VA Financing
VA loans are available to eligible active-duty service members, veterans, and some surviving spouses, typically without a down payment requirement or monthly mortgage insurance. Eligibility and available entitlement should be confirmed directly.
May be worth exploring when:
- You have confirmed VA eligibility and available entitlement.
- You want to minimize upfront cash needed at closing.
May not be the best fit when:
- In some cases with strong credit and a large available down payment, it's still worth comparing against conventional financing on total cost.
Questions worth asking
- How much VA entitlement do I currently have available?
- How is the VA funding fee calculated for my situation?