A VA home loan is a special type of mortgage guaranteed by the U.S. Department of Veterans Affairs (VA). It’s only available to qualified borrowers as a part of their military benefits — this generally includes active-duty servicemembers and veterans, though in special cases military spouses may also qualify.

VA loans are assumable, meaning that when you sell a home you purchased with a VA loan, the buyer has the option to take over the terms of the existing mortgage, whether they’re a civilian or a service member. That’s a huge perk for buyers when weighing homes to buy, and it can be a huge benefit to you when it comes to selling your home.