Low down payment
VA loans, with the respect the benefit deserves.
For eligible veterans, active-duty service members, and surviving spouses: no down payment, no monthly mortgage insurance, competitive rates, and an assumable loan.
- Down payment
- $0
- Mortgage insurance
- None
- Funding fee
- Waivable
Best for
- Veterans and active-duty
- Buyers with limited savings
- Surviving spouses
The benefit
A VA loan often allows more favorable terms than a traditional mortgage: competitive interest rates, little to no down payment, and no private mortgage insurance. The loan is also assumable by a future qualified buyer.
Eligibility
You'll need a Certificate of Eligibility (COE). We can pull it for you in most cases. Veterans with a service-connected disability are typically exempt from the funding fee.
Refinancing with VA
The Interest Rate Reduction Refinance Loan (IRRRL) lets you lower your rate with minimal paperwork; a VA cash-out refinance lets you access equity up to 100% of value in some cases.
Questions people ask
- Can I use VA more than once?
- Yes. Entitlement can be restored after you pay off a previous VA loan, and many veterans have partial entitlement available even while holding one.
Often compared with
Next step
Ready to talk to a lender who can actually decide?
Start the application online, or call and ask for the mortgage department. Either way, a real human in Crystal Lake or Appleton takes it from there.