No down payment. No PMI. Competitive rates backed by the U.S. government. A complete interactive guide built for service members and veterans.
The VA loan is widely considered the most powerful mortgage benefit available to any American. Here's what makes it exceptional.
Click through each step. Check off tasks as you complete them — your progress is tracked automatically.
Answer a few quick questions and get an instant eligibility assessment based on VA guidelines.
Takes about 60 seconds · Not financial advice
The one-time funding fee keeps the VA loan program running for future veterans. It replaces PMI and can be financed into the loan — no out-of-pocket cost.
For most qualified veterans, the VA loan wins on every meaningful metric.
| Feature | VA Loan | FHA Loan | Conventional |
|---|---|---|---|
| Down Payment | 0% | 3.5% min | 3–20%+ |
| PMI / MIP | None — ever | Required (often lifetime) | Required under 20% equity |
| Min. Credit Score | Lender sets (~580) | 580 for 3.5% down | 620 minimum |
| Interest Rates | Typically lowest | Moderate | Varies by credit |
| One-Time Fee | VA Funding Fee (1.25–3.3%) | Upfront MIP 1.75% + annual | None (but monthly PMI) |
| Loan Limits | None (full entitlement) | FHA county limits | Conforming limits |
| Streamline Refi | IRRRL — minimal docs | FHA Streamline | No streamline option |
| Who Can Use It | Vets & active duty only | Any borrower | Any borrower |
Estimate your monthly VA loan payment based on purchase price, down payment, interest rate, and loan term. Results are estimates — contact a lender for exact figures.
Official VA resources, useful tools, and our vetted network of preferred lenders who specialize in helping veterans navigate the VA loan process.
These are VA-approved loan officers I personally recommend. Each specializes in helping veterans and service members navigate the VA loan process. Reach out directly — they're here to help.