Zero down payment, no PMI for eligible veterans and active-duty service members.
The VA loan is the single best mortgage product in America — available exclusively to active-duty service members, veterans, and eligible surviving spouses. It requires zero down payment on any loan amount, charges no monthly mortgage insurance, and consistently offers the lowest interest rates of any loan type. For a $400K home, a VA borrower saves roughly $100,000 over the life of the loan compared to an FHA borrower.
VA loans allow purchases of 1-4 unit properties for owner-occupants, making them the ultimate house-hacking tool for military families. There's a one-time VA funding fee (1.25-3.3% depending on service history and down payment), but it's waived entirely for borrowers receiving VA disability compensation. With no loan limit for borrowers with full entitlement, VA loans work in every market in the country — from rural towns to Manhattan.
Buy a fourplex, live in one unit. Best mortgage product available.
We'll show you how to combine VA Loan with other programs to maximize your free money — personalized to your ZIP code and income.