Zero down payment. No mortgage insurance. Competitive rates. The VA loan is one of the most powerful benefits available to those who've served — and we specialize in it.
Veterans, active-duty service members, and surviving spouses may qualify for a VA loan with zero down payment. Let's find out together.
Use our VA purchase calculator to estimate your monthly payment with zero down — and see how VA rates compare to conventional financing.
Try the CalculatorOur licensed VA loan officers understand the program inside and out — funding fees, entitlement, IRRRLs, and everything in between. No pressure.
Schedule a CallEligible veterans and service members can purchase a home with no down payment, no private mortgage insurance, and some of the most competitive rates available anywhere.
No down payment required for eligible borrowers — up to the full conforming loan limit. Keep your savings intact for moving costs, furniture, or an emergency fund. The VA loan is the only major loan program that requires nothing down with no mortgage insurance added.
Conventional borrowers who put less than 20% down pay PMI — often $100–$250 per month. VA loans have no PMI whatsoever. Instead, there is a one-time VA Funding Fee (which can be financed), and then you're done. No recurring insurance premiums ever.
VA loans consistently offer lower interest rates than conventional financing for qualified borrowers. Because the VA guarantees a portion of the loan, lenders take on less risk and can offer better pricing. Lower rate plus no PMI makes for a genuinely powerful monthly payment.
The VA does not set a minimum credit score — individual lenders do. VA loans are generally more forgiving of past credit challenges than conventional financing. If your credit has had some bumps, a VA loan may still be within reach. Talk to us and we'll give you an honest assessment.
Payment estimates are for illustrative purposes only. Assumes 770+ credit score, owner-occupied primary residence. Not a commitment to lend. View full disclosures ↓
This is not a commitment to lend. All loans are subject to credit approval. Not all applicants will qualify. Eligibility is subject to review of your specific loan details and guidelines. Affinity Mortgage, LLC is an Equal Housing Lender. NMLS# 2579. Affinity Mortgage, LLC is not a government agency and is not affiliated with or acting on behalf of the Department of Veterans Affairs, FHA, HUD, or any other government entity.
Interest rates and monthly payment estimates are for educational purposes only and do not constitute an official Loan Estimate or a commitment to lend. Rates assume a borrower with a credit score of 770 or higher, an owner-occupied primary residence, and a Loan-to-Value (LTV) ratio appropriate for the selected product (VA assumes program-specific requirements). APR may differ from the interest rate. Contact Affinity Mortgage for your actual personalized rate quote.
VA loans are available to eligible veterans, active-duty service members, and surviving spouses. The VA Funding Fee varies based on first-time vs. subsequent use and down payment amount. Borrowers with a qualifying service-connected disability rating are typically exempt. The funding fee may be financed into the loan or paid at closing. Affinity Mortgage, LLC is a VA-approved lender but is not acting on behalf of or at the direction of the Department of Veterans Affairs.
Discount points are prepaid interest paid at closing to reduce your interest rate. One point equals one percent (1%) of the loan amount. The break-even period shown is an estimate of the number of months required to recover the upfront cost of discount points through reduced monthly principal & interest payments, compared to the zero-point option. This calculation is based solely on the additional upfront cost of discount points and does not account for all loan closing costs.
The APR shown reflects the annual cost of borrowing and includes the stated interest rate plus upfront finance charges (discount points and an assumed lender fee of $495) spread over the full 30-year loan term. APR does not include title, escrow, or other third-party closing costs. Your official APR will be disclosed on your Loan Estimate following application.
Enter your details below. You will then be forwarded to the secure Affinity Mortgage application system in a new tab.
By clicking "Start My Application", you agree that Affinity Mortgage LLC may contact you at the phone number provided, including via autodialed or prerecorded calls and text messages, regarding your mortgage inquiry. Consent is not required as a condition of purchasing any goods or services. Message and data rates may apply. You may opt out at any time by replying STOP. View our Privacy Policy.
Already have a VA loan? The Interest Rate Reduction Refinance Loan (IRRRL) — also called the VA Streamline — is the simplest way to refinance. Less documentation, no appraisal in most cases, and a low funding fee.
In most cases, the VA IRRRL does not require a new appraisal of your home. That means your current market value doesn't affect eligibility, and there's one less step in the process. We use your original VA appraisal or the existing loan data to move things along quickly.
The IRRRL is designed to be fast and streamlined. There's no income verification required in most cases — we confirm your existing VA loan, verify occupancy, and process the refinance with far less paperwork than a traditional refinance. Easier for you, faster for everyone.
The IRRRL funding fee is just 0.5% of the loan amount — significantly lower than a VA purchase or cash-out refinance. Veterans with a service-connected disability rating of 10% or higher are typically exempt from the funding fee entirely, reducing your closing costs further.
Because the IRRRL requires less documentation and typically no appraisal, the process moves faster than a conventional refinance. Many IRRRL transactions close in 30 days or less. If rates have dropped since you got your VA loan, the IRRRL is often the quickest path to a lower payment.
