2023 Zero Down VA home loans with NO upper Loan Limits
Started in 2020 VA will no longer require a down payment on a house because the value is higher than the conforming loan limit. Zero Down VA loans NO loan limit Jan 1st 2020.
Jan 1st 2023 conforming loan limit is $726,200. You buy a house for $1,200,000+ with your VA eligibility and it is ZERO down.
VA funding fees Effective January 1, 2020
VA-backed purchase loans
First time use:
2.30% Less than 5% Down Payment
1.65% 5% or more Down Payment
1.40% 10% or more Down Payment
After first use:
3.60% Less than 5% Down Payment
1.65% 5% or more Down Payment
1.40% 10% or more Down Payment
VA-backed cash out refinancing loans
First time use: 2.30%
After first use: 3.60%
VA-Interest Rate Reduction Refinancing Loans (IRRRLs)
First time use: 0.50%
After first use: 0.50%
The Funding fee can be paid upfront or rolled into your loan.
VA Loan Low Credit Score ZERO DOWN LOAN 500 Minimum Credit
VA IRRRL / Rate Reduction No Credit Score Required
