What Are VA Loans?
VA loans are mortgage options backed by the U.S. Department of Veterans Affairs, designed exclusively for veterans, active-duty service members, and eligible surviving spouses.
Rising home prices ke bawajood, VA loans veterans ko $0 down payment aur bina PMI (Private Mortgage Insurance) ke ghar kharidne ka moqa dete hain, jo hazaron dollars ki bachat hai.
Key Benefits in 2025
- No down payment required
- No Private Mortgage Insurance (PMI)
- Lower interest rates than conventional
- Limited closing costs (4% concessions)
- No prepayment penalties
- Streamlined VA IRRRL refinancing
Eligibility Requirements
Service History
- 90 consecutive days of active wartime service.
- 181 days of active peacetime service.
- 6 years of service in National Guard or Reserves.
Financial Standards
Credit Score: Typically 580-620+ (lender specific).
DTI Ratio: Aim for under 41% for smoother approval.
Income: Stable employment (2-year history preferred).
The 6-Step Process
Apna COE VA portal ya lender ke zariye hasil karein.
Work with a VA-approved lender to determine your budget.
VA requirements ko pura karne wala ghar talash karein.
Property value aur condition assess karne ke liye VA appraiser appoint karein.
Final documents aur appraisal ki review ki jati hai.
Receive your keys and officially become a homeowner.