VA Loans | 0% Down Home Loans for Veterans | Convoy Home Loans

What Is a VA Loan?

A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). Qualified lenders issue the loans, and the VA guarantees a portion of the loan, reducing the lender's risk and allowing for more favorable terms for eligible borrowers.

The VA loan program was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).

"A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry)."

Key Benefits of VA Loans

0% Down Payment

Purchase a home with little to no money down.

No Private Mortgage Insurance (PMI)

Significant monthly savings compared to conventional loans.

Competitive Interest Rates

Often among the lowest available.

Flexible Credit Guidelines

More lenient than conventional loans.

No Loan Limits (in most cases)

Borrow up to the full purchase price in conforming areas.

Funding Fee Flexibility

Can often be rolled into the loan or waived for certain service-connected disabilities or eligible veterans.

Assumable Loans

Future buyers can assume your VA loan, a major advantage when selling.

VA loans are an outstanding benefit earned through military service, and we're here to help you maximize it.

Potential Drawbacks

VA Funding Fee

A one-time fee (typically 1.25%-3.3%) that can be financed into the loan.

Eligibility Requirements

Must have a Certificate of Eligibility (COE) and meet service requirements.

Property Occupancy

Must be used as your primary residence.

Appraisal Requirements

Property must meet VA Minimum Property Requirements.

Entitlement Usage

Partial or full entitlement used on the current loan may limit future VA loans.

Who Should Consider a VA Loan?

VA loans are perfect for:

Veterans with honorable service

Active-duty military personnel

National Guard and Reserve members with qualifying service

Surviving spouses of veterans (who have not remarried)

First-time and repeat buyers who want to leverage their earned benefits

Military families relocating to the San Diego area

Buyers seeking maximum affordability with minimal out-of-pocket costs

How a VA Loan Works

Obtain Your COE

We help you request your Certificate of Eligibility quickly.

Pre-Approval

We review your income, credit, and service history to determine your VA buying power.

Find a Home

Shop with confidence knowing you can buy with 0% down.

VA Appraisal

Ensures the property meets VA standards and is valued appropriately.

Closing

Close with low or no down payment and move into your new home.

Ongoing

Enjoy no PMI and lower monthly payments while building equity.

We specialize in making the VA loan process smooth and stress-free for our military clients.

VA Loan vs. Other Options

Loan Type	Down Payment	Mortgage Insurance	Interest Rates	Best For
VA Loan	0%	None	Excellent	Eligible veterans & service members
FHA Loan	3.5%	Yes (MIP)	Very Good	Lower credit & first-time buyers
Conventional	3-20%	PMI (removable)	Good	Strong credit & larger down payments
USDA Loan	0%	Yes	Good	Rural property buyers

Why Choose Convoy Home Loans for Your VA Mortgage?

As a nationally licensed mortgage broker (NMLS #2130517) with offices in San Diego and El Segundo, we have extensive experience with VA loans and strong relationships with VA-approved lenders. Our mission is simple: provide financing options that enhance your standard of living while treating you like family.

We understand the unique needs of military families and are committed to honoring your service with fast, respectful, and expert guidance.

Ready to use your VA benefit and buy your dream home in San Diego? Get pre-approved for a VA loan today - no obligation.

Frequently Asked Questions

Who is eligible for a VA loan?

Veterans, active-duty service members, certain National Guard/Reserve members, and eligible surviving spouses may qualify.

Can I buy a home with 0% down using a VA loan?

Yes - 100% financing is available for eligible borrowers with full entitlement.

Is there a limit on how much I can borrow with a VA loan?

No county loan limits for VA loans in most cases, allowing you to finance the full purchase price.

Do I have to pay the VA funding fee?

It can often be financed into the loan. The fee may be waived for veterans with service-connected disabilities.

Can I use a VA loan more than once?

Yes - you can reuse your VA entitlement if you've paid off a previous VA loan or meet restoration requirements.

Do you help veterans outside California?

Yes - we are licensed in many states and proudly serve eligible military families nationwide where permitted.

Convoy Home Loans · NMLS #2130517 · Licensed Mortgage Broker
AZ · CA · CO · FL · GA · ID · MD · MI · MN · NC · NM · OH · OR · PA · TN · TX · VA · WA and more
This is not a commitment to lend. All loans subject to credit approval. Equal Housing Lender.

VA Loans | 0% Down & No PMI with Convoy Home Loans