VA home loans help veterans buy homes at competitive interest rates. This is typically the best option for eligible veterans, active-duty military, and surviving spouses of veterans who passed as a result of a service-related injury. VA home loans require no down payment and offer flexible loan terms. These loans are guaranteed by the U.S. Department of Veterans Affairs (VA). An eligible VA borrower may use their VA home loan benefit more than once to buy or refinance their primary residence.