VA mortgage loans are available for eligible Veterans and are guaranteed by the US Department of Veteran Affairs. VA loans typically do not require a down payment and can be used for the purchase, construction, or approved energy saving improvement of a home. VA loans are similar to FHA loans in that they have similar credit and eligibility requirements, often with lower closing costs and more liberal terms. In addition to being available to service members, the unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability may also qualify. Once you have qualified, the VA will issue you a certificate of eligibility to provide to your lender during the loan application process.