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Purchase

VA loans — earned, and worth using.

Eligible service members, veterans, and qualifying spouses can purchase with $0 down, no private mortgage insurance, and competitive rates. Thank you for your service.

Start your purchase quoteCall (704) 800-4719

Who qualifies

Active-duty military, veterans with eligible service history, National Guard and Reserve members under specific circumstances, and qualifying surviving spouses. We'll help you confirm eligibility and pull your Certificate of Eligibility.

Funding fee

VA loans typically include a one-time VA funding fee. Some borrowers — including disabled veterans with qualifying service-connected conditions — are exempt. We'll review the details with you.

Highlights

What you should know

$0 down

Qualified VA borrowers can buy a primary home with no down payment.

No PMI

VA loans don't carry private mortgage insurance — a meaningful monthly savings.

VA streamline (IRRRL)

Existing VA loan? You may qualify for a streamlined rate-and-term refinance.

FAQ

Frequently asked questions

Who qualifies for a VA home loan?
Active-duty service members, veterans with eligible service history, members of the National Guard and Reserve under specific circumstances, and qualifying surviving spouses can use the VA home loan benefit. Eligibility is confirmed via a Certificate of Eligibility (COE), which we can help you pull.
Do VA loans really require zero down payment?
Yes. Eligible borrowers can purchase a primary residence with $0 down using the VA loan program. There's no private mortgage insurance (PMI) requirement either, which usually translates into meaningful monthly savings.
What is the VA funding fee?
The VA funding fee is a one-time charge paid to the Department of Veterans Affairs that helps keep the program running. It's typically between 1.25% and 3.3% of the loan amount, depending on down payment, service category, and whether it's a first or subsequent VA loan use. Disabled veterans with qualifying service-connected conditions are exempt.
Can I use my VA loan benefit more than once?
Yes. The VA loan benefit can be used multiple times throughout your life. Once a previous VA loan is paid off — or in some cases when entitlement is restored — you can use it again on a new home purchase.
Do VA loans require PMI or mortgage insurance?
No. VA loans do not require private mortgage insurance, even with $0 down. This is one of the program's biggest cost advantages compared to FHA or conventional low-down-payment loans.
What credit score do I need for a VA loan?
The VA itself doesn't set a minimum credit score, but most lenders look for a score of 580 to 620 or higher. Richard Tocado Companies (NMLS #38652) can review your situation and identify VA lenders that fit your credit profile.
Is there a VA streamline refinance?
Yes — the VA Interest Rate Reduction Refinance Loan (IRRRL) lets eligible borrowers refinance an existing VA loan into a lower rate or different term with limited documentation and, in many cases, no appraisal required.

Talk it through with our team.

Five minutes on the phone, or a few questions online. No pressure, no credit pull required.

Start your purchase quote Call (704) 800-4719