A VA mortgage is a home loan that is guaranteed by the Department of Veterans Affairs (VA) and designed to help active-duty military members, veterans, and their surviving spouses become homeowners. 

​

One of the main advantages of a VA mortgage is that it allows eligible borrowers to purchase a home with no down payment. This can be especially helpful for military members and veterans who may not have a lot of money saved for a down payment or who may have difficulty coming up with the funds for a down payment.

​

Another advantage of a VA mortgage is that it has more lenient credit requirements compared to conventional mortgages, making it more accessible to borrowers with lower credit scores. In addition, VA mortgages do not require private mortgage insurance (PMI), which can significantly reduce the overall cost of homeownership.

​

A VA mortgage also offers more flexibility in terms of property type. Borrowers can use a VA mortgage to purchase a single-family home, a multi-family home, a manufactured home, or a condominium.