Home Loan Guaranty

Veterans Affairs (VA) guarantees loans made to service members, veterans, reservists and eligible surviving spouses for the purchase or refinancing homes, condominiums and manufactured homes. VA guarantees part of the total loan, permitting the purchaser to obtain a mortgage with a competitive interest rate. With a VA guaranty, if the borrower fails to repay the loan, the VA will pay the loan up to the guaranteed amount.

Uses for Veterans Affairs Loan

A VA loan guaranty can be used:
  • Build a home
  • Buy and improve a manufactured home lot
  • Buy a manufactured home with or without a lot
  • Buy a residential condominium
  • Install a solar, heating or cooling system, weatherization or other improvements
  • Purchase and improve a home
  • Refinance an existing home loan
  • Refinance an existing VA loan
  • Refinance a manufactured home loan to acquire a lot
  • Repair, alter, or improve a home
  • To buy a home


To be eligible, applicants must have a good credit rating, have an income sufficient to support mortgage payments, and agree to live in the property.