What types of VA loans are available?

VA purchase loans, Interest Rate Reduction Refinance Loans (IRRRL), VA cash-out refinances, VA one-time-close construction loans, VA jumbo loans, and VA-eligible energy efficient mortgage add-ons.

The Interest Rate Reduction Refinance Loan is a streamline refinance of an existing VA loan. It generally requires no appraisal and no income documentation, and carries a reduced 0.5% funding fee.

Can I get cash out with a VA loan?

Yes. A VA cash-out refinance allows you to tap home equity, often up to 100% of the home's value depending on lender guidelines, and can also be used to refinance a non-VA loan into a VA loan.

Can I build a home with a VA loan?

Yes. The VA one-time-close construction loan finances the build and the permanent mortgage in a single closing with one set of costs and one locked rate.

What property types can I buy with a VA loan?

Single-family homes, VA-approved condos, 2-4 unit properties when you occupy one unit, manufactured homes on permanent foundations, and new construction. The home must be your primary residence.

What is the difference between a VA IRRRL and a VA cash-out refinance?

An IRRRL, or Streamline, lowers the rate on an existing VA loan with minimal documentation and usually no appraisal, but returns no cash. A VA cash-out refinance requires full underwriting and an appraisal and can pay off a non-VA loan or return equity as cash.

Can I use a VA loan for a duplex or fourplex?

Yes. VA financing covers one- to four-unit properties as long as you occupy one unit as your primary residence. This is a common strategy near JBSA, where the other units help cover the payment when you PCS.

Can a VA loan be used for a manufactured home or land?

VA does allow manufactured-home and lot financing, but investor appetite is limited and requirements are strict, including permanent foundation and title elimination. We tell you up front whether a specific property is financeable before you write an offer.

Loan Options

Types of VA Loans

Discover all the ways a VA loan can help you purchase, refinance, or renovate your home—no down payment required

✓Veteran-Owned

✓Top 1% Nationwide

✓2,500+ Families Served

Loan Options

VA Loan Types Available

VA Purchase Loan

The most common type of VA loan, used to purchase a primary residence with no down payment required.

No down payment required
Competitive interest rates
No private mortgage insurance (PMI)
Flexible credit requirements
Can be used for single-family homes, condos, and multi-unit properties

VA IRRRL (Streamline Refinance)

Interest Rate Reduction Refinance Loan helps lower your interest rate with minimal documentation.

Streamlined application process
Lower interest rates
Minimal documentation required
No appraisal needed in most cases
Can refinance closing costs into the loan

VA Cash-Out Refinance

Tap into your home's equity by refinancing for more than you owe and receiving the difference in cash.

Access home equity for any purpose
Consolidate high-interest debt
Finance home improvements
Up to 100% loan-to-value available
No PMI required

VA Renovation Loan

Finance both the purchase and renovation costs in a single loan for fixer-upper properties.

One loan for purchase and renovations
No down payment required
Improve property value
Energy-efficient improvements encouraged
Simplified closing process

Native American Direct Loan (NADL)

Specialized VA loan for eligible Native American veterans purchasing on Federal Trust Land.

Direct loan from the VA
For homes on Federal Trust Land
No down payment required
Competitive interest rates
No PMI required

Adapted Housing Grants

Special grants for veterans with service-connected disabilities to modify or purchase adapted homes.

For veterans with service-connected disabilities
Grants (not loans) up to $101,754
Can be used to adapt existing home
Or purchase specially adapted housing
No repayment required

Ready to Choose Your VA Loan?

Our VA loan experts will help you find the perfect loan type for your situation