VA Loans — Zero Down Payment Mortgages for Veterans
VA home loans guaranteed by the U.S. Department of Veterans Affairs. 100% financing with no down payment required for eligible veterans and active-duty service members.
What Are VA Loans?
VA loans are guaranteed by the U.S. Department of Veterans Affairs and offer 100% financing with no down payment required. Eligible borrowers include veterans, active-duty service members, National Guard and Reserve members, and surviving spouses who meet specific service requirements.
Unlike conventional and FHA loans, VA loans do not require private mortgage insurance (PMI). This can save borrowers hundreds of dollars per month. The VA funding fee, which ranges from 1.25% to 3.3% of the loan amount, can be financed into the loan and is waived for veterans receiving VA disability compensation.
In the DC metro area, which has a large military and veteran population, VA loans are an excellent option. Northern Virginia is home to Fort Belvoir, the Pentagon, and Quantico, making VA loans especially relevant for military families in Virginia, Maryland, and Washington DC.
Frequently Asked Questions
What is a VA loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs. It offers 100% financing with no down payment required for eligible veterans, active-duty service members, and surviving spouses.
How do I get a free mortgage quote?
You can get a free mortgage quote by using our online Loan Qualifier tool. Fill out your basic information and receive personalized loan options in minutes with no obligation.
Do you serve Virginia, Maryland, and Washington DC?
Yes, Loans with Nixon is licensed to offer FHA, VA, conventional, jumbo, and Non-QM mortgage loans in Virginia, Maryland, and Washington DC. Call 703-303-3000 to speak with a licensed loan officer.