CrossCountry Mortgage supports our military families — from the past to the present and beyond. A VA loan is how we help those who've defended our country achieve homeownership.
What Is a VA Loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA). That guarantee lets lenders offer qualified veterans, active-duty military, and others more favorable terms — often with no down payment and no mortgage insurance.
VA Loan Benefits
✓Up to 100% financing — no down payment required
✓No mortgage insurance (PMI)
✓No appraisal needed on VA Streamline Refinance loans
✓VA limits your closing costs
✓Sellers may pay closing costs (up to 4%)
✓No prepayment penalty
Who It's For
✓Veterans who meet service requirements
✓Active-duty military (90+ continuous days)
✓National Guard & Reserve members
✓Surviving spouses of deceased veterans
✓Repeat users — the benefit is reusable
VA Loan Types
Purchase
100% financing available, with seller contributions up to 4% for closing costs.
Refinance
IRRRL (Streamline) or Cash-Out Refinance — low-cost options that may not require credit underwriting, income verification, or an appraisal.
Renovation
Repair windows, roofing, plumbing, electrical, HVAC, and more with a VA Renovation loan.
Construction
Build your dream home with a VA one-time close loan.
Requirements at a Glance
- Valid Certificate of Eligibility (COE)
- Sufficient income and suitable credit
- Home must be your primary residence
- Discharged under conditions other than dishonorable
- Service requirements vary by era — from 90 days to 24 months
- VA funding fee applies (waived for some disabled veterans)
Pros & Cons
Pros
- 100% financing — no down payment
- No mortgage insurance
- Competitive interest rates
- No prepayment penalty
- Reusable benefit
Cons
- VA funding fee (unless waived)
- Primary residence only
- Must meet VA service requirements
Jimmy's tip: Bring your DD-214 or current orders and we'll pull your Certificate of Eligibility — usually the same day. Many buyers are surprised how much they qualify for.
VA Loan FAQs
Straight answers to the questions borrowers ask most. Your loan officer is always your best resource for your specific situation.
What is a VA loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs. That guarantee helps lenders offer favorable terms — including 100% financing and no private mortgage insurance — to qualified veterans, active-duty service members, and eligible surviving spouses.
Do VA loans require a down payment?
Typically no. VA loans offer up to 100% financing, meaning qualified borrowers can buy a home with zero down payment.
Do VA loans require mortgage insurance?
No. VA loans don't require private mortgage insurance (PMI) or monthly mortgage insurance — a major savings versus conventional and FHA loans.
Who is eligible for a VA loan?
Veterans, active-duty military, National Guard and Reserve members, and eligible surviving spouses — provided they have a valid Certificate of Eligibility (COE) and meet service requirements.
What is a Certificate of Eligibility (COE)?
A COE is the VA document that verifies your service history and confirms your eligibility for the VA loan benefit. Jimmy and his team can request it on your behalf.
Can I reuse my VA loan benefit?
Yes. As long as you remain in good standing (no foreclosure), you can use the benefit again on future home purchases.
CrossCountry Mortgage, LLC · NMLS #1444822 · Equal Housing Lender
This page is for informational purposes and is not a commitment to lend. Program availability, guidelines, rates, and terms vary and are subject to change. Your rate may vary. Terms apply.