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VA loans in Derby, CT

Quick answer

Eligible veterans and service members in Derby, CT can buy with 0% down and no monthly mortgage insurance; with full entitlement there's no VA loan limit, and Naugatuck Valley Planning Region's $851,000 limit applies only to partial entitlement. On the $242,300 median home, the estimated payment is $2,233/month at 7.18% including the 2.15% first-use funding fee.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $76,263; value-to-income ratio 3.18. Derby ranks 23 by home value and 33 by population among 35 places in our CT dataset.

What does a VA loan cost on a typical Derby home?

ItemDerby
Median home value (Census ACS)$242,300
Connecticut median home value$343,200
Down payment (0%)$0
Loan incl. 2.15% funding fee$247,509
Estimated monthly payment (PITI + MI)$2,233
Income needed (28% / 36%)$96,000 / $75,000
Naugatuck Valley Planning Region 2026 county limit for partial VA entitlement$851,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Connecticut's 1.92% effective property tax rate (Census ACS), $2,036/yr homeowners insurance (NAIC state average); VA loans have no monthly mortgage insurance.

What is the 2026 VA loan limit in Derby?

VA loans have no loan limit for borrowers with full entitlement. If part of your entitlement is tied up in another VA loan, VA uses Naugatuck Valley Planning Region's 2026 conforming limit of $851,000 to calculate your zero-down maximum. The county's FHA limit is $541,287 for comparison.

The Derby median home value of $242,300 is 29% below the Connecticut median, and within what the county limit supports.

Which down payment assistance programs can Derby buyers use?

VA loans in nearby cities

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VA loan FAQs for Derby

Not for borrowers with full entitlement. If you have an active VA loan or unrestored entitlement, Naugatuck Valley Planning Region's 2026 limit of $851,000 is used to calculate how much you can borrow with no down payment.

With 0% down on $242,300, a 2.15% first-use funding fee financed brings the loan to about $247,509; the estimated payment including Connecticut taxes and insurance is $2,233/month. Veterans with a service-connected disability rating are generally exempt from the fee.

At the $242,300 median value (below the Connecticut median of $343,200), the estimated payment of $2,233/month at 7.18% needs about $96,000 a year under the 28% housing guideline, or $75,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures 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.