VA Loan Programs
Exclusive benefits for eligible veterans, active duty service members, and surviving spouses. ReNew Lending is proud to serve our nation's heroes.
About VA Loans
On June 22, 1944, President Franklin D. Roosevelt signed the Servicemen's Readjustment Act of 1944, commonly known as the G.I. Bill. Since then, the VA home loan program has evolved to ensure eligible service members, Veterans, and surviving spouses receive the benefits they have earned.
The VA loan program, backed by the U.S. Department of Veterans Affairs, helps eligible borrowers achieve homeownership with competitive interest rates, flexible underwriting guidelines, and the potential for zero down payment when full entitlement is available. VA refinance options also allow borrowers to lower payments, access equity, or change loan terms.
ReNew Lending is an approved VA lender, and we're honored to serve our nation's heroes.
VA Loan Benefits
Zero Down Payment
Available for eligible borrowers with full VA entitlement
No Private Mortgage Insurance (PMI)
Helps reduce monthly payments compared to conventional loans
Competitive Interest Rates
Often among the most favorable in the market
Flexible Credit Guidelines
Credit requirements evaluated holistically under VA standards
VA Eligibility Categories
Eligibility based on length and era of active-duty service
Eligibility determined by service era and length of service under VA guidelines
Veterans discharged due to a service-connected disability may qualify with reduced service requirements
Typically requires six creditable years in the National Guard with honorable service, or qualifying active-duty service
Typically requires six creditable years in the Selected Reserve with honorable service, or qualifying active-duty service
Unremarried surviving spouse of a Veteran who died in service or from a service-connected disability. Certain remarriage exceptions may apply under VA rules
Not sure about your eligibility? A Certificate of Eligibility (COE) is required to use VA loan benefits. You may apply through ReNew Lending as part of the loan process, or apply directly through the VA and provide the COE with your application.
VA Program Options
Financing for eligible veterans and service members.
- Zero down payment available for eligible borrowers with full entitlement
- No private mortgage insurance (PMI)
- No VA-imposed loan limit with full entitlement
- Competitive interest rates
- Primary residence only
- No prepayment penalties
Simplified refinance option for existing VA loans.
- Refinance an existing VA loan
- Lower interest rate or adjust loan terms
- Reduced documentation requirements
- Streamlined process
- Available to existing VA borrowers only
Access home equity while refinancing.
- Access home equity while refinancing
- Available for VA-to-VA or non-VA-to-VA refinances
- Use funds for debt consolidation or other approved purposes
- Credit, income, and appraisal required
- Flexible underwriting under VA guidelines
Simplified refinance option for existing VA loans.
- Simplified refinance option for existing VA loans
- Reduced documentation
- No appraisal required in most cases
- Faster approval and closing timelines
- Existing VA borrowers only