VA Loans in Texas and Colorado
VA loans are mortgage programs for eligible veterans, active-duty service members, and surviving spouses. The VA program generally has no required down payment for eligible borrowers; terms and eligibility vary.
Who VA Loans Are For
- Veterans
- Active-duty military
- Eligible surviving spouses
This option is commonly used by LGBTQ+ buyers and non-traditional households when structured correctly. Learn more about LGBTQ+ homebuyer guidance →
How VA Loans Work
- 1.No down payment required by the program in most cases (eligibility and entitlement apply)
- 2.No monthly mortgage insurance (a one-time VA funding fee usually applies unless you're exempt)
- 3.Competitive interest rates
Basic Requirements
- Certificate of Eligibility (COE)
- Primary residence
- Acceptable credit profile
VA Loans vs FHA Loans
VA loans typically offer better terms than FHA loans for eligible borrowers, including no program-required down payment and no monthly mortgage insurance. FHA loans remain a strong alternative for buyers who do not qualify for VA benefits but still need flexible credit guidelines and lower down payment options.