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