VA Loans
$0 Down. Competitive rates. No Max Loan Amount.*
If you are a qualifying Veteran, you can get better rates than regular mortgages with loanDepot’s VA loan. Let our loan officers help you determine your eligibility and start the mission to build your personal wealth today!
*Purchase transactions only
*Purchase transactions only
VA Loans
$0 Down. Competitive rates. No Max Loan Amount.*
If you are a qualifying Veteran, you can get better rates than regular mortgages with loanDepot’s VA loan. Let our loan officers help you determine your eligibility and start the mission to build your personal wealth today!
*Purchase transactions only
*Purchase transactions only
What’s a VA loan and what are the benefits?
VA loans, guaranteed by the U.S. Department of Veterans Affairs (VA), are available only to U.S. military service people, veterans, some surviving military spouses and others who have served their country in specific ways. The Department of Veterans Affairs (VA) does not lend money for VA loans, but does guarantee a portion of the loan made by private lenders such as banks and mortgage companies in case the borrower defaults on the mortgage. The VA essentially agrees to repay a portion of the loan to the bank if the borrower defaults or forecloses.
VA loans have no down payment requirement, so homebuyers can finance up to 100 percent of the purchase price of their home, or in some cases even higher.
Unlike some FHA and conventional loans, VA loans do not require Private Mortgage Insurance (PMI). For additional details visit our VA loan calculator.
Since many veterans have spent time overseas and may not have established credit, the VA reviews the entire loan profile holistically before making a determination.
Although VA loans are not offered directly through the Veterans Administration, they are partially guaranteed by the federal government, enabling us to offer very competitive terms and interest rates compared to other types of loans.
The VA limits the closing costs lenders can charge to VA loan applicants, which can make a VA loan more affordable than other types of loans. Money saved can be used for furniture, moving costs, home improvements or anything else.
If you are eligible for a VA loan, you can use your VA loan benefit multiple times, on subsequent homes or even when refinancing an existing VA loan.
Discover Your Benefits & Explore Our Services
VA Loan FAQs
Who is eligible for a VA loan?
What is the difference between a VA loan and a conventional loan?
What are the property requirements for VA loans?
What are some other uses for VA loans?