VA Loan Calculator

VA Loan Calculator – Benefits for Veterans & Military Members

VA loans are one of the most valuable benefits available to eligible veterans, active-duty service members, and surviving spouses. Backed by the U.S. Department of Veterans Affairs, VA loans offer significant advantages over conventional mortgages.

Key VA Loan Benefits

• No down payment required: Purchase a home with 0% down in most cases.
• No private mortgage insurance (PMI): Saves hundreds per month compared to conventional loans.
• Competitive interest rates: VA loans typically offer below-market rates.
• Flexible credit requirements: More lenient than conventional loan standards.

VA Funding Fee

The VA charges a one-time funding fee (2.15%–3.3% for first use, higher for subsequent use) that is typically rolled into the loan amount. Veterans with service-connected disability ratings of 10% or more are fully exempt from the funding fee.

VA Loan Eligibility

• 90 consecutive days active duty during wartime, OR
• 181 days active duty during peacetime, OR
• 6 years in National Guard/Reserves, OR
• Surviving spouse of service member who died in the line of duty