What is a VA Loan?

Use the resources below to learn more about Veterans Affairs loans vs conventional loans

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Loan Information

A Veterans Affairs (VA) loan is a mortgage loan that is specifically designed for military personnel, veterans and military families. It is guaranteed by the U.S. Department of Veterans Affairs and is a home mortgage loan issued by approved lenders, such as Heidi Todd, and is guaranteed by the federal government.

If you or your spouse have served or are presently serving in the U.S. military, you might be eligible for a VA loan. A VA loan offers long-term financing with three types of loans: purchase loans, interest rate reduction refinance loans and cash-out refinance loans. No down payment is needed to purchase a home with a VA loan.

Loan Down Payments

VA Loans

0% Down (for qualified borrowers): VA Loans are among the last 0% down home loans available on the market today.

Conventional Loans

Up to 20% Down: Conventional loans generally require down payments that can reach up to 20% to secure a home loan, pushing them out of reach for many homebuyers.

Private Morgage Insurance (PMI)

VA Loans

No PMI: Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.

Conventional Loans

PMI Required: Private Mortgage Insurance is a requirement for borrowers who finance more than 80% of their home’s value, tacking on additional monthly expenses.

Interest Rates

VA Loans

Competitive Interest Rates: The VA guaranty gives lenders a greater degree of safety and flexibility, which typically means a more competitive rate compared to non-VA loans.

Conventional Loans

Increased Risk for Lenders: Without government backing, banks are taking on more risk which, in turn, can result in a less-competitive interest rate on your home loan.


VA Loans

Easier to Qualify: Because the loan is backed by the government, banks assume less risk and have less stringent qualification standards for VA Loans, making them easier to obtain.

Conventional Loans

Standard Qualification Procedures: Conventional options hold stricter qualification procedures that can put homeownership out of reach for some homebuyers.

Get Today's VA Home Loan Rates!

The Team

We have an amazing team that is not only well qualified in helping with refinancing and home loans but also understands on a personal level what it is like to be a part of the military lifestyle. Get to know each team member below!

Heidi Todd

Mortgage Loan Officer

As the wife of a retired member of the United States Air Force, I have a great appreciation for those who serve and their families. It gives me great pleasure to assist military members and their families with their home loan needs. I look forward to helping you become a homeowner or assisting you with a refinance. My team and I will work hard to make the process a smooth one!

Gina Aguilera

My husband is currently serving in the United States Army. I am a Family Readiness Group Leader for the unit that my husband is presently Company Commander. I enjoy working with service members and their families, helping them to achieve their dreams of owning a home or refinancing their current mortgage to improve their financial situation.

NMLS ID #117812

I am authorized to conduct business in the state of Idaho. Branch NMLS ID 1660690