Quick highlights
- $0 down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Limits on closing costs
- Funding fee can be financed
- Reusable benefit — no maximum loan limit for most
Who qualifies for a VA loan?
VA loans are available to veterans who served the minimum required active duty (typically 90 continuous days during wartime or 181 days during peacetime), active duty service members, National Guard/Reserve members with six years of service, and surviving spouses of veterans who died in the line of duty. A Certificate of Eligibility (COE) is required — I can help you pull yours.
How is the VA loan different?
Three big advantages: no down payment required, no monthly mortgage insurance, and the VA caps how much lenders can charge in closing costs. The tradeoff is a one-time 'funding fee' (1.25% to 3.3% of the loan), which can be rolled into the loan and is waived entirely for veterans with service-connected disabilities.
Can I use my VA benefit more than once?
Yes. The VA loan benefit is reusable. You can use it again after selling your home and paying off the previous VA loan, or in some cases hold two VA loans simultaneously. Even partial entitlement can work for a second VA purchase.
Ready to see what you qualify for?
Every situation is different. Let's talk through your specific scenario and shop it across our lender network for the best terms.