VA Loans


Veteran Home Loans (VA)

The VA loan is a $0 down mortgage option available to Veterans, Service Members, and select military spouses. VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA). Today, the VA mortgage is more important than ever.

Benefits for VA Loan


No application, processing, underwriting, or origination fees

100% Financing

No down payment required up to a $1.5MM sales price


Lower interest rates and no monthly PMI


Higher debt to income ratios and credit scores as low as 580

You may be eligible for a VA Loan by meeting one or more of the following requirements:

  • You have served 90 consecutive days of active service during wartime, OR
  • You have served 181 days of active service during peacetime, OR
  • You have 6 years of service in the National Guard or Reserves, OR
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

VA Energy Efficient Mortgage

The VA allows veterans to borrow additional money to pay for energy efficiency improvements to a home, as part of either a home purchase or a refinance. Veterans can finance up to an extra $6,000 to cover the cost of qualified improvements, like storm or thermal windows, heat pumps, and solar heating and cooling systems. Homeowners can't use this option to purchase appliances, window air conditioning units, and other non-permanent additions.

Choose your VA Loan with DMV Mortgage Group

VA Purchase Loan

Veterans and servicemembers can use the VA loan to purchase new or existing homes with a $0 down payment. VA purchase loans also allow Veterans to buy single-family homes, condominiums, manufactured homes, multi-unit properties (like a duplex), and even new construction. Policies and guidelines can vary by lender. Some lenders may not make all of these types of VA purchase loans


The VA Interest Rate Reduction Refinance Loan (IRRRL) is one of the VA loan program’s two refinance options and the one most Veteran homeowners choose. These are also known as VA Streamlines, and that’s because they’re simple, low-cost refinance loans that in some cases might not require credit underwriting, income verification, or an appraisal. The VA IRRRL is only for Veterans who currently have a VA loan, require your new rate is smaller than your old rate, and have a limit on the time it takes to recoup the costs and fees. All of which help ensure Veterans realize the full financial benefit

VA Cash-Out Refinance

The VA Cash-Out refinance allows qualified homeowners to refinance their mortgage and take out cash from their home’s equity. These loans are open to Veterans with and without current VA loans. Qualified homeowners can typically refinance up to 90 percent of their home’s value. Lending guidelines and loan-to-value requirements can vary by lender. Homeowners are not required to take out cash with these loans, which means Veterans with non-VA mortgages can use this option as a basic rate-and-term refinance.

Questions or Ready to Get Started