You already earned this one. Now use all of it.
$0 down. No mortgage insurance — not now, not ever, at any down payment. And a funding fee that may be waived entirely, which almost nobody will tell you about.
A VA loan is guaranteed by the Department of Veterans Affairs, which is why a lender will accept zero down and charge no mortgage insurance at all — not PMI, not MIP, at any down payment. The one cost is a funding fee, typically around 2.15% first use. And if you receive VA disability compensation at any rating, that fee is waived entirely.
Your VA payment — with no insurance line.
Notice what's missing from the breakdown. There is no PMI row. There never will be.
$715,050 loan · 30-year fixed · incl. $15,050 financed fee
There is no mortgage insurance line on this loan, and there never will be. A conventional buyer at 5% down would burn roughly $33,250 in PMI before it cancels. Your only cost is the $15,050 funding fee — and it may be waived.
Estimates only, not a commitment to lend. VA funding-fee rates are set by the Department of Veterans Affairs and change — verify current figures.
Your funding fee might be zero.
If you receive VA compensation for a service-connected disability — at any rating, including 10% — the funding fee is waived entirely. Not reduced. Waived. Flip the switch.
5% down cuts the fee. 10% cuts it further. But you don't need any.
Then file one before you close. A 10% rating — for tinnitus, hearing loss, a bad knee — waives this entire fee. Most veterans never file, because they assume their condition is "not bad enough" or that they'd be taking something they don't deserve. A rating you earned is not charity. On this loan it is worth $34,245.
Illustrative only. VA funding-fee percentages are set by the Department of Veterans Affairs and change over time; they vary with down payment, prior use, and service category. Exemption requires VA confirmation and appears on your Certificate of Eligibility. We are not the VA and cannot grant a disability rating — but we will tell you to go and ask for one. Not a commitment to lend. Equal Housing Opportunity.
VA against the field. It isn't close.
Same $700,000 house. Same buyer. The only difference is which door they walk through.
Illustrative comparison at a $700,000 purchase. VA assumes first use with the fee financed. Conventional assumes 5% down with PMI; FHA assumes 3.5% down with MIP that never cancels. Rates differ by program and borrower.
Are you leaving money on the table?
Four taps. Most veterans are — and the biggest one has nothing to do with the rate.
VA is your loan — by a wide margin.
Zero down, zero mortgage insurance, no loan limit with full entitlement, and it's assumable. The only cost is the funding fee of about $15,050, which is financed. If you ever receive a disability rating, even that disappears.
From here to the keys — five steps.
No mystery, no call centre, no "we'll get back to you." Every step is exactly what happens inside it.
Four questions. No credit pull, no sign-up, no obligation.
~60 secondsWhat happensOne application goes to dozens of wholesale lenders. They compete for you.
Same dayWhat happensUnderwritten against real documents — not a soft letter any lender prints.
~24 hoursWhat happensListing agents call Adriana. She picks up. That is worth more than a bid.
Your timelineWhat happensConditions cleared, docs signed, funded. And she confirms your funding-fee status before you sign.
To the dateWhat happensThree veterans. Three things nobody told them.
Real structures, real numbers.
He'd never filed a disability claim. Tinnitus from two deployments. We told him to file before closing.
Her own agent advised her to go conventional so the offer would look stronger. It cost her $61,000.
He used VA in 2014 and assumed it was gone. Entitlement can be restored. He used it again.
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Milpitas, California · Serving all 58 counties
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Don't take our word for it — click through and verify her licence yourself. We'd encourage it. Anyone who discourages you from checking is telling you something.
A licensed broker who answers her own phone.
"A broker who will tell you no is the only kind whose yes means anything."
Everything veterans actually ask.
What is a VA loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs and made by a private lender. The VA does not lend the money — it guarantees a portion of it, which is why a lender will accept zero down payment and charge no mortgage insurance. It is, for those who qualify, the most powerful mortgage in America.
Do VA loans really require no down payment?
Yes. With full entitlement you can finance 100% of the purchase price. This is not a gimmick or a teaser — it is the core of the benefit, and it exists because the VA guarantee stands in place of your down payment.
Is there mortgage insurance on a VA loan?
None. Ever. No PMI like a conventional loan, no MIP like an FHA loan, at any down payment. This is the single largest financial advantage of the program and it is worth tens of thousands of dollars over the life of the loan.
What is the VA funding fee?
A one-time fee paid to the VA to keep the program running without taxpayer cost. For a first-time user with no down payment it is commonly around 2.15% of the loan; for subsequent use it rises. It can be financed into the loan, which means you pay interest on it for thirty years.
Can the VA funding fee be waived?
Yes — and this is the most overlooked fact in veteran lending. If you receive VA compensation for a service-connected disability, the funding fee is waived entirely. Any rating qualifies, including 10%. Purple Heart recipients on active duty and eligible surviving spouses are also exempt. On a $700,000 loan the waiver is worth roughly $15,000 up front.
What if I have never filed a VA disability claim?
Then file one before you close. Even a 10% rating — for tinnitus, hearing loss, or a joint injury — eliminates the funding fee completely. Many veterans never file because they assume their condition is too minor or that they are taking something they do not deserve. A rating you are entitled to is not charity, and on a large loan it is worth more than any rate negotiation.
Is there a VA loan limit?
For borrowers with full entitlement, no. The Blue Water Navy Vietnam Veterans Act removed VA loan limits for full-entitlement borrowers, which means the ceiling is what a lender will approve based on your income — not an arbitrary cap. This matters enormously in California.
Can I use my VA benefit more than once?
Yes. Entitlement can be restored after you sell the property and pay off the loan. Some veterans hold two VA loans at once using partial entitlement. The benefit is not a one-time coupon.
Are VA loans assumable?
Yes. A qualified buyer — who does not have to be a veteran — can take over your VA loan at your original interest rate. If you lock a low rate and sell into a high-rate market, your loan becomes a genuine selling advantage. Note that assumption by a non-veteran can tie up your entitlement until the loan is paid off.
Who is eligible for a VA loan?
Generally: 90 consecutive days of active service during wartime, 181 days during peacetime, six years in the National Guard or Reserves, or you are the surviving spouse of a service member who died in the line of duty or from a service-connected disability. Eligibility is confirmed with a Certificate of Eligibility, which we pull for you.
Stop estimating. Get the real number.
Four questions, no credit pull. You'll get your payment, your options, and an honest read on the best fit.