Honoring service with homeownership.
A VA loan is a government-backed mortgage option available to Veterans, service members, and surviving spouses. VA loans offer competitive interest rates and terms and can be used to purchase a single family, condominium, multi-unit property, manufactured house, or new construction.
Why Veterans choose VA financing.
Designed to honor service members and make homeownership accessible.
$0 Down Payment
Eligible Veterans can buy with zero down payment, preserving capital and reserves.
No Monthly PMI
VA loans require no private mortgage insurance — just an upfront funding fee (often financeable).
Competitive Rates
Government guarantee allows lenders to offer Veterans some of the most competitive rates available.
IRRRL Streamline
Refinance to a lower rate with minimal paperwork — often no appraisal or income docs needed.
Reusable Benefit
Use your VA benefit more than once. Restore entitlement when you pay off — or use remaining entitlement.
Disability Exemption
Veterans with service-connected disabilities may be exempt from the funding fee entirely.
Who qualifies for a VA loan?
Veterans and service members must meet basic time-in-service and character-of-service requirements to be eligible. Some surviving spouses also qualify.
Generally, you can be eligible if you served:
- 90 consecutive days on active duty (wartime)
- 181 consecutive days on active duty (peacetime)
- 6 years in the Guard or Reserve, or 90 days under Title 32 orders (at least 30 of those days consecutively)
- Active duty service members, Veterans, National Guard, and Reserves can all qualify
- Surviving spouses of service members who died in the line of duty
Certificate of Eligibility (COE): OptionOne can help obtain your COE, a formal document issued by the VA that confirms you meet the guidelines. You don't need this document before starting the home loan process — we'll handle it.
Three programs.
One benefit.
VA Purchase Loan
Veterans and service members can use the VA loan to purchase new or existing homes with $0 down payment.
- $0 down payment
- Single-family, condos, manufactured homes
- Multi-unit properties (like duplex) and new construction
VA IRRRL (Streamline)
The Interest Rate Reduction Refinance Loan is the simplest VA refinance, and the one most Veteran homeowners choose.
- Simple, low-cost refinance
- May not require credit underwriting, income verification, or appraisal
- Only for Veterans who currently have a VA loan
VA Cash-Out Refinance
Allows qualified homeowners to refinance their mortgage and take out cash from their home's equity.
- Open to Veterans with and without current VA loans
- Refinance up to 90% of home's value
- Veterans with non-VA mortgages can use as rate-and-term refinance
VA loan specifications.
VA Loan Details
Government-guaranteed financing for service members.
Important VA Details
- Down Payment $0 with full entitlement
- Loan Limit Up to conforming with full entitlement
- Funding Fee Varies by service/down/use
- PMI None
- Entitlement Reusable on payoff
VA Guaranty Explained
- Although the VA loan is a federal program, the government generally doesn't make direct loans.
- Private lenders including OptionOne finance the loan.
- The Department of Veterans Affairs offers a guaranty.
- This guaranty protects the lender against total loss should the buyer default.
- You can use your VA benefits multiple times.
- Once your original VA loan is paid off, entitlement is restored.
Real results.
Real reviews.
Frequently asked questions.
VA loan limits vary by county. For Veterans with full entitlement in most areas, you can borrow up to the conforming loan limit with $0 down. Veterans with remaining entitlement may have different limits. Contact us for specifics in your area.
The VA funding fee is a one-time fee paid to the VA to help sustain the loan program. The amount varies based on down payment, service type, and whether it is a first-time or subsequent use. Some Veterans may be exempt from the funding fee if they have a service-connected disability.
Yes. Once your original VA loan is paid off, your entitlement is restored. You may also have remaining entitlement that can be used for another purchase without selling your current home.
No. OptionOne can obtain your Certificate of Eligibility (COE) on your behalf. Veterans don't need to get this document before starting the home loan process.
VA loans can be used for single-family homes, condominiums, manufactured homes, multi-unit properties (such as a duplex you'll occupy), and new construction.
Honoring your service with homeownership.
Get pre-qualified for a VA loan with $0 down. We obtain your COE for you.