Use VA financing to purchase an owner-occupied primary residence.
VA HOME LOANS
VA Home Loans for Eligible Service Members and Veterans
Zero down payment, no mortgage insurance, and a benefit earned through your service. Built for veterans, active-duty military, and eligible spouses. Available across our seven licensed states.
Independent Brokerage, Many Lenders
Licensed in 7 States
NMLS #2367229
Decades of Combined Experience
VA LOAN
What Is a VA Home Loan?
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs and available to eligible service members, veterans, and surviving spouses. It can provide eligible borrowers with no down payment, no monthly mortgage insurance, and competitive financing options. The benefit is earned through service.
How Can VA Loans Be Used?
VA loans can be used for several primary residence financing needs, including:
Purchasing a Primary Home
Refinancing an Existing Home Loan
Refinance an existing home loan when VA financing fits your needs.
Lowering Interest Rates or Adjusting Loan Terms
Explore options to lower your interest rate or adjust your loan terms.
Certain Approved Renovation or Improvement Scenarios
Certain approved renovation or improvement scenarios may be eligible for VA financing.
VA loans are intended for owner-occupied properties and are not designed for investment or vacation homes.
VA LOAN BENEFITS
What Are the Benefits of a VA Home Loan?
VA loans offer several advantages that make them one of the strongest home loan options available to eligible borrowers:
No down payment required in most cases
No monthly private mortgage insurance
Competitive interest rates
More flexible credit guidelines
Limits on certain closing costs
These benefits can significantly reduce the cost of homeownership over time.
WHO QUALIFIES
Who Qualifies for a VA Loan?
VA loan eligibility is based on military service history. You may qualify if you are:
An Eligible Veteran
An Active-Duty Service Member
A Member of the National Guard or Reserves
A Qualifying Surviving Spouse
VA LOAN FIT
Is a VA Loan Right for You?
A VA loan is a strong option for any eligible borrower buying or refinancing a primary residence. The zero down payment and no PMI requirements reduce upfront and monthly costs compared to most conventional loans.
We confirm your eligibility and compare VA loan options against other programs so you choose with full information.
THE BROKER ADVANTAGE
One Broker. Many VA Loan Options.
A bank is limited to the VA loan programs available through its own institution. As an independent mortgage brokerage, Mortgage Marketplace compares eligible VA loan options across multiple lenders, including rates, fees, lender credits, underwriting requirements, and estimated cash to close.
Our goal is not simply to find a loan. It is to help you understand which option best supports your purchase, refinance, payment, and long-term financial goals. In some cases, the right move may be a VA purchase loan, an IRRRL, or a VA cash-out refinance. In others, waiting or considering a different financing strategy may make more sense.
We compare the available numbers and loan structures so you can make an informed decision before moving forward.
VA LOAN FAQ
Questions Veterans Ask About VA Loans
What is a VA loan?
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs and available to eligible service members, veterans, and surviving spouses. It is one of the strongest programs in the market, offering no down payment, no monthly mortgage insurance, and competitive rates. The benefit is earned through service.
Do VA loans really require no down payment?
Yes, for eligible borrowers with full entitlement, a VA purchase loan can be financed at 100 percent of the purchase price with no down payment. There is still cash needed at closing for other costs, though some can be covered by seller concessions or lender credits. We lay out the real cash-to-close figure before you make an offer.
Do VA loans have mortgage insurance?
No. VA loans carry no monthly mortgage insurance at all, which is one of the largest ongoing savings the program offers compared with FHA or low-down-payment conventional loans. There is a one-time VA funding fee in most cases, which is a separate thing and is often financed into the loan.
What is the VA funding fee?
The funding fee is a one-time charge that helps sustain the program. The amount varies with your down payment, whether it is your first use of the benefit, and your service category. Many veterans with a service-connected disability rating are exempt from it entirely.
What credit score do I need for a VA loan?
The VA itself sets no minimum credit score. Individual lenders set their own, and those vary considerably from one lender to the next. That variation is why comparing matters on a VA file specifically. A score that stops one lender may be perfectly acceptable at another in our network.
Can I use my VA benefit more than once?
Yes. The VA benefit is not a one-time use. Entitlement can be restored after a prior VA loan is paid off, and in some cases you may hold more than one VA loan at a time using remaining entitlement. Tell us your history and we will confirm what you have available.
What is a VA IRRRL?
The Interest Rate Reduction Refinance Loan is the VA streamline refinance. It is designed to lower the rate on an existing VA loan with reduced documentation and, in many cases, no appraisal. If you already have a VA loan, it is worth reviewing whenever rates move.
How long does it take to close a VA loan?
Closing takes 21 to 30 days in most cases once you have an accepted offer and your documents are in. Obtaining your Certificate of Eligibility is usually quick and we can help with it. We are licensed in Oregon, California, Washington, Idaho, Texas, Florida, and Montana, with offices in Salem and Eugene, Oregon.
Ready to Check Your VA Loan Eligibility?
See how your VA eligibility, entitlement, credit profile, and property details may affect your financing options.
We will help you understand the available path and the estimated cash needed to close.