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BlogAbout
VA HOME LOAN GUIDE

VA HOME
LOAN GUIDE

The VA loan is one of the most powerful financial benefits in existence. You can buy a home with zero down payment, no private mortgage insurance, and competitive rates — backed by the federal government.

01

Key Benefits

$0
No down payment
Buy with $0 down on any loan amount
0%
No PMI
No private mortgage insurance - ever
--%
Competitive rates
VA-backed rates are typically 0.25-0.50% lower
Unlimited reuse
Use your VA loan benefit as many times as you want
NO
No prepayment penalty
Pay off early without any fees
>>
Assumable
Buyer can take over your VA loan at your rate
02

VA Funding Fee by Service Type & Down Payment

Service TypeFirst UseSubsequent Use
0% Down5% Down10%+ Down0% Down5% Down10%+ Down
Regular Military2.15%1.50%1.25%3.30%1.50%1.25%
Reserves / Guard2.40%1.75%1.50%3.30%1.75%1.50%
Veterans with 10%+ VA disability rating are exempt from the funding fee. Source: VA.gov 2026.
03

VA Loan Calculator

$
%
04

How to Use Your VA Loan Benefit

01

Get your Certificate of Eligibility (COE)

Apply at va.gov or ask your lender to pull it for you. Takes 10-30 minutes online.

02

Find a VA-approved lender

USAA, Veterans United, and Navy Federal specialize in VA loans. Get pre-approved before house hunting.

03

Find a home

VA loans work on primary residences only. The home must pass a VA appraisal.

04

Close with $0 down

You may owe a VA Funding Fee (0.5%-3.6% depending on usage and down payment) -- but no PMI, ever.

Who qualifies?

  • ✓ Active duty: 90+ continuous days of service
  • ✓ Veterans: various service requirements by era
  • ✓ National Guard / Reserves: 6 years of service or 90 days active duty orders
  • ✓ Surviving spouses of service members who died in service or from service-connected disability

READY TO USE YOUR
VA BENEFIT?

Get pre-approved with a VA-specialized lender. Takes 10 minutes, no commitment.

VA Home Loan Info on VA.gov ›
[ RECOMMENDED ] VA LOAN SPECIALIST

Veterans United Home Loans

The #1 VA purchase lender in the U.S. Specializes exclusively in VA loans — zero down payment, no PMI, competitive rates for active duty and veterans.

Check Your VA Loan Eligibility →

Affiliate link — TotalMilPay may earn a referral fee at no cost to you.

Rates shown are estimates. Contact a VA-approved lender for official quotes. Source: VA.gov, DFAS. Updated 2026.