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
Am I eligible to use my VA benefit?
Do I need a down payment?
The most significant benefit: purchase a primary residence with 0% down, saving thousands at closing.
Do I pay mortgage insurance?
VA loans require no monthly Private Mortgage Insurance (PMI), leading to significant monthly savings compared to Conventional loans.
What score do I need?
VA guidelines are highly flexible, allowing approval for borrowers with FICO scores generally in the low-600s or sometimes even lower.
Is the funding fee waived?
Veterans receiving VA compensation for a service-connected disability are exempt from paying the VA Funding Fee.
Is there a loan limit?
For veterans with full entitlement, there are no maximum loan limits imposed by the VA for 0% down financing.
Can I refinance easily?
The Interest Rate Reduction Refinance Loan (IRRRL) is a simple, low-documentation way to refinance your existing VA loan for a lower rate.
Can I take cash out?
VA Cash-Out Refinances allow eligible veterans to tap into 100% of their home's equity, far exceeding limits set by other loan types.
Can I use it more than once?
The VA benefit is reusable. Once you sell your home and repay the loan, your full entitlement is restored for future use.
Who answers when I call?
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.
How does the VA loan actually work?
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.
How do I get my Certificate of Eligibility?
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.
What is the funding fee, and do I have to pay it?
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 does it matter who handles a VA file?
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.
What if another lender already said no?
- 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.
How is this different from the bank that said no?
- 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.
VA requirements at a glance
Want to know what your benefit is actually worth?
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.
Want to know which one fits you best?
One call, under ten minutes. No application, no credit pull. You'll know more than you did this morning. Call 888-601-8344 or text 954-816-8820.
AAA Capital Funding, Inc. · NMLS #374739 · Jason J. Sarji, NMLS #374700