VA loans

Why VA beats almost everything else

Every other zero-down route charges monthly mortgage insurance. VA does not. On a $300,000 loan that difference alone is well over a hundred dollars a month, every month, for years.

There is a funding fee, normally 2.15% for a first use, and it is financed into the loan rather than paid at closing. Veterans receiving compensation for a service-connected disability are exempt from it entirely.

• No down payment on most purchases
• No monthly mortgage insurance, ever
• The funding fee is financed, not paid up front
• Reusable: entitlement can be restored

The eligibility part people get wrong

Eligibility is not only for recent service. National Guard and Reserve members qualify after enough service, surviving spouses can be eligible, and entitlement can be restored and used again after a previous VA loan is paid off.

Plenty of people who qualify assume they do not. It costs nothing to check, and the Certificate of Eligibility is something Jason can pull for you.

Millington and the Navy connection

NSA Mid-South in Millington puts a large service population in Tipton and north Shelby County, and VA financing is heavily used across that corridor.

It is also an area where sellers and agents are used to VA offers, which matters: a VA offer is sometimes wrongly treated as weaker. Handled properly it is not, and an experienced loan officer makes that case for you.

Questions people ask