VA Home Loan FAQs

Thinking about using a VA loan but not sure how it works? You’re not alone. Below are some of the most common questions we get from Veterans, active duty service members, and military families—along with honest, easy-to-understand answers.

Eligibility

Who qualifies for a VA loan?

Eligible borrowers include Veterans, active duty service members, National Guard and Reserve members (with sufficient service), and some surviving spouses.

Can I use a VA loan more than once?

Yes, you can use your VA loan benefit more than once. As long as you have remaining entitlement or restore it after selling your previous home, you’re eligible.

Loan Benefits

What are the advantages of a VA loan?

There is usually no down payment, no private mortgage insurance (PMI), competitive interest rates, and limited closing costs.

Is there really no down payment required?

That’s right—most VA loans don’t require a down payment. However, you’ll still need to cover closing costs unless the seller agrees to pay them.

Buying a Home

What types of homes qualify?

VA loans can be used to buy single-family homes, townhomes, certain condos, and multi-unit properties (up to 4 units) as long as one unit is your primary residence.

Can I use a VA loan to buy a fixer-upper?

In most cases, no. The property must meet VA minimum property standards, so fixer-uppers may not qualify unless they’re fully livable and safe.

Costs and Fees

What is the VA funding fee and can it be waived?

The funding fee is a one-time cost that helps keep the program running. It varies based on your down payment and service history. Veterans with a service-connected disability are typically exempt.

Can the seller pay my closing costs?

Yes. Sellers can pay all of your allowable closing costs and up to 4% in concessions (which can include items like prepaid taxes or paying off debt).

The Loan Process

How do I get prequalified for a VA loan?

It starts with a short online form. Click here to get prequalified and I’ll follow up personally to walk you through your options.

How long does it take to close a VA loan?

Most VA loans close in 30–45 days, similar to conventional loans. Having your Certificate of Eligibility (COE) ready can speed things up.

Still Have Questions?

I’m here to help. Reach out anytime or get prequalified now to start the process.