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VA Loan: Your Best Home Loan Option?

Veterans Administration (VA) home loans were created for veterans, active-duty military personnel, National Guardsmen and their families. They offer 100% financing options and flexible credit/debt-to-income requirements. You've earned it!

Scroll down to learn more about VA loans or talk to an expert, utilize our easy loan wizard to explore rates and payments or get approved now.

The Nuts And Bolts

The Nuts And Bolts

  • You can purchase a new home with 0% down.
  • For those with an existing VA mortgage, an Interest Rate Reduction loan option is available with a lower funding fee, reduced appraisal requirements and no income qualification.
  • Credit a consideration? No problem – credit scores as low as 620 may qualify.
  • Want to limit closing costs? You can finance the up-front VA funding fee in the loan.
  • VA loans do not require monthly private mortgage insurance.
  • Sellers can help too! Up to 4% of seller contributions are allowed toward closing costs.
More Details And Specifics

More Details And Specifics

  • Available with fixed rates.
  • A VA mortgage can be used to purchase or refinance a primary residence.
  • Eligible properties include Single Family Residences and approved Planned Unit Developments (PUDs) and Condos.
  • Used VA benefits in the past? You can use them again with the VA loan.
  • Spouses of veterans who served or are currently serving are also eligible for VA financing.
  • If you're looking for a home in a high-cost area, VA offers generous loan limits in designated locations.
A Few Extras

A Few Extras

  • A one-time VA-required funding fee is paid at closing, or you can finance the fee into the mortgage.
  • Want to tie things up quickly? Pay off your mortgage at any time without prepayment penalties.
Everything to Know About a VA Mortgage | M&T Bank