VA Home Loan Home Requirements: Everything You Need to Know


If you’re a veteran or an active-duty service member looking to purchase a home, you may be eligible for a VA home loan. These loans not only offer competitive interest rates but also require no down payment and have no minimum credit score requirements. However, obtaining a VA home loan comes with specific requirements that you need to meet. In this article, we’ll discuss everything you need to know about VA home loan home requirements.

As a veteran or active-duty service member, you have served our country and protected our freedom. Your dedicated service makes you eligible for a range of benefits, and a VA home loan is one of them. VA loans are backed by the Department of Veterans Affairs and are designed to make homeownership more accessible to veterans and their families. They offer loans with competitive interest rates, no down payment, and no private mortgage insurance (PMI) requirements.

Since VA loans have stricter requirements than conventional loans, it’s essential to understand the eligibility criteria and requirements before applying for one. In the following paragraphs, we’ll break down everything you need to know.


Before applying for a VA home loan, you must confirm your eligibility. The eligibility requirements for VA home loans vary depending on your service status and length of service. The following are the key eligibility criteria for a VA home loan:

Service Member Status
Length of Service Required
90 consecutive days of active duty
Active-duty Service Members
90 consecutive days of active duty
National Guard or Reserve Members
6 years of service
Spouses of Service Members
Must be an un-remarried surviving spouse of a veteran who died while in service or from a service-connected disability or a spouse of a service member missing in action or a prisoner of war

Additionally, you’ll need to obtain a Certificate of Eligibility (COE) to confirm your eligibility. You can obtain this online through the VA’s eBenefits system or by submitting Form 26-1880 to the VA.

Property Requirements

Now that you’ve confirmed your eligibility, it’s time to move to the next step, which is to find a property that meets the VA’s requirements. The VA has specific requirements for the properties they will finance, which include:

The Property Must Be Your Primary Residence

The VA only finances primary residences, which means you can’t use a VA loan to purchase an investment property or vacation home. You need to have the intention of occupying the property as your primary residence within 60 days of closing.

The Property Must Meet Minimum Property Requirements (MPRs)

The property must meet the VA’s MPRs, which ensure the property is safe, structurally sound, and in good condition. The MPRs include:

  • Heating system
  • Roofing
  • Foundation
  • Water supply
  • Electricity
  • Termites
  • Adequate living space

Properties in Condominiums, Cooperatives, or Multifamily Units

If you’re purchasing a condominium, cooperative, or multifamily unit, the property must be VA-approved. The VA maintains an online database of approved properties that you can access through their website.

Terms of Purchase

You can use a VA loan to purchase a new or existing property, and it can also be used for construction loans or to refinance an existing mortgage. The VA only finances homes that meet their property requirements, and the purchase price must be reasonable compared to the home’s value.

VA Funding Fee

One of the unique aspects of VA loans is the funding fee. The funding fee is a one-time fee that’s added to your loan amount and can be financed into the loan. The fee varies depending on the loan amount and whether you’ve used your VA loan benefit before. The funding fee ranges from 1.4% to 3.6%, and the fee can be waived if you have a service-connected disability.


1. Can I use a VA loan to buy a second home?

No, you can only use a VA loan to purchase your primary residence.

2. Can I use a VA loan to purchase a rental property?

No, you can only use a VA loan to purchase your primary residence.

3. Are there any loan limits for VA loans?

Yes, the loan limit varies by county and is adjusted annually. You can check the loan limit for your county on the VA’s website.

4. Do I need to pay PMI with a VA loan?

No, VA loans do not require private mortgage insurance.

5. Can I use a VA loan to buy a fixer-upper?

Yes, you can use a VA loan to purchase a fixer-upper, but the property must meet the VA’s MPRs and be appraised for the value after any renovations are completed.

6. Can I use a VA loan to refinance my existing mortgage?

Yes, you can use a VA loan to refinance your existing mortgage.

7. Can I use a VA loan to purchase a foreclosed property?

Yes, you can use a VA loan to purchase a foreclosed property as long as it meets the VA’s property requirements.

8. Can I use a VA loan if I have bad credit?

While VA loans do not have a minimum credit score requirement, most lenders will require a credit score of at least 620. However, some lenders may be willing to work with borrowers with lower credit scores.

9. How long does it take to get a VA loan?

The timeline for obtaining a VA loan varies, but it typically takes between 30 to 45 days.

10. How much of a down payment do I need for a VA loan?

You don’t need a down payment for a VA loan.

11. Can I use a VA loan to buy a mobile home?

Yes, you can use a VA loan to purchase a manufactured home as long as it meets the VA’s MPRs.

12. Do I need a home inspection for a VA loan?

While a home inspection is not required, it’s highly recommended to ensure the property meets the VA’s MPRs.

13. How do I apply for a VA loan?

You can apply for a VA loan through a VA-approved lender or the VA’s eBenefits system.


VA loans offer an excellent opportunity for veterans and service members to purchase a home with little to no money down and competitive interest rates. However, before applying, it’s important to understand the VA’s requirements for both eligibility and property. By following the guidelines above, you can take the first step towards homeownership and securing your financial future.

Now that you know everything you need to know about VA home loan home requirements, it’s time to take action. If you’re eligible for a VA loan, start the process today by confirming your eligibility and finding a VA-approved lender to help guide you through the process. Don’t hesitate; apply for a VA home loan today, and start living the American dream!

Closing Disclaimer

The information provided in this article is intended for informational purposes only and should not be construed as legal, financial, or professional advice. The opinions expressed in this article are solely those of the author and do not necessarily reflect the views of the Department of Veterans Affairs or any other organization. Please consult with a professional before making any financial or real estate decisions.