Types of Mortgages - The VA Home Loan

The VA loan is a long-term home loan guaranteed by the Department of Veterans Affairs.

A common misconception about the VA home loan is that the VA actually loans the money. But this is not the case. The VA insures the loan, but a regular mortgage lender loans the money. Because this loan is insured by the VA, it has the additional benefit of a low-money down payment (or a zero down payment).

VA home loans are only available to qualified military veterans who have obtained a certificate of eligibility from the Department of Veterans Affairs.

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You can learn more about VA home loans