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VA Home Loans and Refinancing

Save on your VA Home Loan with Connexus.

Get up to $700 off closing costs with promo code SAVEONCLOSING.‍4

Questions? We can help.

Explore the benefits of a VA Home Loan

VA Home Loans are home loans specifically designed for qualified enlisted service members, veterans, and their spouses who are looking to buy or refinance a home. Backed by the federal government, these home loans offer competitive interest rates, up to 100% financing (no-to-low down payment), and no PMI requirements.

See how a VA Home Loan stacks up against a conventional mortgage.

VA Home Loan Comparison Table
Comparison Category
VA Home LoanConventional 30-year Mortgage
Down payment requirementAs little as 0%3% – 20%
Private mortgage insurance (PMI) requirementNoneRequired if putting less than 20% down
Minimum credit score requirement620640
Prepayment penaltiesNoNo
Max loan-to-value (LTV) fundingUp to 100%Up to 97%

VA Home Loans eligibility and process

The VA Home Loan program benefits qualified active service members, veterans, and surviving spouses. Find out if you are eligible and learn how the process works here.

  1. Determine your eligibility as outlined by the VA. To view the complete eligibility requirements, please see the VA’s comprehensive eligibility guide for veterans, enlisted service members, and surviving spouses.
  2. Get your Certificate of Eligibility (COE). Issued by the VA, a COE indicates your eligibility for VA Home Loan benefits. Visit the Department of Veterans Affairs website to request your COE.
  3. Complete your Mortgage Application and submit all required documents.
  4. Find your dream home, make the winning offer, and sign a purchase agreement.
  5. Let our lending team complete the processing and underwriting stage.
  6. Close on your very own piece of the American dream.

Ready to start? We offer a convenient online application. Begin yours today.

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Have questions along the way?

We’re here to answer your questions so that you can achieve your financial goals.

VA Home Loan Rates

VA Loan Rates – w/payments
TermRates As Low AsAPR‍1Monthly Payment
30-year fixed7.500%7.702%$699.21
15-year fixed6.875%7.191%$891.85
Accurate as of 06/22/2024

Ready to take advantage of these competitive rates? Start your application.


VA Home Loan Refinancing

Looking to refinance with a VA Home Loan? Let us help! Plus, if you currently have a VA Loan, you can refinance up to 100% of your home’s value and get cash for your equity. Or, if you don’t need cash, you may be able to refinance up to 120% of the value.

Get your rate

Our team will help determine how low your rate would be if you refinanced to a VA Home Loan. Call us today at 800.845.5025.

Book a call

Have questions about your eligibility, our rates, or the VA refi process? Use our online scheduler to book a call with our team at a time that works for you.

Start your application

Have the info you need? Ready to get started? Begin your online refinance application today.

veteran couple on computer

FAQs: You asked. We answered.

Can I refi a VA Home Loan?
How do I know if I am eligible for home loan benefits through the VA?

VA Home Loans are available for qualified active service members, veterans, and surviving spouses. Eligibility requirements are determined by the VA and vary for enlisted military, veterans, National Guard members, and Reserve members. To view the complete eligibility requirements, please see the VA’s comprehensive eligibility guide.

What paperwork do I need to qualify?

You need a Certificate of Eligibility (COE), which is issued by the VA and indicates your eligibility for VA Home Loan benefits. You can obtain your COE through the VA. Visit the Department of Veterans Affairs website to learn more about requesting your COE.

Do I still need to go through the application process if I have my COE?
Yes. As with any other real estate loan, you still need to qualify based on credit, income, debt-to-income ratio, and other underwriting criteria as outlined by the financial institution where you are applying.
Are there pre-payment penalties?
No, there are no pre-payment penalties with a VA Home Loan.
Are there closing costs with a VA Loan?
Yes, there are closing costs affiliated with a VA Home Loan. They are similar to closing costs on a traditional mortgage.
What are the benefits of a VA Loan?
VA Loans are very similar to traditional mortgages. However, they offer options with no down payment, no need for private mortgage insurance (PMI), and very competitive interest rates. Eligible veterans are also able to use VA loan benefits more than once.
Are all properties eligible for a VA Loan?

There are some limitations on the types of properties eligible for funding. Generally, VA Home Loans can be used to finance single family homes, condos in approved communities, and some manufactured homes that are sold with land and on a permanent foundation. VA Home Loans cannot be used to finance land without a dwelling, investment properties, or office/business spaces.

Visit for additional information.

Where can I learn more about VA Home Loans?

The Department of Veterans Affairs website maintains an excellent site with comprehensive guides and information. Here are links to some of the most commonly requested resources:
Types of VA Home Loans
Eligibility requirements
How to request a COE
The VA Home Loan buying process