VA home loans offer unique benefits for veterans, active-duty service members, and eligible spouses, making homeownership more accessible. With WABondLoans.com, you can take advantage of these benefits to secure your dream home.
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As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan.
The VA Funding Fee is a one-time fee paid to the Department of Veterans Affairs to guarantee your VA home loan, enabling you to secure a mortgage with no down payment or minimal out-of-pocket costs. This fee is typically required for most VA loan borrowers, but exemptions may apply if you receive VA disability payments. Contact us to verify if you qualify for a VA funding fee exemption.
The VA funding fee varies based on factors such as:
The fee ranges from 1.25% to 3.3% of the loan amount. Generally, a larger down payment reduces the funding fee. Reach out to us for a personalized calculation of your VA funding fee cost.
No, you can include the VA Funding Fee in your loan and pay the funding fee over the course of your loan.
Yes, standard closing costs such as appraisal, title, and escrow fees apply. However, when purchasing a home with a VA loan, the seller may cover all or part of your closing costs, reducing your financial burden.
A VA Streamline Refinance, also known as an Interest Rate Reduction Refinance Loan (IRRRL), is a simplified refinance option for existing VA mortgage holders. It allows you to lower your interest rate with minimal or no closing costs and requires no bank statements, W2s, job verification, or paystubs.
These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.