VA Home Loans: The Best Mortgage Benefit for Military Service
As a token of gratitude for your service, the VA loan program offers unparalleled financial advantages, including 0% down payment and no monthly Private Mortgage Insurance (PMI).
AAA Capital Funding is a VA Approved lending specialist ready to serve you.
U.S. Department of Veterans Affairs
I. Key Benefits for Eligible Veterans & Service Members
Zero Down Payment
The most significant benefit: purchase a primary residence with 0% down, saving thousands at closing.
No Monthly PMI
VA loans require no monthly Private Mortgage Insurance (PMI), leading to significant monthly savings compared to Conventional loans.
Flexible Credit Minimums
VA guidelines are highly flexible, allowing approval for borrowers with FICO scores generally in the low-600s or sometimes even lower.
Disabled Veteran Waiver
Veterans receiving VA compensation for a service-connected disability are exempt from paying the VA Funding Fee.
No Loan Limits
For veterans with full entitlement, there are no maximum loan limits imposed by the VA for 0% down financing.
VA Streamline (IRRRL)
The Interest Rate Reduction Refinance Loan (IRRRL) is a simple, low-documentation way to refinance your existing VA loan for a lower rate.
100% Cash-Out Option
VA Cash-Out Refinances allow eligible veterans to tap into 100% of their home's equity, far exceeding limits set by other loan types.
Repeat Use
The VA benefit is reusable. Once you sell your home and repay the loan, your full entitlement is restored for future use.
Unmatched Accessibility: We Always Answer
Unlike large banks with limited hours, we promise to always answer your calls. Day or night, weekday or weekend, you will reach a knowledgeable loan officer ready to move your file forward.
II. Understanding the VA Loan: Your Earned Benefit
The VA Home Loan Guaranty Program is provided by the U.S. Department of Veterans Affairs (VA) to help veterans, active-duty service members, and eligible surviving spouses purchase or refinance a primary residence. Because the VA guarantees a portion of the loan to the lender, we can offer the most competitive terms available, often including no down payment and no monthly mortgage insurance.
Establishing Eligibility: The Certificate of Eligibility (COE)
To start the VA loan process, you must obtain a Certificate of Eligibility (COE), which confirms to us, the lender, that you meet the VA’s service requirements. If you don't have one, don't worry—AAA Capital Funding can typically pull your COE digitally in minutes using the VA's automated system, allowing us to move quickly on your pre-approval.
- Active Duty: Generally requires 90 continuous days of service.
- Wartime/Peacetime Veterans: Service requirements vary but generally range from 90 days to 24 months, depending on the period of service.
- National Guard/Reservists: Typically requires six years of service.
- Surviving Spouses: Certain surviving spouses of veterans who died on active duty or from service-related injuries may also be eligible.
The VA Funding Fee Explained
In lieu of monthly PMI, the VA charges a one-time Funding Fee that is added to the loan amount. This fee ensures the program continues to operate without taxpayer dollars. The fee percentage varies based on several factors, including whether this is your first time using the benefit and the size of your down payment (if any).
- First-Time Use (with 0% Down): The standard funding fee is 2.15%.
- Subsequent Use (with 0% Down): The standard funding fee is 3.3%.
- Waiver: The fee is waived entirely if you are receiving VA compensation for a service-connected disability or if you are an eligible surviving spouse.
Why Choose AAA Capital Funding for Your VA Loan?
Unlike many major lenders who treat VA loans as secondary products, we have specialized experience navigating the unique aspects of VA underwriting, including the crucial **Residual Income** method. This method measures the cash flow remaining after major debts, which often allows us to approve veterans who might be declined based solely on a traditional Debt-to-Income (DTI) ratio limit.
III. AAA Capital Funding: Your Dedicated VA Specialist
- Expertise in complex COE and entitlement scenarios.
- Priority use of the Residual Income method for qualification.
- Specialized VA Cash-Out and Streamline (IRRRL) refinance programs.
- Guaranteed 24/7 Accessibility: Loan officers always answer calls, day or night.
- Streamlined process for VA disability funding fee waiver verification.
- Proactive scheduling of VA appraisals (TID requests) to speed up closing.
- Competitive rates and transparent fee structures, prioritizing your savings.
Other Mortgage Lenders and Banks
- Inexperienced with the complex VA Residual Income calculation.
- Often delays processing COE or disability waivers.
- Lack of dedicated VA appraisal and underwriting team.
- Imposes unnecessary internal credit score overlays (stricter minimums).
- Poor communication, especially outside of standard business hours.
- Longer closing times due to lack of familiarity with VA process.
- High volume-based approach lacking personalized service.
IV. VA Home Loan Eligibility Matrix
Ready to Access Your Earned VA Home Loan Benefit?
Let our VA loan specialists determine your eligibility and get you pre-approved for 0% down today.
Start Your VA Loan Application Now and Get Pre-ApprovedNo obligation, just dedicated service and competitive rates since 1997.