When you apply for a mortgage backed by the U.S. Department of Veterans Affairs (VA), you'll still want to determine how much you can afford on a monthly basis and shop for competitive interest rates, just as any potential homeowner would.

VA mortgages offer lower down payments, more favorable qualifying criteria, and options for those with less-than-perfect credit or no formal credit history

  • Purchase a new home with no down payment
  • Choose from a fixed-rate or adjustable-rate mortgage
  • Qualify with no maximum income limitation
  • Pay some or all of your loan balance in advance without a prepayment penalty

A Flagstar Bank lending expert can help you select the right loan and terms for your situation. Call a mortgage specialist at (855) 372-5626.

After you close on your new loan, you can check your balance and make your payment online through our MyLoans system.