- Home
- Loan programs
- VA loan
VA loans with zero down and no monthly PMI
An earned benefit for veterans, active duty service members and eligible surviving spouses. Buy with nothing down and no mortgage insurance.
- Minimum down
- 0%
- Monthly PMI
- None
- Funding fee
- 0% to 3.3%
- Loan limit
- None with full entitlement
How a va loan works
VA home loans are guaranteed by the U.S. Department of Veterans Affairs. The guarantee lets lenders offer 100% financing and competitive rates without monthly mortgage insurance. With Hill Air Force Base in our backyard, VA loans make up about one in six of the purchases we close in Davis and Weber counties.
Instead of mortgage insurance, most borrowers pay a one-time VA funding fee that can be financed. Veterans with a service-connected disability rating are exempt. We pull your Certificate of Eligibility for you, usually in minutes.
What is included with Summit Ridge
Every va loan comes with one flat $995 lender fee, shown before you apply, plus everything below.
- Certificate of Eligibility pulled for you
- Funding fee exemption review
- Loan officers trained on VA residual income
- Seller concessions up to 4% plus closing costs
- IRRRL streamline refinance later
- Military relocation timelines and PCS support
The process, step by step
One loan officer and one processor from your first question to closing day.
- 1
Confirm eligibility
We request your COE and review service history and entitlement.
- 2
Pre-approval
Residual income and debt ratios are reviewed so your letter is solid.
- 3
VA appraisal
A VA-assigned appraiser confirms value and minimum property requirements.
- 4
Close
Sign with a title company or remotely if you are deployed or relocating.
Why borrowers choose it
No down payment
Keep savings for moving, furnishing or a rainy day fund.
No monthly PMI
On a $450,000 loan that can save roughly $200 or more each month compared with other low-down options.
Reusable benefit
Use it again after selling, or keep a VA home and buy another with remaining entitlement.
Limited closing costs
VA caps certain fees and lets sellers cover more of your costs.
Requirements and pricing factors
Your rate and approval depend on these factors. We explain exactly which ones move your price.
See sample rates- Eligibility
- Veterans, active duty, National Guard, Reserves, surviving spouses
- Credit score
- No VA minimum, our guideline is 580+
- Residual income
- Meets VA regional table for family size
- Occupancy
- Primary residence, 1 to 4 units
- Funding fee
- 2.15% first use with 0% down (sample), exempt with disability rating
VA loan questions
More answers in our full FAQ and learning center.
Yes. Entitlement is restored when you sell and pay off the loan, and partial entitlement can sometimes be used while you keep a VA home.
No. The VA does not set a minimum. We look at the whole picture, including residual income.
Your spouse can be a co-borrower. Surviving spouses of service members who died in service or from a service-connected disability may have their own eligibility.
Ready to price your va loan?
Pre-qualify in about 6 minutes with a soft credit check. No impact to your score and no obligation.
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