03 · Loan Program

VA Loans

A zero-down benefit earned by veterans, active duty service members, and eligible surviving spouses — one of the most powerful loan programs available.

Who a VA Loan Is For

Veterans with any length of honorable service and active duty members meeting minimum service requirements
Surviving spouses of veterans who died in service or from a service-connected disability
Buyers who want to purchase with no down payment and no private mortgage insurance
Veterans buying again — VA benefits can be restored and reused multiple times throughout a lifetime

How It Works

From first conversation
to closing day.

Certificate of Eligibility

Tanya pulls your COE directly from the VA to confirm your benefit eligibility and entitlement amount before the search begins.

VA Appraisal

A VA-assigned appraiser determines value and checks Minimum Property Requirements. The property must be safe, structurally sound, and sanitary.

Underwriting

VA loans are reviewed against VA guidelines with lender overlays. Residual income is verified in addition to DTI — a stricter but protective requirement.

Closing & Funding Fee

A one-time VA funding fee (typically 1.25–3.3%) is financed into the loan. Veterans with a service-connected disability rating of 10%+ are exempt.

Key Benefits

What makes this program
work for the right borrower.

Zero Down Payment

Purchase a primary residence with no down payment required. No other standard loan program offers 100% financing without income restrictions.

No Private Mortgage Insurance

VA loans carry no PMI regardless of down payment, saving most borrowers $150–$400 per month compared to conventional loans with low down payments.

Competitive Rates Below Market

Because VA loans are government-guaranteed, lenders offer rates consistently lower than conventional loans. Veterans typically save significantly over the life of the loan.

Requirements Snapshot

Quick-reference guidelines.

Eligibility	Veteran, active duty, National Guard, Reserves, or eligible surviving spouse with valid Certificate of Eligibility
Minimum Credit Score	580–620 depending on lender; VA has no stated minimum
Down Payment	0% required for full entitlement borrowers
Funding Fee	1.25–3.3% of loan amount (financed); waived for 10%+ disability rating
Loan Limits	No limit with full entitlement; county limits apply if entitlement is reduced

Edge Home Finance, LLC • NMLS #891464 • 5860 Baker Road, Minnetonka, MN 55345

Equal Housing Opportunity Lender. This is not a commitment to lend. All loans subject to credit approval.

Licensed in: Georgia and Florida • NMLS Consumer Access: www.nmlsconsumeraccess.org • Licensing & Disclosures

Equal Housing Opportunity