DomainScoreSBA Loan Calculator

Calculate Your VA Loan

VA Loan Benefits

  • No down payment required
  • No private mortgage insurance
  • Competitive interest rates
  • Limited closing costs

What You Can Calculate

  • Monthly payments
  • VA funding fee
  • Total loan costs
  • Interest over time
$

Maximum amount varies by county

Current VA rates typically range from 3.5% to 6.5%

VA loans typically require no down payment

Understanding VA Loans

No Down Payment

VA loans allow eligible veterans to purchase homes with no down payment.

Funding Fee

One-time fee that helps sustain the VA loan program for future veterans.

VA Guarantee

Government backing helps secure better rates and terms for veterans.

VA Loan Eligibility Requirements

Service Requirements

Minimum service requirements vary based on service period and type. Generally, you must have served:

  • 90 consecutive days of active service during wartime
  • 181 days of active service during peacetime
  • 6 years in the National Guard or Reserves
  • Or be the spouse of a service member who died in the line of duty

Credit and Income

While VA loans are more flexible than conventional loans, you'll still need to meet basic requirements:

  • Stable, sufficient income to make monthly payments
  • Reasonable credit score (typically 620 or higher)
  • Certificate of Eligibility (COE)
  • Debt-to-income ratio within acceptable limits