VA Purchase
Buy a home with no down payment. Available for single-family homes, condos, townhouses, and multi-unit properties (up to 4 units).
VA loans
VA home loans in Washington DC
VA loans for veterans, active-duty service members, and surviving spouses, with $0 down and no PMI.
$0
Down payment
$0
Monthly PMI
$0
Prepayment penalty
VA loan benefits
Six VA loan benefits
No down payment
VA loans allow 100% financing, so you can buy a home with $0 down.
No PMI
VA loans do not require private mortgage insurance. FHA loans and conventional loans with less than 20% down require mortgage insurance.
Backed by the VA
The U.S. Department of Veterans Affairs guarantees part of the loan, which is why VA loans need no down payment or monthly mortgage insurance.
Limited closing costs
VA regulations cap what veterans can be charged at closing, and sellers can pay all of your closing costs.
Flexible credit
VA underwriting guidelines are more flexible on credit than conventional loan guidelines.
No prepayment penalty
Pay off your VA loan early or make extra payments without any penalty fees.
Eligibility
VA loan eligibility
You may be eligible for a VA loan if you meet one of the following service requirements:
- Served 90 consecutive days of active duty during wartime
- Served 181 days of active duty during peacetime
- At least 6 years of service in the National Guard or Reserves
- Spouse of a service member who died in the line of duty or from a service-related disability
- Currently serving on active duty
You'll need a Certificate of Eligibility (COE) from the VA. We can help you obtain this as part of the application process.
VA loan programs
Four types of VA loans
VA Streamline (IRRRL)
Refinance your existing VA loan to a lower rate with minimal paperwork. No appraisal or income verification required in most cases.
VA Cash-Out Refinance
Borrow against your home equity for home improvements, debt consolidation, or other costs. VA allows up to 100% of value, and lenders can set a lower limit.
VA Jumbo
For purchases above the standard conforming loan limit.
Get pre-qualified for a VA loan
Pre-qualify in 2 minutes and see which VA loan options fit your purchase.