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VA Loan Education | Benefits, Steps, Rates, COE & Tips for Veterans
VA Loan Education • Built for Veterans

VA Loan Education: Everything You Need to Know Before You Apply

Get clear, simple VA loan guidance: eligibility and COE, how VA loans work, purchase vs refinance, funding fee basics, underwriting factors, and a checklist to move faster.

Start Here Check Eligibility Live Rates Call 877-720-1160

Start with the basics

VA loans are a benefit earned through service. They often allow $0 down, have no monthly PMI, and are designed to be more flexible than many conventional loans.

VA Loans Overview
What VA loans are, who they’re for, and why veterans use them.
Eligibility + COE
How service requirements work and what the COE is used for.
VA Calculators
Purchase, refinance, affordability and more tools in one place.

VA loan steps (purchase)

  • 1) Eligibility + COE: confirm you qualify (we can help pull it).
  • 2) Pre-approval: verify income, credit, and your target payment range.
  • 3) Shop + offer: choose a home and submit an offer.
  • 4) VA appraisal: confirms value + basic property standards.
  • 5) Underwriting: finalize documents and conditions.
  • 6) Clear to close: final approval, signing, and keys.

Purchase vs refinance (quick guide)

Purchase

Often $0 down with no monthly PMI. Great for first-time and repeat VA buyers.

IRRRL

“Streamline” refinance to reduce rate/payment (simpler than many refis).

Cash-Out

Access equity for debt payoff, renovations, or other goals (rules apply).

What underwriters care about most

  • Income stability and ability to repay
  • DTI + residual income (money left after obligations)
  • Credit history (not just score)
  • Occupancy (primary residence intent)
  • Property type and appraisal findings
Apply Now Affordability Refinance

Disclosures: NMLS #213875 • Terms depend on credit, income, assets, property and market conditions. Subject to underwriting approval. Not a commitment to lend. Equal Housing Lender.

Start Here (Secure)

Send this and we’ll guide your next best VA steps.

VA Loan Education FAQs

What is a COE and why do I need it?
The Certificate of Eligibility (COE) shows you qualify for a VA loan benefit and helps determine entitlement and eligibility status.
Do VA loans have PMI?
No monthly PMI. VA loans typically have a one-time VA funding fee (some veterans are exempt) which can often be financed.
How fast can I get pre-approved?
Often same day during business hours once we have key details. For quickest help, call 877-720-1160.
Can I use a VA loan more than once?
Yes, many veterans can reuse their VA benefit depending on entitlement, prior use, and current scenario.

Disclosures: NMLS #213875 • Terms depend on credit, income, assets, property and market conditions. Subject to underwriting approval. Not a commitment to lend. Equal Housing Lender.

Veterans Mortgage Solutions Live rates + fast pre-approval
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