VA Purchase Loan
Buy your first home — or your next — with $0 down, no PMI, and competitive fixed rates on a VA purchase loan.
Quick answer
A VA purchase loan lets an eligible veteran, service member, or surviving spouse buy a primary residence with no down payment and no monthly PMI when they have enough entitlement. A funding fee applies unless you are exempt, and closing costs and prepaids may still apply.
Educational program overview. Whether Bolt Home Loans LLC can offer this loan to you depends on your state, eligibility, property, and underwriting approval. No rates or terms are quoted here.
The VA purchase loan is the benefit you earned. Skip the down payment, skip PMI, and close on a home that fits your life — not the bank's rulebook.
VA works on duplexes, triplexes, and fourplexes.
2–4 unit primary-residence purchases are permitted with zero down and no PMI. You occupy one unit. Prospective rent from the other units may be considered for qualifying only when VA and lender underwriting requirements are satisfied — it does not count automatically.
Read the multi-family playbook → or run the house-hack calculator →
The benefit doesn't end with the veteran.
An unremarried surviving spouse — plus two important remarriage exceptions — may be able to use the VA loan with no down payment, no monthly PMI, and a funding-fee exemption. Closing costs, prepaid taxes and insurance, and escrows may still apply. Eligibility is confirmed through a VA eligibility determination.
Pair your purchase with the SAH grant.
Buying a home that needs ramps, roll-in showers, or other disability-related adaptations? SAH provides up to $126,526 in FY 2026 for a VA-approved plan under 38 CFR § 36.4402(a) — acquiring, constructing, or adapting a suitable housing unit, or assistance where a suitably adapted unit was already acquired. VA approves eligibility and use; grant approval and loan qualification are separate.
Finance solar, HVAC, and insulation with the EEM.
The VA Energy Efficient Mortgage lets you roll energy improvements into your purchase loan. Documentation requirements scale with project cost, and underwriting, appraisal, and lender overlays may apply.
Buying out a spouse's equity with an Owelty lien.
If you're keeping the marital home and need to pay your spouse their share of the equity, in Texas an owelty lien created by court order or written agreement may secure that obligation without refinancing the existing loan. The lien, deed, or divorce decree does not by itself release either spouse from the existing mortgage debt; a release or assumption requires a separate servicer, lender, and—where applicable—VA process. Availability and legal treatment depend on state law, the decree, title requirements, and lender approval.
What you get
- No down payment required
- No monthly private mortgage insurance
- No down payment in most cases, subject to VA review and applicable fees
- VA funding fee can usually be financed; some borrowers are exempt
- VA sets no minimum credit score; lenders set their own
How it works
- 1Start a prequalification inquiry.No commitment. Real numbers. Submitting this inquiry does not authorize a credit pull.
- 2Get your COE.We pull it for you in most cases through the VA's system.
- 3Close with a dedicated loan officer.Timelines vary by file, property, and underwriting — your loan officer will give you a schedule specific to your transaction.