$0 down. No PMI.
A benefit you earned.

A VA loan is a government-backed mortgage benefit for eligible veterans, active-duty service members, and qualifying surviving spouses. It's guaranteed by the U.S. Department of Veterans Affairs, allowing lenders to offer better terms — including $0 down payment, no private mortgage insurance (PMI), and competitive interest rates.

VA loan eligibility is based on your service history. Generally, veterans who served 90 days during wartime or 181 days during peacetime qualify, as do active-duty members who have served 90 continuous days. National Guard and Reserve members who have completed 6 years of service or been called to active duty under Title 10 orders may also qualify. Surviving spouses of veterans who died in service or from a service-connected disability may also be eligible.

No. Eligible borrowers can finance 100% of the purchase price with a VA loan — $0 down payment required. This is one of the most significant financial benefits of VA eligibility and applies to both purchase loans and certain refinances.

Since 2020, there is no VA loan limit for borrowers with full VA entitlement (no existing VA loans or previously paid-off VA loans). Borrowers with remaining or reduced entitlement may have limits based on county conforming loan limits. We'll check your entitlement status and walk you through the options.

The VA funding fee is a one-time fee paid to the VA to sustain the loan program. It ranges from 1.25% to 3.3% of the loan amount depending on your down payment and whether it's your first VA loan. The fee can be rolled into the loan. Veterans with a service-connected disability rating of 10% or higher are exempt from the funding fee.

Yes. VA eligibility is a lifetime benefit. You can use it multiple times — including while you still have an existing VA loan — as long as you have remaining entitlement. We can check your current entitlement and structure your next purchase around it.

Yes. VA borrowers can use an Interest Rate Reduction Refinance Loan (IRRRL), also called a VA Streamline, to lower their rate with minimal documentation. A VA cash-out refinance is also available to tap equity — even to refinance a non-VA loan into a VA loan.