Payment estimates are for illustrative purposes only. Assumes 770+ credit score, 80% LTV, owner-occupied primary residence. Not a commitment to lend. View full disclosures ↓
This is not a commitment to lend. All loans are subject to credit approval. Not all applicants will qualify. Affinity Mortgage, LLC is an Equal Housing Lender. NMLS# 2579. Affinity Mortgage, LLC is not a government agency and is not affiliated with or acting on behalf of the Department of Veterans Affairs, FHA, HUD, or any other government entity. When refinancing an existing loan, your total finance charges may be higher over the life of your new loan.
Rates shown assume a borrower with a 770+ credit score, owner-occupied primary residence, and 30-year fixed term. VA programs assume eligibility and LTV requirements as specified by VA guidelines. Rates are for illustrative purposes only and are not a commitment to lend. Contact Affinity Mortgage for a personalized rate quote.
The "Current Est. P&I" shown is calculated using the loan balance and interest rate you entered, assuming a 30-year remaining term. This is a simplified estimate and will differ from your actual current payment if your remaining term differs from 30 years. This estimate does not account for extra payments made, loan modifications, or principal balance changes since origination.
Monthly savings shown represent the estimated difference between your current P&I payment and the new estimated P&I payment for each option. Savings estimates are for comparison purposes only. Actual savings will vary. These estimates do not account for closing costs beyond discount points and the assumed lender fee. Financing closing costs into your new loan increases your total loan balance and the total amount of interest paid over the life of the loan.
Discount points are prepaid interest paid at closing to reduce your interest rate. One point equals 1% of the loan amount. The break-even period shown estimates the number of months to recover the upfront cost of discount points through reduced P&I payments, compared to the zero-point option. This calculation is based solely on the additional upfront cost of discount points and does not account for all loan closing costs.
APR is calculated using the stated interest rate plus upfront finance charges (discount points and an assumed lender fee of $1,195), spread over the full 30-year loan term. APR does not include title, escrow, recording fees, or other third-party costs. Your official APR will be disclosed on your Loan Estimate after application.
VA IRRRL funding fee is 0.5% of the loan amount, which may be financed into the loan or paid at closing. For VA cash-out refinances, the funding fee is 2.15% for first-time use and 3.3% for subsequent use. Borrowers with a qualifying service-connected disability are typically exempt. VA cash-out refinances require the lender to determine a net tangible benefit to the borrower as defined by VA guidelines. Affinity Mortgage, LLC is a VA-approved lender but is not acting on behalf of or at the direction of the Department of Veterans Affairs.
Enter your details below. You will then be forwarded to the secure Affinity Mortgage application system in a new tab.
By clicking "Start My Application", you agree that Affinity Mortgage LLC may contact you at the phone number provided, including via autodialed or prerecorded calls and text messages, regarding your mortgage inquiry. Consent is not required as a condition of purchasing any goods or services. Message and data rates may apply. You may opt out at any time by replying STOP. View our Privacy Policy.
The VA cash-out refinance lets eligible homeowners access their home equity to pay off high-interest debt, fund home improvements, or consolidate bills — even if your current loan isn't a VA loan.
The VA cash-out program allows eligible borrowers to refinance up to 100% of their home's appraised value — far more than most conventional or FHA cash-out programs allow. That means maximum access to the equity you've built, on terms that work in your favor.
If you're carrying credit card balances, auto loans, or personal loans at high interest rates, a VA cash-out refinance can roll those into a single, lower-rate mortgage payment. Many borrowers reduce their total monthly obligations significantly with this approach.
Use your equity to renovate your kitchen, add a deck, finish a basement, or make needed repairs — without a separate home equity loan or HELOC. The improvements can increase your home's value while you enjoy the upgrades, and the interest may be tax-deductible. Ask your tax advisor.
Currently in a conventional or FHA loan? The VA cash-out refinance can replace your existing mortgage with a VA loan, unlocking VA benefits — including potentially better rates and access to your equity — even if your original purchase loan wasn't a VA product. Eligible veterans should always explore this option.
Not every lender knows VA loans the way we do. Here's what sets Affinity Mortgage apart for veteran and military borrowers.
We've processed hundreds of VA loans — purchases, IRRRLs, and cash-outs. Our team understands VA entitlement, funding fee exemptions, COE requirements, and occupancy rules. When questions come up (and they do), we have the answers and the experience to keep your loan on track.
VA purchase loans, VA IRRRLs, and VA cash-out refinances — we offer all of them. Whether you're buying your first home with your VA benefit, streamlining a rate, or accessing equity to pay down debt, we can handle it all without bouncing you between departments or lenders.
You've earned your VA benefit. You deserve to work with a lender who respects that. Our loan officers explain every option clearly, answer questions honestly, and never push you toward a product that isn't right for your situation. We're here to help you make the best decision — not just close a loan.
We answer these questions every day. Here are the honest answers. Still not sure? Call us.