The Department of Veterans Affairs (VA) offers home loans and grants. These programs help service members, veterans, and surviving spouses to buy, refinance, or modify their homes. The VA guarantees part of the loan, meaning they will cover a portion of the loan if you default. Doing this allows lenders, such as banks and mortgage companies, to offer you more favorable terms. Learn if You Are Eligible and How to Apply for a VA Loan Find out if you qualify for a VA home loan. You must meet the credit and income requirements and get a Certificate of Eligibility (COE). You must log on to eBenefits for the COE feature to work. Reviewing the VA home loan limits will help you understand the amount of the entitlement on your COE. Apply for a VA home loan or housing-related assistance. You can apply online, through your lender, or by mail. VA Loans and Grants for Home Improvements If you have a service-connected or age-related disability, you may be eligible for a veteran housing grant. These grants help you modify your home for disabilities related to military service or aging. You can get a VA cash-out refinance loan to access money from your home equity. This money can help you pay for home improvements, college costs, and more. VA Loans for Home Buying and Refinancing If you're planning to buy a home, check into the variety of home loans offered by the VA. The most common are VA purchase loans. This type requires no down payment and no private mortgage insurance. If you have an existing VA home loan, you can apply for an Interest Rate Reduction Refinance Loan (IRRRL) to save money with a better interest rate.