Loan Types
How do VA loans work and who qualifies?
Context
VA loans offer some of the strongest terms available, but only for borrowers who meet military-service eligibility.
The short answer
VA loans are for eligible veterans, active-duty service members, and certain surviving spouses. They can offer 0% down and no monthly mortgage insurance.
Things to keep in mind
Most VA loans charge a one-time VA funding fee (waived for some borrowers), and you will need a Certificate of Eligibility.
Next step
DMF places VA loans through wholesale lenders and helps you compare them to other options — contact us to check your eligibility.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.