What Is a VA Loan?

A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, created to help eligible veterans, service members, and select surviving spouses buy, build, or refinance a home. These loans offer unique benefits that support long-term homeownership with greater flexibility.

Who VA Loans Are For

• Veterans and active-duty service members

• National Guard and Reserve members

• Certain surviving spouses of service members

• Buyers purchasing a primary residence

Key Benefits

• Up to 100% financing available for eligible buyers

• No monthly mortgage insurance required

• No prepayment penalties

• Flexible credit and income requirements

• Refinance options including VA IRRRL (streamlined refinance)

All VA loan benefits are subject to eligibility. Certificate of Eligibility (COE) required.

VA Loan LTV Guidelines

• Up to 100% LTV for home purchases and VA-to-VA streamlined refinances

• Up to 100% LTV for VA cash-out refinances (varies by lender)

• Loans must be for a primary residence

• No required mortgage insurance, but a VA funding fee may apply (waived for some)

Loan-to-value limits and terms vary by program. All loans subject to credit, income, and underwriting approval.

Why Lendmire?

At Lendmire, we’re honored to serve those who have served. Our mortgage experts guide you through the VA loan process with clarity, speed, and care. As a broker, we match you with VA-approved lenders offering flexible terms that fit your needs.

Compliance Notice

Lendmire complies with all federal and state mortgage regulations. VA loans are subject to program eligibility, credit approval, and lender underwriting. A Loan Estimate (LE) will be provided after receipt of a completed application and required documentation.