What Is a VA Loan? VA loans are mortgage loans guaranteed by the U.S. Department of Veterans Affairs. You can use a VA loan to buy, build, repair or refinance a home — often without a down payment.

VA loans can be used to buy a new home, refinance a home, or improve an existing home. Here’s how VA loans work, pros and cons to consider, and what the requirements are. What is a VA loan?

Let’s say the borrower is a veteran and wants a zero down VA home loan and is buying a first home. The funding fee for this transaction on a $200,000 sales price is 2.15 percent of that amount ...

For 2024, the limit in most counties is $766,550. In more expensive areas, that limit can go up to $1,149,825. Lastly, you can only use a VA loan with a primary residence; investment properties ...

VA rehab loans work similarly to a regular VA loan, but with a few more steps: Find a contractor: To receive approval for a VA loan, you’ll need a VA-approved contractor.

A VA loan or mortgage refinance is a home loan product backed by the Department of Veterans Affairs (VA). It lets you swap your current loan for a new one, but with different terms.

Although VA home loans are fairly uncomplicated loans to navigate as a first-time home buyer, there can be many unfamiliar terms and phrases that can make the process a bit overwhelming. One of ...

How does a VA home loan work? He says he was pleasantly surprised by the process. “They (Veterans United) said, 'Here's your realtor, this is your preapproved amount.' ...

A U.S. Department of Veterans Affairs (VA) construction loan can be a good option to help provide the financing you need to build the home you want, including the land it sits on. This home loan ...

With a VA renovation loan, you can purchase a home in need of TLC — and finance the repairs and updates it needs. You can also use these loans to improve your existing home, as long as it’s ...

VA IRRRL. VA cash-out refinance. Primary Purpose. To secure a lower interest rate or switch from an ARM to a fixed-rate mortgage. To tap into your home equity and convert it into cash ...