Who is eligible for a VA loan?

VA loans are available to veterans, active-duty service members, National Guard members, reservists (with qualifying service), and surviving spouses of service members who died in service or from a service-connected disability. A Certificate of Eligibility (COE) is required — we can help you obtain it.

Is there a down payment required for a VA loan?

No down payment is required for VA loans up to the conforming loan limit. For loan amounts above the limit, a small down payment based on the difference may apply if you have previously used your VA entitlement.

What is the VA funding fee?

The VA funding fee is a one-time fee paid to the VA that helps sustain the program. It varies with your down payment and whether it’s your first use, and it can be financed into the loan. Veterans with service-connected disabilities are typically exempt.

Can I use a VA loan more than once?

Yes. As long as you pay off or sell the property from your previous VA loan (or have remaining entitlement), you can reuse your VA benefit. In some cases, you can even have two VA loans simultaneously.

Do VA loans require PMI?

No. VA loans never require private mortgage insurance, regardless of down payment. This is one of the most significant financial benefits of the VA loan program.

VA Loan | Elevate Mortgage

VA Loan

Zero down. No PMI. You’ve earned it.

VA loans are one of the most powerful mortgage benefits available to eligible veterans, active-duty service members, and surviving spouses. No down payment and no PMI.

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VA loans are one of the most powerful mortgage benefits available to eligible veterans, active-duty service members, and surviving spouses. No down payment and no PMI.

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Key Advantages

Why Choose a VA?

Here's what sets this loan product apart and who it works best for.

Zero Down Payment

Eligible veterans can purchase a home with no down payment whatsoever.

No Private Mortgage Insurance

VA loans never require PMI, which can save hundreds of dollars per month compared to other low-down programs.

Flexible Credit Guidelines

More lenient credit and income requirements than conventional loans, with no set minimum credit score by the VA.

Reusable Benefit

Your VA entitlement can be used more than once — and in some cases on two loans at the same time.

Calculator

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Home Price$500K

$100K$2.0M

Down Payment10%

3%25%

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Calculator results are estimates only and do not constitute a loan offer, pre-approval, or commitment to lend. Actual terms may vary.

Eligibility

Qualification Requirements

General guidelines for VA Loan eligibility. Requirements vary by lender and scenario.

Requirement	Guideline
Eligibility	Eligible veteran, active-duty service member, or surviving spouse
Down Payment	None required
PMI	Not required
VA Funding Fee	Financed into loan; waived for eligible disabled veterans
Property Type	Primary Residence only
Certificate of Eligibility	Required (we can help obtain)

These are general guidelines only. Specific program requirements may vary. Contact us for a personalized review of your scenario.

FAQ

Frequently Asked Questions

Common questions about VA Loan loans.

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VA-approved lender. Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

West Capital Lending, Inc. is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.

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HELOC & Home Equity

Tap your home equity without touching your first mortgage

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