VA Loans
A Salute to Our Veterans
Backed by the Department of Veterans Affairs, VA loans offer favorable terms, including no down payment, for eligible military members and veterans.
How a VA Loan Works
For Veterans & Military
An exclusive benefit for eligible active-duty service members, veterans, and surviving spouses.
Zero Down Payment
Purchase a home with 0% down, making homeownership accessible without large upfront savings.
No Monthly PMI
Save hundreds per month compared to other loans, as VA loans do not require private mortgage insurance.
Loan Parameters At-a-Glance
*For borrowers with full VA entitlement.
VA Mortgage Loan Highlights
VA Loans for eligible active-duty military and veterans have amazing benefits, including as low as 0% down payments and no mortgage insurance! If you are a veteran, apply now to take advantage of one of the best loan programs available!
- No Down Payment: VA loans do not require a down payment, making it easier for eligible borrowers to become homeowners.
- No Mortgage Insurance: VA loans do not require monthly mortgage insurance (PMI), which can save borrowers hundreds of dollars per month.
- No Official Loan Limits: For veterans with their full entitlement, the VA does not cap the loan amount. You can borrow as much as the lender is willing to lend, even for high-value properties. This means you can get a VA jumbo loan up to $3 million or more.
- Flexible Credit Score: VA loans have more flexible credit score requirements compared to conventional loans, with some lenders accepting scores as low as 500.
- Loan Terms: VA loans are available with 15- or 30-year terms.
- Streamlined Underwriting: The VA loan process is streamlined, allowing for quicker and easier approval compared to conventional loans.
VA Loan Program Terms:
- Up to 100% LTV Purchase
- Up to 100% LTV Cash Out Refinance or IRRRL
- Rehab & One Time Close Construction Available
- 500 Min FICO
- $75,000 Minimum Loan
- Certificate of Eligibility Required
- 1-4 Units, Condos, PUDS & Manufactured Homes Eligible
Get an Instant Mortgage Rate Quote from The Mortgage Calculator
Get Your Quick Quote
Real-time mortgage pricing across conventional, FHA/VA, DSCR, bank statement, non-QM and more. Compare options and move to a full application when ready.
Programs We Price
Conventional, FHA, VA, USDA, jumbo, investor DSCR, bank statement, asset depletion, non-QM, HELOCs and more.
How Quotes Work
We use your scenario (location, credit band, property/occupancy, LTV) to match eligible programs and display live-like rates.
Next Steps
Lock a rate or continue to the full 1003. Your MLO team helps optimize terms and documentation for a smooth closing.
Loan Programs Available: FHA Mortgage Calculator, Conventional Mortgage Calculator, VA Mortgage Calculator, USDA Mortgage Calculator, Non-QM Mortgage Calculator, DSCR Mortgage Calculator, Fix & Flip Mortgage Calculator, Construction Mortgage Calculator, JUMBO Mortgage Calculator
Frequently Asked Questions for VA Loans
About The Mortgage Calculator
The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) specializing in using technology to provide access to Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan variations.
Our team of over 450 licensed Loan Originators can assist with Bank Statement Mortgages, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages, and thousands more!