At a Glance
- Down payment as low as 0%
- Minimum credit score of 620+
- Best for veterans, active military, and eligible spouses
VA loans are a powerful benefit earned by those who have served our country. Guaranteed by the U.S. Department of Veterans Affairs, these loans offer exceptional terms including no down payment requirement, no private mortgage insurance, and competitive interest rates. It's our privilege to help veterans and active-duty service members access this well-deserved benefit.
Eligibility Requirements
VA loans are available to veterans, active-duty service members, National Guard and Reserve members, and certain surviving spouses. Eligibility is based on length and character of service. You'll need a Certificate of Eligibility (COE) to prove your entitlement, which we can help you obtain.
The Zero Down Payment Advantage
One of the most significant benefits of a VA loan is the ability to purchase a home with no down payment. This allows veterans to become homeowners without saving for years. Combined with no PMI requirement, VA loans often have the lowest monthly payments of any mortgage option.
VA Funding Fee
While VA loans don't require PMI, there is a one-time VA funding fee that helps sustain the program. The fee ranges from 1.25% to 3.3% of the loan amount, depending on your down payment and whether it's your first VA loan. Veterans with service-connected disabilities may be exempt from this fee.
Eligibility Requirements
- Valid Certificate of Eligibility (COE)
- Meet minimum service requirements
- Satisfactory credit history (typically 620+ score)
- Sufficient income to cover mortgage payments
- Property must be your primary residence
- Meet VA minimum property requirements
Frequently Asked Questions
Can I use a VA loan more than once?
Yes! VA loan entitlement can be restored and reused. You can have multiple VA loans over your lifetime, and in some cases, more than one at a time.
Do VA loans have loan limits?
For veterans with full entitlement, there are no VA loan limits. Those with reduced entitlement may have limits based on the county.
Can surviving spouses qualify for VA loans?
Yes, un-remarried surviving spouses of veterans who died in service or from a service-connected disability may be eligible.