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Veterans Affairs Loans

Veterans Affairs (VA) loans were created to make housing more affordable for veterans and their families. If you served in the U.S. military or are the surviving spouse of a servicemember, a VA loan might be right for you.

What is a VA loan?

VA loans were created for veteran and active duty servicemembers, Reserve and National Guard members and surviving military spouses. While Citi offers these loans, they’re guaranteed by the Department of Veterans Affairs. This means VA loans often carry more flexible terms, including lower interest rates.

Benefits

  • 0% down payment for qualified borrowers
  • Don’t require monthly mortgage insurance premiums
  • Sellers can contribute toward closing costs

Requirements

  • Offered only to U.S active duty servicemembers, qualifying veterans and surviving spouses
  • A Certificate of Eligibility (COE) to prove you qualify
  • Minimum credit score of 620

Explore other loan options

Jumbo loans

For people looking at homes in higher price ranges and in higher-cost housing markets.

Find out more about jumbo loans

Federal Housing Administration (FHA) loans

Helpful if you have a lower down payment, are self-employed or don’t qualify for a conventional loan.

Find out more about FHA loans

Conventional loans

A popular option for anyone with good credit and a down payment of 20% or more.

Find out more about conventional loans

Related Topics

Fixed vs. adjustable rate mortgages

Choosing the right type of loan for your needs is an important decision in house-buying.

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Find out what affects mortgage rates

Your credit score, the type of rate you choose and your property's location are some of the factors that make a difference.

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Calculate how much you should borrow

Use our simple home loan amount calculator to figure out how much you can borrow for a loan.

Learn More

Find the mortgage option that’s right for you.  

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