A VA-backed home loan can make homeownership more accessible for eligible Veterans, active-duty service members, and some surviving spouses. Unlike a conventional mortgage, the VA guarantees a portion of the loan, which can help participating lenders offer favorable terms to qualified borrowers. One of the biggest advantages is the ability to purchase a home with no down payment in many circumstances. VA-backed purchase loans also don't require private mortgage insurance, which can reduce one of the ongoing costs associated with some other types of mortgages. Eligibility is based on factors such as your service history and duty status, and you'll generally need a Certificate of Eligibility (COE), along with meeting your lender's credit, income, and other requirements. If you've earned the benefit through your service, we'll help you understand how it can work for your home-buying plans.