Overview
VA loans help make homeownership more affordable for veterans and military personnel. They have competitive interest rates, no down payments for many veterans, low minimum credit score requirements, and no mortgage insurance, which make them a cost-effective option for veterans.
VA loans can help you buy a home, refinance a home, or get cash from your home’s equity to spend on renovations or education. They are backed by the Department of Veterans Affairs (VA) and offered by private lenders like Freedom Mortgage!
We can help you understand the benefits of VA loans and empower you on your homeownership journey.
* Freedom Mortgage was named the #1 VA lender by Inside Mortgage Finance, 2021.
VA Home Purchases
- Veterans, active-duty personnel, and surviving spouses can qualify
- Competitive interest rates
- 0% down payments for many VA homebuyers
- Minimum credit score as low as 600
- No mortgage insurance
- One-time funding fee for most veterans

VA Refinances ("IRRRL")
- Homes with existing VA loans can qualify for easier refinances
- Competitive interest rates
- Hassle-free process with less paperwork and faster closings
- Easy credit score qualification
- No mortgage insurance
- Low one-time funding fee for most veterans
VA Cash Out Refinances
- Get cash from the value of your home’s equity
- Homes with existing VA loans and other mortgage types can qualify if you are eligible for a VA loan
- Can finance up to 90% of home value
- Minimum credit score as low as 550
- No mortgage insurance
- One-time funding fee for most veterans
How much can you save?
Find out how much you might save by refinancing your home to a lower rate. By refinancing, the total finance charges you pay may be higher over the life of the loan. Change the default values to personalize your savings estimate!
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Refinancing might save you
$241 a month

Ask us what VA rate we can offer you!
The VA rate we may be able to offer is personal to you. Your interest rate is affected by your credit score, your income and finances, as well as the current mortgage market environment. Freedom Mortgage may be able to offer you a VA rate that is lower – or higher – than the rate you see advertised by other lenders. Ask us today what VA rate we can offer you.
Learn more about VA loans
Our VA loan education articles answer your questions about how to buy a home, refinance a home, or get cash from your home equity with a VA loan.
Benefits of the VA home loan program
How VA loans make financing a house more affordable for veterans
VA loans for disabled veterans
Do disabled veterans qualify for VA loans?
How to refinance a VA loan
Answers to your VA refinancing questions
VA loans vs. conventional loans
Learn the differences between these mortgage choices