Home loans backed by the Department of Veterans Affairs (VA) help service members, Veterans and their spouses buy, refinance and renovate homes. Loans are often available with a no down payment option, lower closing costs, good rates and no minimum credit score. If you’re eligible for a VA loan, speaking with an experienced VA lender like Rate can help you take advantage of the savings* this program provides.
These are some of the advantages of a Rate VA mortgage.
You’ll need to verify your eligibility for a VA loan with a military Certificate of Eligibility (COE), which Rate’s specialist can help obtain. Credit requirements are flexible, but you’ll need to prove employment with income statements and tax returns.

The Department of Veterans Affairs (VA) backs several loan options for qualified borrowers. Please reach us at Dan.Munford@Rate.com if you cannot find an answer to your question.
A VA Cash-Out Refinance lets you tap into your home's equity to access cash, but credit score requirements may apply.
The VA Interest Rate Reduction Refinance Loan (IRRRL) with a complicated name offers a simple way to lower your interest rate and monthly payment. Also known as a VA streamline refinance, a VA IRRRL for borrowers who have a VA home loan has fewer steps and better terms. It is available to eligible active-duty service members, Veterans and surviving spouse.
A VA renovation loan could help you buy a fixer-upper and turn it into your dream home by combining the purchase price and home improvement costs into one loan. Backed by the U.S. Department of Veterans Affairs (VA), VA renovation loans are available with 0% down payment and low interest rates. You can even finance your VA funding fee and closing costs, saving more money upfront.
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