Loan programs
VA loan
Also known as: Veterans Affairs loan, VA mortgage
A loan program for eligible veterans and service members; typically no conventional PMI.
VA loans are guaranteed by the U.S. Department of Veterans Affairs for eligible service members, veterans, and some surviving spouses. They often allow zero down payment and do not use conventional PMI, though other costs (such as a funding fee in some cases) may apply. Entitlement and eligibility rules are program-specific.
See also
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