Start with the basics
These answers are general education, not a loan approval or a quote.
For a real review, a lender needs to look at the full loan file.
Private VA loan education
VA loan frequently asked questions.
Short answers to the VA loan questions borrowers usually ask first.
NMLS #457569
Updated June 18, 2026
Explore the guide
Main takeaways
What to know first.
The goal is to give you useful context before you compare offers or fill out a loan application.
- VA loan rules depend on eligibility, loan purpose, property, and lender review.
- The same VA benefit can look different for a first-time buyer, PCS move, refinance, or second use.
- When in doubt, ask a specific question with your real numbers.
FAQ
Common questions.
Can I buy with no down payment?
Qualified VA borrowers may be able to buy with $0 down. Closing costs and prepaid items may still apply.
Do VA loans require mortgage insurance?
VA loans do not require monthly private mortgage insurance (PMI), but a VA funding fee may apply unless the borrower is exempt.
Can I use a VA loan after a bankruptcy or foreclosure?
It may be possible after required waiting periods and a full lender review. The details matter.
Can I refinance a VA loan?
Yes, common options include a VA streamline refinance, also called an IRRRL, and a VA cash-out refinance.
Is this site affiliated with VA?
No, Veterans Mortgage Center is not affiliated with or endorsed by the U.S. Department of Veterans Affairs.