how a va loan works
va loans help active service members veterans and their surviving spouses become homeowners they provide up to 100 financing on the value of a home eligible borrowers can use a va loan to purchase or build a home improve and repair a home or refinance a mortgage 1the va sets the qualifying standards dictates the terms of the mortgages offered and backs the loan but doesn t actually offer the financing instead va home loans are provided by private lenders such as banks and mortgage companies 1