Buying a home with a VA loan is a great way for veterans and active-duty service members to achieve homeownership. VA loans are backed by the Department of Veterans Affairs and offer a number of advantages, including no down payment requirement, competitive interest rates, and closing costs that are often paid by the seller.
VA loans have been helping veterans buy homes since 1944, and they have helped millions of families achieve their dream of homeownership. VA loans are available to veterans, active-duty service members, and certain surviving spouses. To be eligible for a VA loan, you must have served on active duty for at least 90 days during wartime or 181 days during peacetime. You must also have been discharged from the military under honorable conditions.