Consumer Comeback Blog

Credit Score Glossary: VA Loan

VA Loan: A mortgage loan to help veterans and their families obtain home financing.

Established by the U.S. Dept. of Veteran Affairs, VA loans offer up to 100% financing on a home’s value, with no down payment required. Debt ratio plays a factor in VA Loan eligibility, so it’s best for veterans to clean up their credit before applying. Other eligibility qualifications apply as well.