For veterans
VA home loans for those who served.
VA loans are a home-loan benefit guaranteed by the U.S. Department of Veterans Affairs. For eligible borrowers they can mean buying a home with no down payment and no monthly mortgage insurance.
Talk with HieuMay be a good fit if…
- You are a veteran, active-duty service member, or eligible surviving spouse.
- You want to keep more of your savings at closing.
- You are buying a primary residence.
What to know
Often no down payment
Eligible borrowers with full entitlement can often finance the full purchase price, subject to lender guidelines.
No monthly PMI
VA loans do not require private mortgage insurance. Most borrowers pay a one-time VA funding fee; some veterans with service-connected disabilities are exempt.
Certificate of Eligibility
Your Certificate of Eligibility (COE) confirms your VA entitlement and is one of the first documents to request.
Questions worth asking
- How much VA entitlement do I have available?
- Am I exempt from the VA funding fee?
- Can I use my VA benefit again if I have used it before?
Frequently asked questions
Who is eligible for a VA loan?
Eligible veterans, active-duty service members, certain National Guard and Reserve members, and some surviving spouses. Eligibility is confirmed with a Certificate of Eligibility.
Is there a VA loan limit?
Borrowers with full entitlement are not subject to a VA loan limit, though lenders still review income and credit. Remaining entitlement can affect borrowers with an active VA loan.
Can I use a VA loan more than once?
Yes. VA entitlement can be reused, and in some cases restored after a previous VA loan is paid off.
Related reading
Want advice for your situation?
Hieu Nguyen, Senior Mortgage Loan Originator, Century Financial Group Co.. Loans are offered only in states where Hieu Nguyen and Century Financial Group are licensed — see NMLS Consumer Access. Not a commitment to lend; all loans are subject to credit and underwriting approval. Contact: (714) 409-9272.