VA Loan Uses

Uses Available for VA Home Loans

Eligible veterans or active military members can use their VA benefits to obtain a VA home loan. The loan can be used for a variety of purposes, not solely for purchasing a house.

Other uses for VA home loans aside from purchasing a home are to purchase a townhouse or condominium. In order to use the VA loan for this purpose, however, the unit must be in a project that is approved by the VA. Also, a manufactured home and/or the lot for the home can be purchased with a VA home loan as well.

Additional uses for a VA loan are to build a home or make improvements to a home while also purchasing it. Energy related improvements to an existing home are also an acceptable use for a VA home loan. Examples of energy related improvements include water heaters, insulation, storm windows/doors, weather-stripping, etc.

Finally, refinancing is another option. A VA loan can be used when refinancing an existing home loan or to refinance an existing VA loan to get a lower interest rate. The existing home loan can be refinanced for up to 90% of the VA-established value of the home.

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Select Loan Type

Home Purchase Home Refinance

Which state is the property located?

Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict Of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevada (Not Available)New HampshireNew Jersey (Not Available)New MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWest VirginiaWisconsinWyoming

How much would you like to borrow?

What is the value of your home?(an estimate is fine)

Select Loan Amount... under $60,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 $320,000 $340,000 $360,000 $380,000 $400,000

What is your current mortgage rate?

Current Rateunder 4.5% 4.5%4.75%5%5.25%5.5%5.75%6%6.25%6.5%6.75%7%7.25%7.5%7.75%8%8.25%8.5%8.75%9%9.25%9.5%9.75%10% over 10%

How much do you currently owe?

Select your mortgage balance under $60,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 $260,000 $280,000 $300,000 $320,000 $340,000 $360,000 $380,000 $400,000

Veterans United Home Loans NMLS #1907 | Equal Housing Lender | VA Approved Lender | Not a government agency

When do you plan to purchase?

Select a Purchase Timeframe Within a Month In 2-6 Months Over 6 Months

Have you found a home to purchase?

Already found a home? Yes No

Your Military Status

Select a Military Status Active Duty Veteran Reserves/National Guard Retired Spouse No Military Experience

Do you currently have a VA Loan?

Currently have VA Loan? No Yes

Current Credit Score:

SelectExcellent (720+)Good (680-720)Fair (620-680)Poor (Below 620)I don't know

Veterans United Home Loans NMLS #1907 | Equal Housing Lender | VA Approved Lender | Not a government agency

• First Name

  Last Name

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By submitting, I agree to receive calls or texts at this number from Veterans United Home Loans, its affiliates, and lenders, agents and home-services providers about real estate matters even if they use an autodialer and even if I am on a Do Not Call List. I agree to accept delivery of documents electronically; I agree to the privacy policy and terms. Consent is not a condition of service.

Veterans United Home Loans NMLS #1907 | Equal Housing Lender | VA Approved Lender | Not a government agency

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VA Home Loans

VA Refinance

VA Loan FAQs