Who is eligible for a VA loan?

VA loans are available to veterans, active-duty service members, National Guard members, reservists (with qualifying service), and surviving spouses of service members who died in service or from a service-connected disability. A Certificate of Eligibility (COE) is required.

Is there a down payment required for a VA loan?

No down payment is required for VA loans up to the conforming loan limit. For loan amounts above the limit, a small down payment based on the difference may apply if you have previously used your VA entitlement.

What is the VA funding fee?

The VA funding fee is a one-time fee paid to the VA that helps sustain the program. It runs between 1.25% and 3.3% of the loan amount depending on your down payment and whether it's your first use. The fee can be financed into the loan. Veterans with service-connected disabilities are exempt.

Can I use a VA loan more than once?

Yes. As long as you pay off or sell the property from your previous VA loan (or have remaining entitlement), you can reuse your VA benefit. In some cases, you can even have two VA loans simultaneously.

Do VA loans require PMI?

No. VA loans never require private mortgage insurance, regardless of down payment. This is one of the most significant financial benefits of the VA loan program.

VA Loan | MtgPro.ai

VA Loan

Veterans and active duty: 0% down, no PMI, up to 100% LTV

VA loans are one of the most powerful mortgage benefits available to eligible veterans, active-duty service members, and surviving spouses. No down payment and no PMI.

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VA loans are one of the most powerful mortgage benefits available to eligible veterans, active-duty service members, and surviving spouses. No down payment and no PMI.

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Key Advantages

Why Choose a VA?

Here's what sets this loan product apart and who it works best for.

Zero Down Payment

Eligible veterans can purchase a home with no down payment whatsoever.

No Private Mortgage Insurance

VA loans never require PMI, saving hundreds of dollars per month compared to other low-down programs.

Competitive Structure

The government guarantee gives VA-backed loans a favorable structure: no PMI and flexible guidelines.

Flexible Credit Guidelines

More lenient credit and income requirements than conventional loans, with no set minimum credit score by VA.

Calculator

Purchase Calculator

Estimate your monthly payment for a home purchase.

Home Price$500K

$100K$2.0M

Down Payment10%

3%25%

Interest Rate

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Loan Term

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Calculator results are estimates only and do not constitute a loan offer, pre-approval, or commitment to lend. Actual terms may vary.

Eligibility

Qualification Requirements

General guidelines for VA Loan eligibility. Requirements vary by lender and scenario.

Requirement	Guideline
Eligibility	Eligible veteran, active-duty service member, or surviving spouse
Down Payment	None required
PMI	Not required
Max LTV	100% for cash out or rate and term
VA Funding Fee	Financed into loan; waived for disabled veterans
Property Type	Primary Residence only
Certificate of Eligibility	Required (we can help obtain)

These are general guidelines only. Specific program requirements may vary. Contact us for a personalized review of your scenario.

FAQ

Frequently Asked Questions

Common questions about VA Loan loans.

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VA-approved lender. Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

West Capital Lending, Inc. is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.

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