$0 down payment
Most eligible buyers can purchase a primary home with no down payment at all, a rare and powerful advantage.
VA Loans for Arizona Veterans
Thank you for your service. Your VA home loan benefit is one you earned, $0 down, no monthly mortgage insurance, and competitive rates. Here's how to put it to work.
A Benefit You Earned
A thank-you that helps you buy a home
The VA home loan is one of the strongest benefits available to those who have served. Backed by the U.S. Department of Veterans Affairs, it was created to help veterans, service members, and eligible surviving spouses become homeowners with fewer barriers and lower costs.
As an independent mortgage broker, Howard Funding shops your VA loan across many wholesale lenders to find a strong rate and fair fees, and Chance will walk you through every step with the respect your service deserves.
Why the VA Loan Is So Valuable
VA loan benefits
Few loan programs stack up to what the VA benefit offers eligible buyers.
No monthly mortgage insurance
Unlike FHA and low-down conventional loans, VA loans carry no monthly mortgage insurance, real savings every single month.
Competitive rates
Because the VA backs the loan, VA rates are often among the most competitive available to qualified buyers.
Limited closing costs
The VA limits certain fees lenders can charge, and sellers are allowed to help with closing costs, reducing what you bring to the table.
Reusable benefit
Your VA loan entitlement can be restored and used again, this isn't a one-time-only benefit.
Flexible qualifying
VA loans use common-sense underwriting that can be more forgiving on credit and income, helping more veterans reach yes.
Who Qualifies
Eligibility overview
Eligibility is generally based on your service history. These are the broad groups who often qualify, we'll help you confirm your exact eligibility.
Veterans
Those who served and meet the required length and character of service typically qualify for the VA home loan benefit.
Active-duty service members
Active-duty members who meet minimum service requirements can often use the benefit while serving.
National Guard & Reserve
Many members of the National Guard and Reserve become eligible after meeting service thresholds.
Some surviving spouses
Certain surviving spouses of service members may be eligible, including in cases of service-connected loss.
Eligibility is confirmed with a Certificate of Eligibility (COE) from the VA. Please confirm your eligibility before you count on the benefit, Chance can help you request your COE and understand your entitlement.
Explained Plainly
What is the VA funding fee?
Most VA loans include a one-time charge called the VA funding fee. It goes to the VA, not the lender, and it helps keep the loan program running at no ongoing cost to taxpayers, so future service members can use it too. In other words, it's part of what keeps this benefit strong.
A few things that make it easier to handle:
- It can usually be financed into your loan instead of paid in cash at closing.
- The amount varies based on your down payment and whether you've used your VA benefit before.
- Veterans receiving VA compensation for a service-connected disability, and some other groups, may be exempt from the funding fee entirely.
We'll confirm whether an exemption applies to you and show you exactly how the funding fee affects your numbers before you move forward.
Quick Comparison
VA vs. conventional at a glance
If you're eligible, the VA loan is hard to beat for a primary home. Here's how the two compare.
| Feature | VA loan | Conventional loan |
|---|---|---|
| Down payment | $0 for most eligible buyers | As little as 3% |
| Monthly mortgage insurance | None | PMI required under 20% down |
| Who it's for | Eligible veterans & service members | Open to all qualified buyers |
| Credit flexibility | Common-sense, often flexible | Typically needs stronger credit |
| Funding fee / upfront cost | One-time VA funding fee (exemptions apply) | No funding fee |
| Reusable benefit | Yes, entitlement can be restored | Not applicable |
How It Works
Your VA loan, step by step
We handle the paperwork and keep you informed. Here's the path from first call to keys in hand.
Confirm eligibility & get your COE
We help you request your Certificate of Eligibility and confirm your entitlement so we know exactly what you qualify for.
Get pre-approved
A quick application confirms your budget and gives you a pre-approval letter that sellers and agents take seriously.
We shop your loan
Howard Funding compares VA pricing across many wholesale lenders to bring back a strong rate and fair fees.
Appraisal, underwriting & close
We order the VA appraisal, manage underwriting, and get you to the closing table, then you get the keys.
Common Questions
VA loan FAQs
Do I qualify for a VA loan?
Eligibility generally extends to veterans, active-duty service members, many National Guard and Reserve members, and some surviving spouses, based on your length and character of service. Eligibility is confirmed with a Certificate of Eligibility (COE). We can help you request your COE and confirm whether you qualify.
Do VA loans really require $0 down?
Yes. For most eligible buyers, VA loans allow a true $0 down payment on a primary residence, up to the amount you qualify for. You may still have closing costs, though VA limits certain fees and sellers can contribute.
Is there mortgage insurance on a VA loan?
No. VA loans do not have monthly mortgage insurance, which is one of the biggest ways they save you money each month compared with low-down conventional or FHA loans.
What is the VA funding fee?
The VA funding fee is a one-time fee that helps keep the program running for future service members. It can usually be financed into the loan, and it varies by your down payment and whether you've used the benefit before. Veterans receiving VA compensation for a service-connected disability, and some other groups, may be exempt from the fee.
Can I use my VA loan benefit more than once?
Yes. The VA loan benefit is reusable. Once you pay off or sell a home financed with a VA loan, your full entitlement can generally be restored, and in some cases you can have more than one VA loan at a time. We can help you understand your remaining entitlement.
Howard Funding LLC is a private mortgage broker. We are not affiliated with, endorsed by, or acting on behalf of the U.S. Department of Veterans Affairs or any government agency. VA loan eligibility and benefits are determined by the VA.
This is not a commitment to lend. Rates and terms are subject to change and vary by borrower qualification and property. VA funding fees, eligibility, and program guidelines are set by the U.S. Department of Veterans Affairs and are subject to change. Equal Housing Lender.
Ready when you are
Put your VA benefit to work.
Get a no-obligation pre-approval or just ask a question. Chance will give you a straight answer, fast, and thank you for your service.