How To Use Your Va Home Loan

Using your VA home loan benefit: working with a Realtor and lender Have the house inspected and appraised We strongly recommend that you get an inspection to check for any major defects before you purchase your home.

You’ll need a VA-backed purchase loan You’ll go through a private lender, like a bank or mortgage company, to get this loan. We’ll guarantee part of the loan against loss, which will allow your lender to give you better loan terms, like the option to pay no down payment. How can I buy a home with a VA-backed loan?

In nearly all instances, veterans can't keep the home for themselves and still fully restore their entitlement. A common example is when a veteran buys a home with a VA loan but later refinances with another loan type. That conventional or FHA refinance repays the original VA loan in full.

If you have any questions about your eligibility for a VA home loan, please call your VA regional loan center at 877-827-3702. We’re here Monday through Friday, 8:00 a.m. to 6:00 p.m. ET. Looking to buy a home? Find out if you can get a VA-backed purchase loan and get better terms than with a private lender loan.