VA Home Loan Benefit

The VA Home Loan Benefit is a program that helps veterans, active-duty service members, and certain reservists buy homes. This benefit allows qualified individuals to secure a mortgage without needing a down payment or private mortgage insurance (PMI), making homeownership more affordable. Loans are provided by private lenders but guaranteed by the Department of Veterans Affairs (VA), which reduces the risk for lenders. This benefit can also provide favorable interest rates and terms, making it easier for veterans to purchase, refinance, or improve their homes.