Loan options
VA home loan benefits for those who served.
We are proud to help eligible veterans, active-duty service members and surviving spouses use their VA loan benefit to buy or refinance a home in New Jersey. Understanding your entitlement is the first step.
Quick answer
How does a VA loan work?
VA loans are guaranteed in part by the Department of Veterans Affairs, which allows eligible veterans, service members and certain surviving spouses to access features like no-down-payment financing in many scenarios. Eligibility depends on your service history and available entitlement, which we help confirm through your Certificate of Eligibility.
Written and reviewed by Abdel Khawatmi, Area Manager at Got Mortgages (NMLS #1712023) ·
How we support VA borrowers
What we handle so you can focus on the home search.
Certificate of Eligibility help
We help you obtain and interpret your Certificate of Eligibility so you know your entitlement before you shop for a home.
Funding fee clarity
We explain how the VA funding fee applies to your scenario, including any potential exemptions.
VA appraisal guidance
We walk you through what a VA appraisal reviews so there are no surprises about minimum property requirements.
Who can use a VA loan
VA loan eligibility generally covers veterans, active-duty service members, many National Guard and Reserve members, and certain surviving spouses. Because service history varies widely, the most reliable way to confirm eligibility is through your Certificate of Eligibility (COE), which we can help you request.
What makes VA financing distinct
VA loans are known for features like the potential for no down payment and no ongoing private mortgage insurance, which can meaningfully change the monthly payment compared to other loan types. In exchange, most VA loans include a funding fee, and the property must meet VA minimum property requirements.
- Potential for no down payment in many eligible scenarios
- No ongoing private mortgage insurance
- VA funding fee applies in most cases, with some exemptions
- VA-specific appraisal reviewing property condition and value
Entitlement and reuse of the benefit
VA entitlement can be used more than once over a veteran's lifetime, and in many cases restored after a prior VA loan is paid off or under other qualifying conditions. Understanding your remaining entitlement is important if you have used a VA loan before.
Refinancing with a VA loan
Existing VA borrowers may be eligible for a streamlined Interest Rate Reduction Refinance Loan (IRRRL), which is generally designed to be a simpler process than a full refinance, as well as VA cash-out refinancing for other financial goals.
What we review for a VA loan plan
- Certificate of Eligibility
- Remaining entitlement
- Funding fee scenarios
- VA minimum property requirements
- Condo project approval status
- Multi-unit occupancy rules
- IRRRL refinance eligibility
- VA cash-out refinance options
- Credit and income review
- Surviving spouse eligibility
Questions people actually ask
- VA loan eligibility generally extends to veterans, active-duty service members, certain members of the National Guard and Reserves, and eligible surviving spouses. Eligibility is confirmed through a Certificate of Eligibility, which we can help you obtain.
Let's confirm your VA entitlement and build a plan.
We will help you pull your Certificate of Eligibility and walk through exactly how your VA benefit applies to your purchase or refinance.
VA loan eligibility, entitlement, funding fee amounts and property requirements are established by the Department of Veterans Affairs and vary by individual circumstances. This page is informational only and not a determination of eligibility.
Educational information only. Not a commitment to lend, an offer of credit, or a guarantee of terms, approval, savings, or timing. All scenarios are illustrative and anonymized. Equal Housing Opportunity.