Who qualifies for a VA Home Loan?
- Veterans, active-duty service members, and some members of the National Guard/Reserves
- Surviving spouses may qualify in certain circumstances
- Must obtain a Certificate of Eligibility (COE) from the VA
Key VA Loan Benefits
- $0 down payment for most qualified borrowers
- No monthly mortgage insurance (PMI)
- Competitive interest rates and flexible credit guidelines
- Limits on closing costs; ability to negotiate seller concessions
Steps to Use a VA Loan in Maryland
- Verify eligibility and request your COE (Certificate of Eligibility)
- Get pre-approved with a VA-approved lender
- Find a VA-eligible property in Maryland and make an offer
- Complete appraisal and underwriting with VA guidelines
- Close and move in (primary residence requirement)
Important VA Loan Guidelines
- Occupancy: Home must be your primary residence
- Funding Fee: May apply unless exempt (varies by service history and down payment)
- Property types: Single-family homes, VA-approved condos, and some multi-unit properties
- Seller credits: Allowed within VA rules; can cover closing costs
Official VA Resources
For complete eligibility requirements and to apply, visit the official VA Home Loans website.
VA Loan Affordability Calculator
See how much home you can afford with VA loan benefits including $0 down and no PMI.
Mortgage Affordability Calculator
Find out how much home you can afford in Maryland
Annual Household Income
$85,000
$30K$250K$500K
Monthly Debt Payments
$500
Include car loans, student loans, credit cards, etc.
Down Payment Available
$50,000
Interest Rate
6.50%
Special Programs
You Can Afford Up To
$285,339
$1,907/month estimated
Affordability Score
21
Needs Work
DTI Ratio: 34%
Principal & Interest
$1,488
Property Tax
$238
Insurance
$83
PMI
$98
Get Your Personalized Home Buying Report
Includes loan options, down payment assistance programs, and a custom action plan for Maryland.
Using Your VA Loan in Local Maryland Communities
Eligible Veterans and service members use VA home loans throughout Southern Maryland, including Accokeek, MD in Prince George's County and Bryans Road, MD in Charles County.