The Department of Veterans Affairs guarantees the mortgage to the lender in case the borrower defaults. This does not mean you are automatically qualified or entitled to a Veteran Mortgage, you still need to qualify based on your income, assets, credit profile etc. It also doesn’t mean if you default the guarantee will pay the mortgage for you and you can stay in the home. Under circumstances of default, the mortgage still goes through the same foreclosure process as conventional programs. is not a government agency website or affiliated with the Department of Veterans Affairs. has relationships with VA Loan Specialists who work for VA approved lenders. may share your information with these trusted affiliates in order to assist you.