VA-Backed Home Loan Guarantee

About This Program

VA-backed home loans allow eligible veterans, service members, and surviving spouses to purchase or refinance a home with 0% down payment, no private mortgage insurance, and competitive interest rates. The VA guarantees a portion of the loan, enabling lenders to offer favorable terms. Veterans in the Birmingham area can contact the Birmingham VA Medical Center for referrals to approved lenders.

No down payment required; savings vs. conventional loan can be substantial.

Key Details

• 0% down payment for eligible veterans and service members
• No private mortgage insurance (PMI) required
• Competitive fixed and adjustable interest rates
• Can be used for purchase, construction, or refinance
• Contact Birmingham VA at 205-933-8101 for lender referrals

How to Apply

Deadline: No deadline; apply through VA-approved lender