VA Loan Calculator
Calculate VA loan payments for veterans, active duty military, and eligible spouses. VA loans offer no down payment, no PMI, and competitive rates with a funding fee.
- VA Loan Calculator: Calculate payments with funding fee
- VA Loan Benefits: Advantages for veterans
- VA Eligibility: Who qualifies for VA loans
VA Loan Calculator
Enter your home purchase details and military service information to calculate VA loan payments.
VA Loan Benefits
No Down Payment Required
- 100% Financing: Purchase with no money down
- Lower Barriers: Easier path to homeownership
- Cash Preservation: Keep cash for other needs
- Competitive Advantage: Stronger offers in competitive markets
No Private Mortgage Insurance
- Monthly Savings: No PMI payments required
- Lower Total Cost: Significant savings over loan life
- Better Affordability: More house for your budget
- Immediate Benefit: Savings start from day one
VA Loan Eligibility
Service Requirements
- Veterans: Honorable discharge with minimum service time
- Active Duty: 90+ days continuous service
- National Guard/Reserves: 6+ years service or 90+ days active duty
- Surviving Spouses: Of veterans who died in service or from service-connected disability
Property Requirements
- Primary Residence: Must be your primary home
- VA Appraisal: Property must meet VA standards
- Occupancy: Must move in within 60 days
- Property Types: Single-family homes, condos, manufactured homes
Financial Requirements
- Sufficient Income: Stable income to support payments
- Credit Standards: Most lenders prefer 620+ credit score
- Debt-to-Income: Generally 41% maximum DTI ratio
- Residual Income: Must meet VA residual income guidelines
VA Funding Fee
- One-Time Fee: Helps fund the VA loan program
- Exemptions: Waived for veterans with 10%+ disability rating
- Financing Option: Can be rolled into the loan amount
- Reduced Rates: Lower rates with down payment