1
We’ll connect you with an Admiral-Certified Real Estate Agent*
in your area.
Give us a call or complete the form and we’ll match you with your Agent — one who knows what home means to a Veteran.
Let us help you
buy a new home
With NewDay Home, Veterans won’t need to come up with a single dollar for a down payment. Not a single dollar for closing costs. Not a single dollar. Period.
I want to buy a home I want to buy a home
Call to ask about an Admiral-Certified Agent* in your area:800-405-4187
4.6
TrustScore 4.6
|9333 reviews
You can buy a home without a single dollar
With the NewDay Home Program, it’s possible — and it’s exclusively for Veterans. At NewDay, your service is your down payment. And to help with other upfront closing costs, there’s the NewDay Home Advantage Loan — a personal loan designed to work with your NewDay Home Mortgage.
You can choose to use it for all or part of those costs, so you won’t need to come up with a single dollar. It’s just one more way NewDay helps make homeownership possible for Veteran families.
Getting started with NewDay Home starts with
the right real estate agent
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We’ll approve your VA Home Loan in minutes
Your agent will work with a dedicated NewDay VA Loan Expert who will do the VA loan paperwork for you and get you approved fast, so you can shop with confidence.
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We’re with you every step of the way
From home shopping all the way to closing on the home of your dreams, we keep things simple and stress-free.
You get your keys
Start making your new house a home — a place to build memories for you and your family.
1
We’ll connect you with an Admiral-Certified Real Estate Agent*
in your area.
Give us a call or complete the form and we’ll match you with your Agent — one who knows what home means to a Veteran.
2
We’ll approve your VA Home Loan in minutes
Your agent will work with a dedicated NewDay VA Loan Expert who will do the VA loan paperwork for you and get you approved fast, so you can shop with confidence.
3
We’re with you every step of the way
From home shopping all the way to closing on the home of your dreams, we keep things simple and stress-free.
You get your keys
Start making your new house a home — a place to build memories for you and your family.
Your Admiral-Certified Real Estate Agent* has your back
With NewDay Home, you’ll have an Admiral-Certified Real Estate Agent* in your area — someone who understands Veterans and knows what it means to serve. This trusted professional is ready to help you find the home of your dreams. They’ll listen. They’ll guide you. And they won’t stop until they help you find a home that feels right — no settling for second best.
* Admiral-Certified Agents have been hand-selected by NewDay for their experience with the VA home loan program. They are not employed by NewDay USA and not available in all areas. Relationships and terms are subject to agreement with licensed brokerages and agents.
How long does it take to get approved for a VA Home Loan? The answer is: Minutes.
Your Admiral-Certified Agent* will team up with a NewDay VA Home Loan Expert to make the process fast and simple. Your Loan Expert will do the VA paperwork for you and get you approved in minutes.† Yes, minutes! In as little as thirty days, you can have the keys to your new home.
† Full credit and income approval within 30 minutes of required document acceptance.
All without a single dollar out of your pocket
Why Veterans choose the NewDay Home Advantage Loan
For many Veterans, it’s the smart choice. The Advantage Loan works alongside your NewDay Home Mortgage to cover your closing costs — helping you keep your savings for furniture, moving expenses, or just peace of mind.
Using a home valued at $300,000, let’s look at the NewDay difference, comparing upfront closing costs on a typical VA Home Loan vs. the NewDay Home Mortgage with the NewDay Home Advantage:
$300,000purchase price
NewDay Home Mortgage + Advantage Loan
Amount due at closing
$0
Typical VA Home Loan
Amount due at closing
$10,500*
*$10,500 shown in the example above is based on average closing costs of 3.5% of the loan amount.
We’ll help you make the smart choice for you
Join more than 100,000 Veterans
who trust the NewDay USA team
Buy a home without a single dollar Buy a home without a single dollarRead five-star reviews from our Veterans below:
Couldn’t have been easier! NewDay employees are competent, efficient, and respectful. They make you feel like your purchase matters and keep you updated every step. Andrew treated us like VIPs. We highly recommend NewDay USA!
David S.
We HIGHLY recommend NewDay! Stuart and his team were professional, responsive, and guided us through the entire process. A few clarifications came up, but they worked hard to resolve them. We closed the same day as promised. I would suggest NewDay to anyone purchasing a home.
Tiana H.
I closed on my second home today. Pre-approval only took a few days, giving me confidence to begin my search in Florida. Joe kept me informed, requests were normal, and appraisal and water test were quickly done. NewDay charged $0 upfront, and today I’m the proud owner of my Florida residence!
Bill A.
Our loan officer Steve was outstanding. He called less than 60 seconds after I submitted my info online, and we’re closing just 17 days later! He and his team answered questions quickly and moved the process along. They exceeded expectations. We highly recommend NewDay USA.
RC
⭐️⭐️⭐️⭐️⭐️ I was approved quickly for a VA loan. The team kept me informed, cared about my questions, and worked hard to get me the best rate. Very professional, friendly, and knowledgeable. They notified me of documents right away. I love my new home and mortgage. Thank you, NewDay!
Benita P.
Are you eligible?
We honor our Veterans and are ready to help those who served get the homes they deserve.
