How this mortgage path is commonly used
VA-guaranteed loans are made by private lenders and backed in part by the U.S. Department of Veterans Affairs. Eligibility and entitlement must be verified.
Potential features
- Qualified borrowers may access no-down-payment purchase options
- No monthly private mortgage insurance
- Purchase, IRRRL, cash-out, and construction paths may be available
- VA establishes program protections and appraisal requirements
Important considerations
- A funding fee may apply unless exempt
- A Certificate of Eligibility is required
- The home generally must meet VA occupancy and property requirements
- Lender underwriting and overlays apply
Common starting points
Eligible veterans and service membersCertain eligible surviving spousesExisting VA borrowers reviewing refinance paths
A practical way to evaluate your options
01
Define the goal
Purchase, refinance, build, invest, or use equity.
02
Review the full payment
Include taxes, insurance, mortgage insurance, and association dues.
03
Prepare the profile
Income, assets, credit, property, and occupancy all shape available paths.
04
Complete underwriting
Only a complete application and underwriting can establish approval and terms.
Educational information, not a commitment to lend
Program availability, guidelines, pricing, and documentation requirements can change. Contact duPont Lending for information specific to your scenario.