VA Mortgage Calculator

A VA loan is a mortgage loan available to eligible U.S. veterans, active-duty service members, and their spouses. VA loans are guaranteed by the Department of Veterans Affairs and offer several advantages over conventional loans, including no down payment requirement, no private mortgage insurance (PMI), and competitive interest rates.

The VA funding fee is a one-time fee that helps offset the cost of the program to taxpayers. The fee varies depending on the type of service, down payment amount, and whether it is the first or subsequent use of the VA loan benefit. Some borrowers may be exempt from the funding fee, such as those receiving VA disability compensation.

VA loans have more flexible credit requirements compared to conventional loans, making homeownership accessible to more military members and veterans.