The Veterans Administration (VA) offers loans for eligible U.S. veterans for the purchase of a personal residence. For VA housing loan purposes, the term “veteran” includes active-duty personnel, reservists, National Guard and surviving spouses of veterans with available entitlement.

• Gifts and seller contributions accepted toward closing costs

• No down payment required

• Lower interest rates than some other programs

• Less than perfect credit can apply

• No pre-payment penalty

• No monthly private mortgage insurance