What Are the Requirements of a VA Loan?

You may qualify for a VA loan if one of the following applies to you:

  • You are a current active duty service member or a veteran who was honorably discharged. You must have completed at least 90 consecutive days of active service during wartime or 181 days of active service during peacetime.

  • You have served at least 6 years in the National Guard or the Selected Reserve.

  • You are the spouse of a service member who died in service or from a service-related disability, and you have not remarried.

The VA loan does not require a down payment or mortgage insurance. A funding fee is required to defray the cost of the loan.