VA Home Loans are mortgage options available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. These loans are backed by the U.S. Department of Veterans Affairs, which means lenders can offer favorable terms, such as no down payment and no private mortgage insurance (PMI) requirements. The primary goal of VA Home Loans is to help veterans achieve homeownership. They typically feature competitive interest rates and flexible credit requirements, making it easier for those who have served in the military to secure financing for a home.