Veterans Affairs (VA) loans are available to eligible active duty or retired military service members and their spouses. VA loans allow you to buy a home with zero down payment and usually don’t require you to get private mortgage insurance (PMI), which means those who qualify can afford more house than they would with a conventional bank loan. The amount you can afford with a VA loan varies depending on your finances, so you would need to use a VA loan calculator to gauge how much you can afford.