Is a Down Payment
Required for a VA Mortgage

The VA Loan program does not typically require a down payment when purchasing a home. 100% financing is available and there is not monthly mortgage insurance on a VA Mortgage.

Veteran home buyers will still have closing costs associated with their home purchase and VA Home Loan. However, the VA guidelines allow for the home seller to pay up to 4% of the purchase price towards the Veteran home buyer’s closing costs. We can advise you or your real estate agent on how to properly write the home purchase contract for the seller to pay closing costs. Doing this will minimize the Veteran home buyer’s cash required to close on the home.