VA Loan
Lending & MortgagesA mortgage guaranteed by the Department of Veterans Affairs, offering no down payment and competitive rates.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding va loan helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how va loan impacts your specific situation.