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Home Financing Benefits for Veterans and Service Members

VA loans are designed to make homeownership more accessible for eligible veterans, active-duty service members, and qualified surviving spouses. These government-backed loans often offer no down payment, flexible credit requirements, and competitive interest rates.

At Mortgage Rates Today, we make it simple to learn about VA loan programs and compare offers from participating VA-approved lenders in one place.

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Why Borrowers Choose VA Loans

  • No down payment for most qualified applicants
  • No private mortgage insurance (PMI) required
  • Competitive rates compared to many conventional programs
  • Flexible qualification standards supported by the VA’s backing

How It Works

Share your goals and eligibility details

Let us know about your military service and homeownership goals.

Explore VA loan programs

Review information from participating VA-approved lenders.

Compare and choose confidently

See potential rates and terms before deciding which lender to contact — all with no credit impact.

Share your goals and eligibility details

Let us know about your military service and homeownership goals.

Explore VA loan programs

Review information from participating VA-approved lenders.

Compare and choose confidently

See potential rates and terms before deciding which lender to contact — all with no credit impact.
Explore Your Options

Frequently Asked Questions

1. What is a VA loan?
A VA loan is a home loan program backed by the U.S. Department of Veterans Affairs. It helps eligible veterans, active-duty service members, and certain surviving spouses buy, build, or refinance a home with favorable terms and no private mortgage insurance.

You may be eligible for a VA loan if you are:

  • An active-duty service member
  • A veteran who meets minimum service requirements
  • A member of the National Guard or Reserves
  • A surviving spouse of a service member who died in the line of duty or from a service-related disability

Lenders can confirm eligibility through your Certificate of Eligibility (COE) issued by the VA.

VA loans offer several unique advantages, including:

  • Up to 100% financing for qualified borrowers
  • No down payment required in most cases
  • No PMI (private mortgage insurance)
  • Competitive interest rates and closing cost limits

These benefits make VA loans one of the most affordable home financing options available to eligible applicants.

Yes. You can use your VA loan benefits multiple times as long as you restore your entitlement by paying off the previous VA loan or selling the property tied to it. Lenders can help confirm your current entitlement status.

Yes. Eligible borrowers can use VA loan programs such as the VA Interest Rate Reduction Refinance Loan (IRRRL) to lower their rate or monthly payment. Cash-out refinance options are also available for qualified homeowners.
No. Comparing VA loan information through Mortgage Rates Today does not impact your credit. A credit inquiry only occurs when you contact a specific lender and authorize them to check your credit report.

Start Exploring VA Loan Options

Compare VA loan programs, view potential rates, and connect with trusted VA-approved lenders.

Mortgage Rates Today makes it simple to explore your options with no obligation and no credit impact.

Fast, transparent, and built to serve those who served.

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