A VA mortgage loan is a home loan program that is guaranteed by the United States Department of Veterans Affairs (VA) and is designed to help veterans, active-duty service members, and their families to purchase or refinance a home. This program is aimed at providing affordable financing options to eligible borrowers who have served or are currently serving in the military. The VA mortgage loan offers several benefits such as no down payment, no private mortgage insurance, and competitive interest rates. Additionally, the program offers flexible credit requirements and does not require a minimum credit score. To qualify for a VA mortgage loan, the borrower must have a valid Certificate of Eligibility (COE) and meet certain service requirements. The property must also meet the VA’s minimum property requirements. Overall, the VA mortgage loan program is a great option for eligible borrowers who are looking to purchase or refinance a home.