VA Mortgage Loans for Veterans

VA Loans

Fees up to At Loan Fox Inc., we pride ourselves on finding the right loan option for the right borrower. There many options out there and making sure that you have all the information needed to make the best decision is our number one priority.


For current and former military members living across the country, a VA loan is a great option. This loan type is guaranteed by the US Department of Veteran Affairs and is designed to give American Veterans and access to long-term financing with low interest rates.


The VA loan was originally established to provide qualified veterans with affordable home financing in locations where private financing was not available. It also provides borrows access to financing with no down payment. or mortgage insurance.

However, VA loans require a Funding Fee. of 2.3% for first time users and 3.6% for subsequent use to be paid to the Department of Veteran Affairs added into the loan and financed over the 100% purchase price. Disable Veteran's are exempt from the funding fee. The VA has removed the loan limit for 2020 and beyond.


A VA loan gives borrowers the ability to qualify for larger loan amounts that a traditional private conforming loan. A traditional conforming loan allows borrowers to insure a monthly payment up to 28% of their gross monthly income, where a VA loan will allow up to 50% of their gross monthly income and higher. debt ratio does not matter as much as the VA Loan Analysis which test for the required residual income in the household. For more details click here to find a local branch.


To apply for a VA loan, a potential borrower will need to complete a standard 1003 form which can be found by clicking HERE. Information that a potential borrower will need are copies of W2 statements for the past two years, copies of your two previous pay stubs, documentation of all assets, and a DD 214 statement.


Those eligible for home financing through a VA loan include American veterans, active-duty personnel, reservists or National Guard members, and surviving spouses of military members.


At Loan Fox Inc. we specialize in providing some of the most competitive rates for VA loans across the United States.


Please contact us for a quick and easy quote and begin your journey towards home ownership!

However, VA loans require a Funding Fee. of 2.3% for first time users and 3.6% for subsequent use to be paid to the Department of Veteran Affairs added into the loan and financed over the 100% purchase price. Disable Veteran's are exempt from the funding fee. The VA has removed the loan limit for 2020 and beyond.


A VA loan gives borrowers the ability to qualify for larger loan amounts that a traditional private conforming loan. A traditional conforming loan allows borrowers to insure a monthly payment up to 28% of their gross monthly income, where a VA loan will allow up to 50% of their gross monthly income and higher. debt ratio does not matter as much as the VA Loan Analysis which test for the required residual income in the household. For more details click here to find a local branch.


To apply for a VA loan, a potential borrower will need to complete a standard 1003 form which can be found by clicking HERE. Information that a potential borrower will need are copies of W2 statements for the past two years, copies of your two previous pay stubs, documentation of all assets, and a DD 214 statement.


Those eligible for home financing through a VA loan include American veterans, active-duty personnel, reservists or National Guard members, and surviving spouses of military members.


At Loan Fox Inc. we specialize in providing some of the most competitive rates for VA loans across the United States.


Please contact us for a quick and easy quote and begin your journey towards home ownership!

Speak to a loan officer today about VA loans. Click here to find a branch near you.