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Veterans

The VA benefit is one of the strongest financing tools available: no required down payment for eligible borrowers with full entitlement, and no monthly mortgage insurance. Using it well means understanding entitlement, the funding fee, and how the VA appraisal works.

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Who this is for

  • Active duty service members, veterans and eligible surviving spouses
  • Veterans who have used the benefit before and want to reuse it
  • Veterans comparing VA against conventional financing

How the process works

  1. Obtain your Certificate of Eligibility

    The COE confirms your entitlement. It can typically be obtained quickly, and your DD-214 or statement of service supports it.

  2. Understand entitlement

    If you have an active VA loan, remaining entitlement affects how much you can finance with no down payment.

  3. Plan for the appraisal

    The VA appraisal includes minimum property requirements. Homes with significant deferred maintenance may need repairs before closing.

Common mistakes

  • Assuming sellers will not accept VA offers, which is often a communication issue rather than a program issue
  • Not confirming exemption status for the funding fee
  • Overlooking that VA financing requires occupancy

Loan programs that apply

Core

VA Loans

A benefit earned through service, with no required down payment for eligible buyers.

Learn more Core

Conventional Loans

The most widely used financing for primary homes, second homes and rentals.

Learn more Core

Jumbo Loans

Financing above conforming loan limits for higher priced homes.

Learn more Construction & Renovation

Renovation Loans

Finance the purchase or refinance plus the improvements in one mortgage.

Learn more

Frequently Asked Questions

For eligible borrowers with full entitlement, VA does not cap the loan amount, though the lender still sets maximum loan amounts and qualification requirements. Reduced entitlement changes the calculation.

Yes. Entitlement can generally be restored after a prior VA loan is paid off, and in some circumstances a second VA loan is possible with remaining entitlement.

Eligible veterans with full entitlement can often finance 100% of the purchase price with no down payment, subject to the appraised value and lender requirements.

Yes. The benefit can be used again after a prior VA loan is paid off and entitlement is restored, and in some cases while a prior VA loan remains open using remaining entitlement.

It is the amount the VA guarantees on your behalf. Your Certificate of Eligibility shows the entitlement available, which affects how much you can borrow without a down payment.

Yes, there is no one time limit. Occupancy requirements still apply to each transaction.

No monthly mortgage insurance is charged on VA financing, which is a meaningful monthly savings compared with many low down payment programs.

A one time fee paid to the VA that can usually be financed into the loan. The amount depends on down payment and prior use, and certain veterans, including many receiving service connected disability compensation, are exempt.

VA financing requires that you occupy the property as your primary residence. Multi unit purchases where you occupy one unit may be eligible, and a former VA financed home can later become a rental.

The property must meet the VA Minimum Property Requirements for safety, soundness and sanitation, confirmed by a VA appraisal.

Ready for the next step?

We will review your documents and give you a preapproval you can use with confidence. Not a commitment to lend.

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