VA Loan
"The best mortgage in America. Period."
Zero down payment. No PMI. The lowest rates available. If you've served our country, you've earned the best mortgage benefit in existence.
0%
Min Down
580+
Min Credit
No VA Limit
Max Loan
Is This Loan Right for You?
This Loan is Perfect If You...
- Veteran, active military, or eligible surviving spouse
- Want zero down payment
- Want to avoid PMI forever
- Purchasing a primary residence
This Might NOT Be Right If...
- Not VA-eligible (no military service)
- Purchasing an investment property
- Need faster than 30-day close
VA Loan Benefits
Everything you need to know about your benefits
Zero Down Payment
100% financing for qualified veterans. Keep your savings for emergencies, renovations, or moving costs.
No PMI Ever
Save $200-$400+ per month compared to conventional loans that require private mortgage insurance.
Lowest Rates in Market
VA loans consistently offer 0.25-0.5% lower rates than conventional loans for the same borrower.
Flexible Credit
No VA minimum credit score. Most lenders accept 580+. Past financial difficulties don't disqualify you.
Limited Closing Costs
The VA caps what veterans can pay in fees. Sellers can pay all closing costs.
No Prepayment Penalty
Pay off your loan early, refinance, or make extra payments with zero penalties.
How It Works
Your path to homeownership in just a few simple steps
Get Your COE
We'll help you obtain your Certificate of Eligibility quickly.
Get Pre-Approved
Lock in your rate and know your budget in as little as 24 hours.
Find Your Home
Shop with confidence knowing exactly what you can afford.
Close & Celebrate
We handle the details. You get the keys. Time to celebrate!
Get Your COE
We'll help you obtain your Certificate of Eligibility quickly.
Get Pre-Approved
Lock in your rate and know your budget in as little as 24 hours.
Find Your Home
Shop with confidence knowing exactly what you can afford.
Close & Celebrate
We handle the details. You get the keys. Time to celebrate!
VA Funding Fee
A one-time fee that funds the VA loan program. Can be financed into your loan or waived if exempt.
| Down Payment | First Use | Subsequent Use |
|---|---|---|
| 0% | 2.15% | 3.3% |
| 5%+ | 1.5% | 1.5% |
| 10%+ | 1.25% | 1.25% |
Funding Fee Exemptions
- Veterans with VA disability rating
- Surviving spouses of veterans who died in service
- Purple Heart recipients while serving
VA vs Conventional: See the Savings
Compare your costs side-by-side
Based on a $400,000 home purchase
VA Loan
Your military benefit
Conventional Loan
Standard mortgage
Types of VA Loan
Choose the option that fits your situation
VA Purchase
Buy a home with $0 down and no PMI
VA Renovation
Finance your purchase and renovation in one loan
VA Jumbo
Financing above standard limits for high-cost areas
Frequently Asked Questions
Common questions about VA Loan
Last updated:
What is a VA loan?
A VA loan is a mortgage backed by the Department of Veterans Affairs, available to veterans, active-duty service members, and eligible surviving spouses. VA loans offer the best terms in the market including **$0 down payment**, **no PMI ever**, and the **lowest rates available**.
Who qualifies for a VA loan?
VA loan eligibility includes: **Veterans** with 90+ days of wartime service or 181+ days of peacetime service, **active-duty service members** with 90+ days of service, **National Guard/Reserve members** with 6+ years of service, and **surviving spouses** of veterans who died in service.
What is the VA funding fee and can I avoid it?
The VA funding fee is a one-time payment (2.15% for first use with $0 down) that funds the VA program. You are **exempt** if you have a VA disability rating, are a surviving spouse of a veteran who died in service, or received a Purple Heart while serving.
- **Yes!** Your VA loan benefit is reusable. Once you pay off a VA loan, your entitlement can be restored. Some veterans can even have **two VA loans simultaneously** if they have remaining entitlement.
- The VA itself sets **no minimum credit score**. Most lenders require 580-620. CMS Mortgage works with scores as low as **580**. We consider the full picture including employment history and residual income.
- For veterans with full entitlement, there are **no VA loan limits** as of 2020. You can borrow as much as a lender will approve. Veterans with reduced entitlement (prior VA loan in use) may have county limits apply.
Get Rate Drop Alerts
We'll notify you instantly when rates drop to your target.
You Served Our Country. Let Us Serve You.
Your VA benefit is waiting. Zero down, no PMI, best rates. Let's get you home.
Or call us directly: (757) 558-2603