The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.
The Veterans Administration provides insurance to lenders in the case that you default on a loan. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan. VAhome loans are available to eligible veterans and service members.
Three steps: see if you qualify for a VA home loan, calculate your VA funding fee and cash to close, then see your payment and price range. No down payment, no monthly mortgage insurance, no credit pull to check.
Your Certificate of Eligibility (COE) confirms it. I can pull it for you in minutes.
The funding fee is a one-time charge that keeps the VA program running. It can be rolled into the loan.
VA looks at a 41% debt-to-income guideline plus residual income (money left over each month).
Estimates only, not a loan approval or commitment to lend. Eligibility is confirmed by your VA Certificate of Eligibility. Funding fees shown are the current VA rates and can change. Loans to buyers with remaining (partial) entitlement may be subject to county loan limits. Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781. Not affiliated with or endorsed by the Department of Veterans Affairs.
