Key Program Features
VA Home Loan
- Owner-Occupied Only
- Credit Score: 500+
- Max LTV: 100%
- Non-Traditional Credit Allowed
- Max Seller Concession: 4%
- Property Types: SFR, PUD, Condo, 2–4 Units, Modular, Manufactured (post-1976)
- Max Loan Amounts:
- 1 Unit: $806,500
- 2 Units: $1,032,650
- 3 Units: $1,248,150
- 4 Units: $1,551,250
VA Home Loans in Chicago – Zero Down for Veterans & Service Members
If you’re a veteran, active-duty military member, or eligible surviving spouse in Chicago or the surrounding suburbs, a VA Loan can help you purchase a home with no down payment and flexible qualification guidelines. This benefit is one of the most powerful home financing tools available for those who served.
Top Benefits of the VA Loan Program
Zero Down Payment
Buy a home with 100% financing and no down payment required.
Low Credit Score Flexibility
Get approved with credit scores as low as 500 with supporting factors.
Broad Property Eligibility
Includes SFR, condos, townhomes, manufactured homes, and multi-units.
No Private Mortgage Insurance
Eliminate costly monthly PMI premiums and save money long term.
Who This Loan Helps
- ✔️ Veterans and active-duty service members
- ✔️ Eligible National Guard or Reserve members
- ✔️ Surviving spouses with VA eligibility
- ✔️ Buyers with limited funds for down payment
Apply for a VA Home Loan
Start your pre-approval today and take advantage of your VA loan benefits. It’s fast, free, and designed to support those who served.
Frequently Asked Questions
Do VA loans require a down payment?
No. Qualified borrowers can purchase with 100% financing and zero down.
Can I use a VA loan more than once?
Yes. You can reuse your VA loan benefit multiple times, as long as eligibility requirements are met.
Are manufactured homes eligible?
Yes. The home must be affixed to a foundation, built after June 15, 1976, and meet VA standards.
Is PMI required on VA loans?
No. VA loans do not require private mortgage insurance, helping you save on monthly costs.