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VA Loan Hub: Eligibility, COE, Funding Fee, and Refinance

Learn how the VA home loan program works — eligibility, Certificate of Eligibility, funding fee, and IRRRL/Cash-Out refinance options.

Quick Answer

VA loans offer 0% down, no PMI, and competitive rates for eligible veterans. You need a Certificate of Eligibility (COE) and to meet lender credit and income standards.

Key takeaways

  • 0% down payment for most eligible veterans.
  • No private mortgage insurance (PMI).
  • Funding fee can be financed into the loan.
  • 100%+ disability rated veterans are exempt from the funding fee.
  • IRRRL refinances are streamlined with minimal paperwork.

Overview

The VA home loan program is one of the most powerful benefits available to veterans. Understanding the funding fee, entitlement, and refinance rules helps you maximize it.

Related VA forms

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Frequently asked questions

Do VA loans require a down payment?

Most eligible veterans can buy with 0% down up to their county loan limit.

Who is exempt from the VA funding fee?

Veterans with a service-connected disability rating, surviving spouses, and Purple Heart recipients on active duty.

Educational only. Not legal advice. See our editorial standards and sources. Verify with the VA or an accredited representative.