VA Loans - powerful benefits for eligible veterans
$0 down options, no monthly mortgage insurance, and flexible guidelines.
What is a VA loan?
VA loans are backed by the U.S. Department of Veterans Affairs for eligible Veterans, Active-Duty service members, and some surviving spouses.
PROS
Often $0 down with no monthly MI
Competitive rates and flexible credit standards
Streamlined refi options (IRRRL)
No prepayment penalty
CONSIDERATIONS
- VA funding fee may apply (some are exempt)
- Property must meet VA appraisal/condition standards
- Entitlement and county loan limits influence structure
BASIC ELIGIBILITY
Valid COE
Sufficient income/credit; acceptable residual income per VA
Primary residence only
RATES & COSTS
Often among the most favorable for eligible borrowers; we’ll compare options and discuss funding-fee waivers.
CALIFORNIA NOTES
High-cost areas may require entitlement/down payment combos
VA-approved condo requirements
Safety/habitability repairs may be required
Frequently Asked Questions
Yes, if it meets VA requirements.
Possible with remaining entitlement.