For veterans, Veterans Affairs mortgages—more commonly known as VA loans—offer an easy path to home ownership. Since these loans require no down payment, they are very attractive mortgage options to service members who want to buy their first home. Learn how the VA program works before you apply, so you know what to expect.
Who is Eligible for a VA Loan?
Both current and former military members are eligible for Veterans Affairs mortgages. Current members need at least 90 days of active service, unless they were discharged for a disability with less than 90 days of service.
You don't need to make a down payment (although you can if you'd like to reduce your mortgage). You must have sufficient credit.
While you can buy many types of…