Active-duty service member- Veteran with honorable discharge
- Reservist / National Guard with honorable discharge and sufficient time served
- Surviving spouse of an eligible deceased Veteran
- Spouse of a MIA / POW service member
“We can say YES to a Veteran, when other lenders say NO.”NewDay Home Loan FAQs
The Advantage Loan is an unsecured personal loan designed to work with your NewDay Home Mortgage. It is utilized to cover the closing costs on the purchase of your new home. Instead of paying for closing costs up front, you borrow money to cover them. This potentially provides you with greater flexibility in your homebuying decision because you can use your savings for other things.
Similar to other personal loans, it will have a monthly payment due. The monthly payment owed will be due on the same date as your NewDay Home Mortgage. You will receive a statement for your mortgage loan and a statement for your Advantage Loan at the same time every month.
The funds will be ready when you are! The amount to cover your closing costs will be available right at the time of closing your home purchase loan. Simple, seamless, and stress-free!
The Advantage Loan is specifically designed to cover closing costs for your home purchase. But here’s the good news: since you won’t need to dip into your savings for closing costs, you can use your own savings for whatever you need. Exclusive to NewDay Home, the Advantage Loan Program is designed to make homebuying easier and more accessible.
No. Because you did not close on your home, you did not obtain an Advantage Loan.
Therefore, no money is owed relating to that.
FHA loans are insured by the Federal Housing Administration and are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans. However, the absence of PMI and no down payment requirement make VA home loans particularly appealing, as they can significantly lower the upfront and monthly costs for Veterans and military families.
While not required, we generally recommend involving a Real Estate Agent to give you the peace of mind that the Agent is working for you so the contract will be constructed in your best interest. With NewDay Home, you’ll have an Admiral-Certified Real Estate Agent* in your area to help you find the perfect home.
In terms of buying a house with a VA loan, the VA home loan is designed for primary residences only. This means you cannot use a VA loan to buy a second home or an investment property. However, if you have remaining entitlement, you might be able to use a VA loan to purchase another home if you plan to make it your primary residence, even if you already have a VA loan on your current home.
Since VA loans do not have any prepayment penalties, you can pay off a VA home loan early without worrying about a prepayment fee.
The VA-backed home loan limit refers to the amount the VA will guarantee (the maximum amount the VA will pay to your lender if you default on your loan). Except under certain circumstances, the VA does not limit how much you can borrow to finance a home. If you apply and are eligible for a VA-backed home loan, you’ll receive a Certificate of Eligibility (COE). This is the document that tells lenders that you have VA home loan eligibility and entitlement.
But your lender will still need to approve you for a loan. The lender will determine the size of loan you can afford based on your:
- Credit history
- Income
- Assets (items of value such as savings, retirement, and investment accounts)
VA home loan limits are the same as the Federal Housing Finance Agency (FHFA) limits. These are called conforming loan limits and are published by FHFA. (Check current loan limits)
Generally, all Veterans using the VA Home Loan Guaranty benefit are required to pay the VA funding fee. This fee is a percentage of the total loan amount. The exact percentage depends on the type of loan, the amount of the down payment, and if this is a first-time or subsequent use of the home loan benefit.
Depending on service history and loan type, the VA funding fee is typically between 0.00% and 3.3% of the total loan amount. More information about the funding fee amount is available from the VA.
Not everyone is required to pay the VA funding fee. According to the VA, you do not have to pay the fee if you are a:
- Veteran receiving VA compensation for a service-related disability, OR
- Veteran who would be entitled to receive compensation for a service-related disability if you did not receive retirement or active duty pay, OR
- Surviving spouse of a Veteran who died in service or from a service-related disability.
Disabled Veterans who are receiving compensation for a service-related disability are exempt from the VA funding fee. Additionally, Veterans who are eligible for disability compensation for a disability but are receiving retirement or active duty pay instead, are also exempt.
Generally, there is no down payment requirement for VA purchase loans as long as the consumer stays within the loan limit for his or her geographic area and the sales price does not exceed the appraised value of the property.
Take advantage of a Zero Down VA Home Loan today with NewDay USA.
It may be possible for you to use your VA home loan benefit to apply for a VA loan to purchase a condo in a VA-approved project. Service members are often happy to learn that they can purchase a condominium with a VA home loan. However, the condominium must meet qualifying guidelines set forth by the VA.
The easiest way to determine if a prospective condo is approved by the VA is to visit the Department of Veterans Affairs condo report page. From there, you simply need to enter in the condo name or ID, the regional office with which the condo is registered, and the location of the condominium.
Apply today for a NewDay USA Zero Down VA Home Loan if you are interested in buying a condo that is eligible for a VA loan.
Veterans: Don’t miss out on this incredible opportunity
The VA Home Loan is a really great deal for Veterans. Imagine buying a home without needing a down payment, without having to pay extra each month for mortgage insurance, and getting competitive rates even if your credit score isn’t perfect.
This is a unique chance for Veterans to receive their slice of the American dream that they’re entitled to, and have sacrificed so much for.
I want to buy a home I want to buy a home
Are you getting the best VA Home Loan rates available?
Veterans — you may qualify for lower interest rates with a VA Home Loan, which can be more competitive than many conventional mortgages. With a VA loan, you can buy a home with no down payment, avoid the need for monthly mortgage insurance, and pay off your loan at any time without a prepayment penalty.
These advantages are possible because the VA guarantees a portion of the loan, which helps lenders offer favorable terms. That makes the VA loan a powerful benefit to help you save money and achieve homeownership — even if your credit isn’t perfect.
Looking for a Cash Out Loan? Learn more Learn more