A VA Purchase Loan is one of the most powerful benefits available to veterans, active-duty service members, and eligible spouses. Backed by the U.S. Department of Veterans Affairs, this loan allows you to buy a home with no down payment, no private mortgage insurance (PMI), and flexible credit guidelines. It’s designed to make homeownership more affordable for those who have served our country.
Why Choose a VA Purchase Loan?
At Funded VA Home Loans, we specialize in helping veterans and service members unlock their VA benefits to achieve the dream of homeownership. Here’s why VA Purchase Loans are so popular:
- Zero Down Payment – Buy a home without saving for years.
- No PMI – Keep your monthly payments lower compared to FHA or conventional loans.
- Competitive Rates – Benefit from interest rates that are often lower than traditional loan options.
- Flexible Credit Standards – Past credit challenges don’t automatically disqualify you.
- Reusable Benefit – Use your VA loan benefit multiple times throughout your life.
Your Trusted VA Loan Partner
At Funded VA Home Loans, VA loans aren’t just part of what we do — they’re our specialty. We’re committed to guiding you through every step with expertise, care, and the respect you deserve.
No matter your situation, we’ll find your best financing option.
Curious about what loan option makes the most sense for you? Test it out by using our Comparison Mortgage Calculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Total cost after
1 year
years
TOTAL COST
YEARS
Option A
$/mo
Loan Type
Loan Amount
$
Interest Rate
%
Upfront Cost
$
Monthly Payment
$
Lifetime Cost
$
Option B
$/mo
Loan Type
Loan Amount
$
Interest Rate
%
Upfront Cost
$
Monthly Payment
$
Lifetime Cost
$
Estimated Costs
These costs are estimated based the information added in the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Loan Option A
Loan Option B
Loan Amount
$
$
Down Payment
$
$
Interest Rate
%
%
Loan Term
years
years
Taxes & Insurance Included?
Property Tax(1st year)
$
$
Home Owners Insurance(1st year)
$
$
HOA dues
$
$
Home Appreciation
%
%
Upfront Fee
$
$
Total upfront fees
$
$
Total Interest Payments
$
$
Total Principal Payments
$
$
Lifetime Cost
$
$
How We Calculate the Costs
Comparing Mortgage Options
This calculator helps you compare two different mortgage options. It takes into account various factors for each option:
Loan Details:
- Loan type (Conventional, FHA, VA, USDA)
- Loan amount
- Interest rate
- Loan term
- Down payment amount
- Property taxes
- Homeowners insurance
- HOA fees
- Private Mortgage Insurance (PMI) if applicable
- Conventional loans: Typically closing costs (2-5% of loan amount)
- FHA loans: Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount
- VA loans: VA Funding Fee (varies based on down payment and use)
- USDA loans: Upfront guarantee fee of 1% of the loan amount
- Monthly mortgage payment (principal and interest)
- Total interest paid over the life of the loan
- Total cost of the loan (including upfront fees, monthly payments, and additional costs)
- Annual home appreciation rate: %
- Monthly payment
- Total upfront costs
- Total cost over the life of the loan
- Break-even point (if applicable)
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
