a one-time funding fee. Many borrowers are exempt, and it can often be rolled into the loan.Read more Types of VA LoansUse the benefit to buy a home, lower the rate on a current VA loan, or turn home equity into cash.Read more

Read the full VA loan guide · Choose a different state

Talk to a loan officer

Questions about VA loans in New York?

A Fidelity loan officer can talk through your eligibility and options one-on-one.

This page is for informational purposes only and is not a commitment to lend or an offer of credit. Program availability, terms and eligibility vary and are subject to change. Fidelity Funding Bancorp is not affiliated with or endorsed by the U.S. Department of Veterans Affairs or any government agency. Chu & Associates, Inc. DBA Fidelity Funding Bancorp. NMLS ID# 1076900. All loans are subject to credit approval, underwriting guidelines and property eligibility. Not available in all states.