VA Loans
Home financing earned through military service, for veterans, service members, and eligible surviving spouses.
Rates change. See Current Rates for today’s figures.
What a VA Loan Is
A VA loan is guaranteed in part by the U.S. Department of Veterans Affairs. The guarantee lets lenders offer terms that are hard to match anywhere else, most notably the ability to buy with no down payment in many cases and without private mortgage insurance.
What You Should Know
Often No Down Payment
Many eligible borrowers can finance the full purchase price.
No Private Mortgage Insurance
VA loans do not carry PMI, which lowers the monthly payment.
VA Funding Fee
Most VA loans include a funding fee, which can usually be financed. Some borrowers are exempt.
Certificate of Eligibility
You will need a COE from the VA. We can help you request it.
Reusable Benefit
VA entitlement can generally be used more than once over a lifetime.
Primary Residence
VA financing is for a home you will occupy.
Who Is Eligible
Eligibility is determined by the VA, not by Waypoint, and rests on your service history. A Waypoint lender will help you request your Certificate of Eligibility and confirm what your entitlement allows.
- Veterans who meet the VA service requirements
- Active-duty service members
- Members of the National Guard and Reserve who meet the service requirements
- Certain surviving spouses of service members
Common Questions
In many cases yes, though it depends on your entitlement and the purchase price. A lender will confirm once your Certificate of Eligibility is in hand.
A one-time fee the VA charges to support the program. It can usually be rolled into the loan. Borrowers receiving compensation for a service-connected disability are generally exempt.
Generally yes. Entitlement can be restored and reused. The details depend on your history, so ask a lender to look at your specific situation.
Talk it through with someone who lends here.
Local decisions. No obligation.
A short conversation before you apply tells you what you can realistically borrow and what it will cost. Book a time at any Waypoint branch, or start online and we will pick it up from there.
Important Disclosures
Equal Housing Lender. NMLS #404962.