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VA Home Loans
Home Buying Benefits
No down payment. No PMI. Competitive rates. Reusable for life. One of the strongest financial benefits available to veterans.
$0
Down payment
None
PMI required
∞
Times reusable
Below
Market rate
Who Qualifies?
✓
Veterans: 90 consecutive days active duty during wartime, OR 181 days during peacetime, OR 6+ years in the Guard/Reserve
✓
Active duty service members: 90 continuous days of active service
✓
Surviving spouses: Unremarried spouse of a veteran who died in service or from a service-connected disability
VA Funding Fee (2024)
Replaces PMI — can be rolled into the loan. Waived for veterans receiving disability compensation.
| Usage | Down Payment | Funding Fee |
|---|---|---|
| First use | 0% | 2.15% |
| First use | 5–9.99% | 1.5% |
| First use | 10%+ | 1.25% |
| Subsequent use | 0% | 3.3% |
The Loan Process
- 1Get your Certificate of Eligibility (COE) at va.gov or through your lender.
- 2Choose a VA-approved lender — shop around, rates vary.
- 3Get pre-approved (income, credit, residual income check).
- 4Find a primary residence home — must pass VA appraisal.
- 5VA appraisal verifies value and Minimum Property Requirements (MPRs).
- 6Close on the loan.
💡 Myth Busters
- ★"I can only use it once" — False. VA loans are reusable for life.
- ★"My credit must be perfect" — False. VA loans are more flexible than conventional.
- ★"Sellers don't like VA loans" — A good offer and agent overcome this.
- ★"VA loans take forever" — They often close as fast as conventional loans.
Ready to use your VA loan benefit?
We can help you understand your eligibility and connect you with VA-friendly lenders.
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