Loan Programs
VA Loans
VA loans are one of the most powerful homebuying benefits earned by those who have served our country. Zero down payment, no monthly mortgage insurance, and competitive rates make this program unmatched for eligible veterans and active-duty service members.
What Is a VA Loan?
A VA loan is a mortgage benefit guaranteed by the U.S. Department of Veterans Affairs. The VA does not lend money directly — instead, it backs a portion of the loan, which allows private lenders to offer favorable terms including zero down payment and no private mortgage insurance requirement.
Central Florida is home to a large veteran and military community. From families near the Naval Air Warfare Center in Orlando to retirees settling in Altamonte Springs and Winter Park, VA loans help service members build wealth through homeownership without the typical barriers.
Eligibility Requirements
VA loan eligibility is based on your service history. Generally, you may qualify if you meet one of the following:
- •90 consecutive days of active service during wartime
- •181 days of active service during peacetime
- •6 years of service in the National Guard or Reserves
- •Surviving spouse of a veteran who died in service or from a service-connected disability
You will need a Certificate of Eligibility (COE) to verify your entitlement. We can often retrieve this electronically during the application process.
Key Benefits
Zero Down Payment
Eligible borrowers can finance 100% of the home's purchase price. No down payment means you can buy sooner and keep savings intact for moving costs or reserves.
No Monthly PMI
Unlike conventional and FHA loans, VA loans do not require monthly mortgage insurance — saving hundreds per month compared to other zero-down or low-down options.
Competitive Rates
Because the VA guarantees a portion of the loan, lenders can offer rates that are often lower than conventional alternatives — even for borrowers with moderate credit.
VA Funding Fee
A one-time funding fee (typically 1.25% to 3.3% depending on usage and down payment) replaces monthly insurance. It can be financed into the loan. Some veterans are exempt from this fee.
Who Benefits Most from VA Loans?
VA loans are ideal for eligible veterans and active-duty members who want to purchase a home without a down payment. They are especially valuable for first-time buyers who have served but have not yet accumulated significant savings, as well as veterans looking to refinance an existing VA loan through the Interest Rate Reduction Refinance Loan (IRRRL) program.
The VA loan benefit can be used multiple times throughout your life, and there is no expiration on eligibility once earned.
Frequently Asked Questions
How do I get my Certificate of Eligibility?
Your COE can be obtained through the VA's eBenefits portal, by mail using VA Form 26-1880, or we can often pull it electronically through our lender portal during the application process.
Is there a loan limit on VA loans?
For veterans with full entitlement, there is no loan limit — you can borrow as much as a lender is willing to approve with zero down. If you have reduced entitlement (from a prior VA loan still active), county loan limits may apply.
Can I use a VA loan more than once?
Yes. VA loan entitlement can be restored and reused. If you have paid off a previous VA loan or sold the property, your full entitlement can be restored for a new purchase.
Can my spouse use my VA benefit?
A surviving spouse of a veteran who died in service or from a service-connected disability may be eligible for VA loan benefits. Active-duty spouses cannot use the benefit independently, but they can be co-borrowers on the loan.
Put Your VA Benefit to Work
You earned this benefit through your service. Let us help you understand how to use it. Reach out and we will walk you through the process.
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