LESS JARGON.
MORE CLARITY.

A no-down-payment purchase may be available if you qualify and available entitlement and appraised value support the loan. Closing costs and a funding fee may still apply.

Credit is one part of the overall review, along with income, debts and other loan requirements. Lender standards apply. Talk with our team about your specific credit history rather than assuming a single number guarantees approval.

Verified BAH and some other military allowances may be included in qualifying income. Your lender reviews the amount, documentation and expected continuation. BAH can change when your duty station changes, so share PCS orders early.

Your COE is a VA document that helps a lender determine your eligibility and available entitlement. You may request it through the VA, or ask a lender for help. It is not a loan approval.

Often, yes. Previous use, entitlement still tied to another property and restoration rules affect your options. Review your COE with a loan officer before assuming a particular amount is available.

We can close qualifying VA loans in as little as 14 days. Talk with us early about your contract date and the documents available.

An IRRRL refinances an existing VA loan and is generally intended to improve its terms. Cash-out refinancing replaces a mortgage and may allow equity access. Each has different eligibility, costs and requirements.

The VA funding fee is a one-time charge that depends on the loan type and other factors, including prior use and down payment for purchase loans. Some borrowers qualify for an exemption. Your loan officer will verify your fee and exemption status.

Changes in employment or military pay can affect approval. Bring your service timeline and any documentation of future income to your loan officer early so the team can review continuity and the next steps.

Tell your loan officer about your orders, expected duty station, move date and who will occupy the home. VA occupancy rules have provisions for certain military situations; we’ll review what applies before you commit to a timeline.

Qualifying benefits may be considered as income when properly documented. Funding fee exemption is a separate determination. Your loan officer can help identify the benefit documentation and exemption verification needed for your situation.

No. A VA appraisal addresses value and applicable property requirements. An independent home inspection looks more closely at the home’s condition for you. We’ll help explain the difference and how the appraisal fits into your loan.

Seller credits may help with certain closing costs. VA rules limit seller concessions to 4% of the home’s reasonable value; ordinary closing-cost credits are treated separately. Have your lender review proposed credits and concessions before you finalize the contract.

Full entitlement generally removes the VA county loan-limit restriction, but it does not mean unlimited borrowing. Your lender still reviews affordability, credit and the appraisal. Remaining entitlement can change the down-payment calculation.

Some surviving spouses may qualify for a COE under VA rules. Service circumstances and other conditions matter. COE eligibility and the lender’s credit and income approval are separate steps; our team can help you understand where to start.

Eligibility depends on service history and other requirements. Veterans, active-duty service members, certain Guard and Reserve members, and some surviving spouses may qualify. A COE helps establish eligibility; credit and income approval are separate.

VA loans do not require monthly PMI. You may still have a VA funding fee, closing costs, property taxes and insurance.

Some borrowers qualify for exemption based on disability compensation, certain survivor benefits or other VA criteria. Ask your lender to verify your exemption status. A VA disability rating alone does not cover every circumstance.

No. Pre-approval is based on the information reviewed at that stage. Final approval depends on underwriting, verified information, an eligible property and other conditions.

No. Hero Loan is a private lender operating under Golden Empire Mortgage, Inc. The VA guarantees part of qualifying loans but does not endorse Hero Loan.