VA Loan Purchase Made Simple for Veterans & Active-Duty

What is a VA Loan Purchase?

A VA loan purchase is a VA-backed mortgage used to buy a primary residence. VA loans are designed to reward service by lowering barriers to homeownership—often reducing the cash needed at closing and removing monthly PMI.

• $0 down available with full entitlement
• No monthly PMI (unlike many conventional loans)
• Competitive rates and flexible guidelines
• Reusable VA entitlement (as long as you have availability)

VA Loan Purchase Requirements (Quick Overview)

While the VA doesn’t set a minimum credit score, lenders review the full profile—income, residual income, payment history, and overall stability. If automated underwriting returns “refer,” a manual underwrite may be possible when allowed.

Want the full checklist? See VA loan requirements.

Step-by-Step VA Loan Purchase Process

• 1) Pre-approval: We review income, eligibility, and a clean plan for approval.
• 2) Shop with confidence: Strong pre-approval helps your offer stand out.
• 3) Contract + disclosures: We coordinate with your agent and outline timelines.
• 4) VA appraisal + underwriting: We clear conditions fast (communication matters).
• 5) Closing: Final numbers, signing, keys.

Common Documents for a VA Loan Purchase

Every file is different, but these are the common items we’ll request to move fast:

• Government ID + basic application info
• Most recent paystubs and W-2s (or tax returns if self-employed)
• Bank statements (closing funds / reserves if needed)
• DD-214 or COE (if available—don’t worry if you don’t have it)
• Rental history / housing history (helps in many scenarios)

VA Loan Purchase FAQs