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VA Loans (Federal)

Georgia

Last verified
See what you qualify forOfficial program site →
Repayment

Grant

Not repaid

What is VA Loans (Federal)?

VA Loans (Federal) is gift funds for homebuyers in Georgia.

  • VA Home Loans are federal mortgage benefits available to eligible veterans, active-duty servicemembers, National Guard/Reserve members, and surviving spouses. VA loans offer 100% financing with no down payment required, no private mortgage insurance (PMI), limited closing costs, and competitive interest rates backed by the U.S. Department of Veterans Affairs.
  • $0 down payment required.
  • no private mortgage insurance (PMI).
  • competitive interest rates.
  • limited closing costs (seller can pay up to 4% in concessions).
  • no prepayment penalty.
  • VA funding fee can be financed into loan.
  • reusable benefit for qualified veterans.
  • Funding comes from Federal.

Do you have to pay it back?

VA Loans (Federal) is structured as a grant, so it is not repaid.

  • The assistance is recorded in 1st Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

VA Loans (Federal) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: No minimum credit score set by VA; individual lenders typically require 580-620
  • Citizenship or immigration status: No Requirement
  • Must have a valid Certificate of Eligibility (COE); eligible borrowers include veterans, active-duty servicemembers (90+ days continuous active duty), National Guard/Reserve members (6+ years service or 90+ days active duty), and surviving spouses of veterans who died in service or from a service-connected disability; property must be primary residence; VA funding fee required (may be financed)

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What kind of home can it be used for?

VA Loans (Federal) can be used for Single Family, Condo, Townhouse, 2-4 Unit, Manufactured Home, and New Construction.

  • New construction is eligible.
  • Manufactured homes are eligible.

Where does it apply?

VA Loans (Federal) serves buyers purchasing anywhere in Georgia.

How do you apply?

Applications for VA Loans (Federal) go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

    Funds are reserved through N/A, and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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