VA Loans
0% down, no monthly PMI, and competitive terms for eligible Veterans and Service Members.
0% (for eligible borrowers) downNo PMIFlexible credit
Program Details
Minimum Down0% (for eligible borrowers)
Credit ScoreFlexible
DTI RatioResidual income test applies
PMI/MIPNo monthly PMI; VA funding fee may apply.
Rate CapsVA entitlement rules apply.
Loan LimitsHigh-balance and Jumbo VA available for eligible borrowers.
Key Benefits
- 0% down
- No monthly PMI
- Competitive rates
Program Tags
zero-down
Who It's Best For
- Eligible Veterans, Service Members, and eligible spouses
Advantages
- 0% down for eligible borrowers
- No monthly PMI
- Strong pricing and protections
Considerations
- •Funding fee may apply unless exempt
- •Primary residence and entitlement rules apply
Eligibility Requirements
- Certificate of Eligibility (COE)
- Primary residence
- VA entitlement sufficient for target purchase
Additional Requirements
- Funding fee unless exempt
- Appraisal (VA) and residual income test
- Occupancy requirement
Pro Tips
- Zero down with no monthly PMI is a major advantage
- Ask about VA IRRRL for faster future refinances
- Funding fee exemptions may apply
Also Known As
Department of Veterans Affairs
No. A funding fee may apply unless exempt.
Calculate Your Payment
Use our interactive calculators to estimate your monthly payment and see how much you could save.
Payment Example
Loan amount
$500,000
Est. P&I
$3,327/mo
Estimate only. Taxes, insurance, HOA, MI/MIP, and points/credits not included. Not a commitment to lend.
Scenario Snapshot
Typical Documents
- Last 30 days of pay stubs or income docs
- Last 2 years W-2s or 1099s (as applicable)
- Most recent 2 months of bank statements
- Government-issued ID
- Certificate of Eligibility (COE)
- DD214 (if applicable)
Exact items vary by program and scenario.
Loan Limits (Estimate)
Use your ZIP to check your state and review baseline limits. County limits may be higher.
Enter a ZIP to detect your state. County-specific limits vary.
Conforming baseline (1‑unit)$766,550
FHA floor (1‑unit)$498,257
FHA ceiling (1‑unit)$1,149,825
Actual county/metro limits vary. See official resources at FHFA and HUD.
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