In Paramus, NJ, as in the rest of the United States, VA loans typically do not require a down payment. This is one of the major benefits of a VA loan, aimed at making homeownership more accessible to veterans and active military members. The VA loan program is designed to provide zero down payment options, underlining the government's commitment to assist those who have served the country. However, eligibility for a VA loan and the terms of financing depend on several factors including military service, credit score, and other financial criteria.