VA Loans

No Down Payment

With full entitlement, a VA loan finances the whole purchase price and carries no monthly mortgage insurance, which is the piece that quietly adds a few hundred dollars a month to a comparable conventional payment. Full entitlement also removes the loan limit, so the ceiling comes from what you qualify for rather than from a county figure.

Bring your Certificate of Eligibility, or ask Steev to pull it for you.

The Funding Fee

The trade for all of that is a one-time funding fee, and the fee is waived entirely for a borrower with a service-connected disability rating. A larger down payment lowers it, and a first use costs less than a later one. You can roll the fee into the loan rather than bring it to closing.

If you have a rating, say so early, because it changes the whole quote.

Using It More Than Once

Entitlement is restorable, and it can be reused more often than most veterans expect. Selling a home and paying off the VA loan restores it in full. In some cases you can carry two VA loans at the same time, which is how a service member handles a permanent change of station without selling the first house.

A previous VA loan rarely rules out a second one. Ask before you assume it does.

The VA Appraisal

A VA appraisal checks value and it also checks that the house meets minimum property requirements, which cover things like a working furnace, a sound roof and safe access. Sellers in a hot market sometimes hesitate at that, and a listing agent who understands the process usually stops worrying once you explain it.

We talk to the listing agent when it helps your offer get taken seriously.