Veteran-Owned Lender – $0 Down VA Home Loans

Empowering Veterans and Service Members to Achieve Homeownership

Achieve homeownership with the benefits you’ve earned. Fast, obligation-free pre-approvals designed for veterans, service members, and their families.

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Takes 60 seconds. No credit impact.

Veteran-Owned Business

Licensed in 11 States

Backed by 25+ Years of Experience

Key Benefits of a VA Home Loan

No Down Payment Required

Purchase a home without the need for a substantial upfront payment.

No Private Mortgage Insurance (PMI)

Eliminate the additional monthly cost typically required with low down payments.

Competitive Interest Rates

Enjoy lower rates compared to many conventional loans.

Lower Closing Costs

Benefit from caps on certain closing fees, reducing out-of-pocket expenses.

Flexible Credit Requirements

Qualify with a credit score that may be lower than what’s required for conventional loans.

VA Loan Eligibility Requirements

To qualify for a VA home loan, you must meet specific VA loan requirements.

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Service Eligibility: You must be an active-duty service member, veteran, or eligible surviving spouse.

Certificate of Eligibility (COE): Obtain a COE to verify your eligibility for the VA loan program.

Credit and Income: While the VA doesn’t set a minimum credit score, most lenders require a score of at least 620. You must also demonstrate sufficient income to cover mortgage payments and other obligations.

Primary Residence: The property must be intended as your primary residence.

Customer Reviews

Leo2 months ago
				It’s rough out here on these streets (the streets of purchasing a home in this post-great interest rate world). I shopped my interest rate with at least eight different lenders, and I can tell you that not all loans are created equal. There are points/buy downs, different interest rates, and lender’s fees/credits that must all be accounted for when selecting a mortgage. My personal goal was to get the lowest possible rate with the lowest possible loan/closing costs. If that is your goal (I am not a loan officer, broker, lawyer, or anything else that should make you think I am an expert), then it should be a pretty simple selection: look for the lowest rate with no “points” (a way to ‘buy down’ your interest rate by paying a set amount to the lender up front). As of today, average interest rates for a 30 year fixed VA loan is 6.71%. Most of my loan offers came in at 6.5% without points and excellent credit. Salute Mortgage (a Veteran Owned Small Business… if that’s important to you… as it was for me) came in significantly lower than where most of my other loan offers were. Beyond that, Steve Neyman, my loan officer, was great with communication and handed me off to their loan closing team in a manner that I did not have to rehash information I had already provided earlier, while ensuring we had no trouble closing on time. Now, I will say that Salute is the mortgage originator and are originating the loan for another bank/financial institution. That means I’ll be sending my payments to (in this instance) PennyMac and not to Salute Mortgage. I imagine this allows Salute to shop rates with multiple partnered banks and is likely what allowed them to give me that lowest rate. If the loan being assigned to an outside financial institution is a deal breaker for you (some loan offers highlighted that “we won’t sell your loan”… which I suppose only becomes a concern because you’ll have to change to whom you send your payments at some point in the life of the mortgage), I can only say that I think you are looking at this through the wrong lens. First, Interest rates have effectively more than doubled from 2020 rates, so if we are fortunate enough to see those amazing rates again, you’ll likely refinance and have to change where you send your payment anyhow. And if you’re buying a home now, you probably (even if you don’t know it yet) already subscribe to the notion that you are marrying the house and simply dating the rate. So, if your goal is to get a great rate, low origination costs, and close on time, I highly recommend the team at Salute Mortgage!
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Tu4 months ago
				Salute Mortgage was recommended directly for anyone using the VA Loan. My loan officer was Jackie Leah, THE PERSON YOU NEED for when using the VA Loan! My first time home purchasing went amazing smooth! Jackie was professional, knowledgeable, honest/trustworthy, & fast! She provides all the information in according to each progress along with advice that benefits us at that time. She was ALWAYS AVAILABLE when need and gave us clear instructions to proceed to the next step. She continued to help us all the way to the signing date and a few days post! Salute Mortgage is a must for veterans or veterans spouses using the va loan!
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Greg8 months ago
				Working with Jackie and Todd was a breeze! Todd got us a competitive rate. Jackie was always one step ahead on the process. I would definitely use Salute again.
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Bob8 months ago
				The process was easy and fast. Jackie was great and always available for any questions.
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Understanding VA Loan Down Payments and Funding Fees

One of the most significant benefits of a VA loan is the no down payment requirement. However, borrowers are typically required to pay a VA funding fee, which helps sustain the program. This fee varies based on factors such as loan type, down payment amount, and whether it’s your first VA loan. For example, first-time users with no down payment may pay a funding fee of 2.15% of the loan amount. Making a down payment of 5% or more can reduce this fee.

The VA Loan Process

Navigating the VA loan process involves several key steps

Get Pre-Approved

Obtain Your Certificate of Eligibility (COE): This document verifies your eligibility for a VA loan.

Pre-Qualification: Work with a lender to assess your financial situation and determine how much you can afford.

Home Search and Purchase Agreement: Find a suitable home and enter into a purchase agreement.

Loan Application and Processing: Submit your loan application, and the lender will process and underwrite the loan.

Appraisal and Closing: The property will be appraised to ensure it meets VA standards, followed by the loan closing.

VA Loan vs. Conventional Loan

When comparing VA loans vs. conventional loans, consider these

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Down Payment: VA loans typically require no down payment, whereas conventional loans often require at least 3-5%.

Mortgage Insurance: VA loans do not require PMI, while conventional loans usually require it if the down payment is less than 20%.

Interest Rates: VA loans often offer lower interest rates compared to conventional loans.

Credit Requirements: VA loans have more flexible credit requirements, making them accessible to borrowers with lower credit scores.

VA Home Loan FAQs

Who is eligible for a VA home loan?

VA loans are available to active-duty service members, veterans, National Guard and Reserve members, and eligible surviving spouses. Eligibility is based on service duration and discharge status. Not sure if you qualify? We’re happy to help you find out.

What are the benefits of using a VA loan?

VA loans offer zero down payment, no private mortgage insurance (PMI), and competitive interest rates. They’re one of the most powerful tools for helping military families achieve homeownership with less financial stress.

Can I use a VA loan more than once?

Yes! As long as you still meet eligibility requirements, you can use your VA loan benefit multiple times. You may even have remaining entitlement to use while still holding a previous VA loan.

How much can I borrow with a VA loan?

There’s no official loan limit with full entitlement, but lenders will still evaluate your income, credit, and debts. We can help you understand how much home you can afford—and get pre-approved quickly.

Get Started with Your VA Home Loan

Salute Mortgage is here to guide you through the VA loan process, ensuring a smooth and efficient experience.

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