VA Loans 2026: Requirements, Benefits & How to Apply
VA Loans 2026: Requirements, Benefits & How to Apply VA loans are one of the best benefits for veterans and military members — 0% down payment, no PMI, competitive rates, and flexible credit requirements. This guide explains VA loan requirements, benefits, and how to apply in 2026. What Is a VA Loan? Mortgage guaranteed by the US Department of Veterans Affairs (VA). Not a direct loan: VA guarantees loans from approved lenders. Why best: 0% down, no PMI, no prepayment penalty, competitive rates, assumable. Who qualifies: Veterans, active-duty military, National Guard/Reserves, surviving spouses. VA Loan Benefits (Why It's the Best Loan) 0% down payment: No down payment required. Save $60K on $300K home (vs. 20% conventional). No PMI: Save $150-$300/month (vs. conventional with under 20% down). Competitive rates: Typically 0.5-1% lower than conventional. No prepayment penalty: Pay off early, no penalty. Assumable: Buyer can assume your loan (if VA-eligible). Flexible...