Who is eligible for a VA loan?
- Veterans who meet minimum service requirements (commonly 90 consecutive days in wartime or 181 days in peacetime).
- Active-duty service members after 90 continuous days.
- National Guard and Reserve members with 6 years of service, or 90 days of active-duty service under Title 10/32.
- Surviving spouses of service members who died in service or from a service-connected disability (in many cases).
What is the VA funding fee?
The fee can be financed into the loan. Veterans receiving VA disability compensation, and some others, are exempt. Fees shown are for purchase loans and may change.
| Down payment | First use | Subsequent use |
|---|---|---|
| Less than 5% | 2.15% | 3.3% |
| 5% to under 10% | 1.5% | 1.5% |
| 10% or more | 1.25% | 1.25% |
Is there a VA loan limit?
Borrowers with full entitlement have no VA loan limit — you can borrow as much as a lender approves with no down payment. If part of your entitlement is tied up in another VA loan, county conforming limits affect how much you can borrow with zero down.
VA loans by state
Frequently asked questions
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.