VA loans are an exclusive benefit for veterans, active duty service members, and eligible surviving spouses. Enjoy zero down payment, no private mortgage insurance, and some of the most competitive rates available anywhere.
No obligation. No credit check to get started.
Thank you for your service. You earned the $0 down payment, the no-PMI, and the most favorable mortgage terms in America. We're here to make sure you get every dollar of that benefit.
A VA loan is a government-backed mortgage guaranteed by the U.S. Department of Veterans Affairs, designed exclusively for those who have served our country.
VA loans are one of the most powerful home financing benefits available to American veterans, active duty service members, National Guard and Reserve members, and eligible surviving spouses. Backed by the Department of Veterans Affairs, these loans allow qualified borrowers to purchase a home with no down payment and no private mortgage insurance — benefits that are virtually unmatched in the mortgage industry.
Because the VA guarantees a portion of each loan, lenders like Lending Arena can offer significantly more favorable terms than conventional financing. This guarantee reduces the lender's risk, which translates into lower interest rates, relaxed credit requirements, and the elimination of costly mortgage insurance premiums that other loan types require.
The VA loan program was established in 1944 as part of the GI Bill to help returning service members purchase homes without needing a large down payment or perfect credit. Today, it remains one of the most significant benefits of military service, having helped millions of veterans and their families achieve the dream of homeownership.
VA loans offer exclusive advantages that make homeownership more accessible and affordable for those who have served.
Purchase your home with $0 down. VA loans are one of the only mortgage programs that allow 100% financing, meaning you can keep your savings for moving costs, furniture, or an emergency fund.
Unlike conventional and FHA loans, VA loans never require private mortgage insurance — regardless of your down payment amount. This can save you hundreds of dollars every month on your mortgage payment.
VA loans consistently offer some of the lowest interest rates on the market. Because the VA guarantees the loan, lenders can pass along significant savings in the form of reduced rates.
Check the key requirements to see if you qualify for a VA loan.
90 consecutive days of active service during wartime, 181 days during peacetime, or 6 years in the National Guard or Reserves. Surviving spouses of service members who died in the line of duty or from a service-connected disability may also qualify.
You will need a Certificate of Eligibility (COE) from the VA to prove your service history qualifies you for a VA loan. Our team can help you obtain your COE quickly, often within minutes through the VA's online portal.
While the VA itself does not set a minimum credit score, most lenders typically require a score of 620 or higher. Lending Arena works with borrowers to find solutions even if your credit needs improvement.
VA loans are intended for primary residences only. You must intend to move into the home within 60 days of closing. Investment properties and vacation homes are not eligible for VA financing.
Beyond the core benefits, VA loans come with additional protections and advantages that set them apart from every other mortgage program.
Pay off your VA loan early without any fees or penalties. Make extra payments whenever you want to build equity faster and reduce the total interest you pay over the life of your loan.
The VA limits the types of closing costs veterans can be charged, and sellers can contribute up to 4% of the loan amount toward your closing costs. This keeps your out-of-pocket expenses low.
VA loans are assumable, meaning a qualified buyer can take over your existing loan terms when you sell. In a rising rate environment, this can make your home significantly more attractive to buyers.
Getting your VA loan with Lending Arena is straightforward. Here's what to expect.
We help you obtain your Certificate of Eligibility from the VA, confirming your service history qualifies you for the program. This can often be done in minutes.
Complete our simple application and our team will review your financials to determine your borrowing power. Your pre-approval letter shows sellers you're a serious, qualified buyer.
Shop with confidence knowing exactly what you can afford. The VA appraisal will ensure the home meets minimum property requirements for safety and structural soundness.
Sign your final documents, get the keys, and move into your new home. Our team guides you every step of the way to a smooth closing with no surprises.
Get answers to the most frequently asked questions about VA loans.