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Veteran Loans

Veteran Loans

CapCenter thanks you for your service.

Veteran loans issued by the VA offer great benefits to our armed service members. These loans have no down payment requirement.

Get pre-approved

Product requirements

Meeting product requirements does not guarantee qualification. All loan product offerings are subject to underwriting approval and do not represent a commitment to lend.
0%
Minimum down payment
620
Minimum credit score
60%
Max debt-to-income
ZERO
Closing costs

Product benefits

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No down payment

VA loans do not require a down payment.

No mortgage insurance

VA loans do not require mortgage insurance unlike Conventional and FHA options.

Refinance options

VA loans have streamlined refinance programs should you decide to take advantage of lower interest rates in the future. These refinances are referred to as VA Interest Rate Reduction Refinance Loans (IRRRLs) and have fewer documentation requirements and may not require an appraisal.

Additional considerations

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Funding Fee

VA Loans require a "Funding Fee" to secure financing. This fee ranges from 1.25% - 3.30% depending on your down payment, loan purpose, and other factors. CapCenter typically finances the Funding Fee into the loan amount, so money will not be due at closing.

Subsequent use

If you have previously used a VA loan, your Funding Fee will be greater for subsequent VA loans.

Certificate of Eligibility

You will need to furnish a Certificate of Eligibility (COE) to qualify for a VA loan. Requests can be submitted on the VA website.

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