VA Loans
A powerful earned benefit for those who served — no down payment, no mortgage insurance, and flexible credit requirements exclusively for veterans, active-duty, and eligible surviving spouses.
Built for Those Who Served
VA loans are a type of mortgage that is available to veterans, active-duty military members, and eligible surviving spouses. These loans are guaranteed by the Department of Veterans Affairs (VA), which means lenders are protected in case the borrower defaults on the loan. VA loans typically offer more favorable terms and interest rates than conventional loans and do not require a down payment.
In addition, VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments. VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage. Overall, VA loans provide a valuable benefit to those who have served our country and can make it easier for them to achieve the dream of homeownership.
Why VA Is Unmatched
No down payment and no mortgage insurance combined make VA the most powerful home loan benefit available — earned through service and designed to last a lifetime.
What Makes VA Stand Out
No Down Payment
VA loans require zero down payment, making it possible to purchase a home immediately without years of saving.
No Mortgage Insurance
Unlike FHA and conventional loans, VA loans never require monthly mortgage insurance — saving you hundreds every month.
Competitive Interest Rates
VA-guaranteed loans typically offer lower interest rates than conventional loans, thanks to the government backing reducing lender risk.
Flexible Credit Requirements
VA loans have more lenient credit standards than conventional loans, helping veterans with imperfect credit still qualify for great terms.
Lifetime Benefit
Your VA loan entitlement can be reused multiple times. Once earned through service, this benefit stays with you for life.
Streamline Refinance (IRRRL)
Already have a VA loan? The VA IRRRL lets you lower your rate with minimal paperwork, no appraisal, and no out-of-pocket costs.
Do You Qualify?
Basic Requirements
Great For...
Not sure if you qualify for VA? Stevenson specializes in helping veterans navigate their benefits. One quick call is all it takes to confirm your eligibility and get started.
VA vs. Conventional
| Feature | VA Loan | Conventional Loan |
|---|---|---|
| Minimum Down Payment | $0 | 3% – 20% |
| Minimum Credit Score | No minimum (lender varies) | 620+ |
| Mortgage Insurance | ✔ None required | Required if <20% down |
| Debt-to-Income Ratio | Up to 41%+ | Up to 45% |
| Funding Fee | One-time (waived for disabled vets) | None |
| Seller Concessions | Up to 4% | Up to 3% – 9% |
| Property Requirements | VA appraisal required | Standard appraisal |
| Best For | Veterans & military families | Non-military buyers |
Your Path to Closing
Apply & Pre-Qualify
Complete a simple application online. We verify your military service, obtain your Certificate of Eligibility (COE), and review your full financial picture.
Conditional Approval
Receive a pre-approval letter showing sellers you're a serious buyer backed by your VA entitlement.
Find Your Home
Shop with confidence. Your pre-approval tells you exactly how much house you can buy.
Close & Get Keys
We handle underwriting and coordinate closing so you can move in without the stress.
Let's Unlock Your VA Benefits Today
You've earned this benefit through your service. Let Stevenson help you use it to its full potential — no down payment, no mortgage insurance, just the home you deserve.