Calculate your VA loan payment, understand funding fees, and see how VA loans compare to conventional financing — in seconds.
What Is a VA Loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs. No down payment required, no PMI, and interest rates that are typically 0.25% to 0.50% lower than conventional loans.
2026 VA Funding Fee Rates
First-time use with no down payment: 2.15%. Subsequent use with no down payment: 3.30%. 5% or more down: 1.50%. 10% or more down: 1.25%. Exempt veterans: 0%.
Who Is Eligible for a VA Loan?
Active-duty service members
Veterans with qualifying service
National Guard and Reserve members
Surviving spouses
Who Is Exempt from the VA Funding Fee?
Veterans receiving VA disability compensation
Active-duty Purple Heart recipients
Veterans entitled to disability compensation but receiving retirement pay