VA loans are mortgage options backed by the U.S. Department of Veterans Affairs designed to help eligible veterans, active-duty service members, and certain members of the National Guard and Reserves purchase homes. These loans typically require no down payment, making homeownership more accessible for those who have served in the military. Additionally, VA loans often come with competitive interest rates and do not require private mortgage insurance (PMI), which can save borrowers money over time. The program aims to provide financial assistance and promote homeownership among military families, contributing to their overall well-being and stability.