VA loans offer powerful benefits for eligible veterans, active-duty service members, and military families. With no down payment, no private mortgage insurance, and competitive rates, VA home loans make it easier to buy or refinance a home. We’re here to guide you through the process with clarity and care.
A VA home loan is a government-backed mortgage designed for eligible veterans, active-duty service members, and surviving spouses. It offers key benefits like zero down payment, no private mortgage insurance, and competitive interest rates. This program helps make homeownership more affordable and accessible for those who have served.
VA loans are available to veterans, current service members, certain National Guard and Reserve members, and qualifying surviving spouses. Eligibility depends on your service history and is confirmed through a Certificate of Eligibility (COE). We can help you determine if you qualify and assist in getting your COE.
Yes. One of the most valuable features of a VA loan is the ability to purchase a home with no down payment. This means eligible buyers can finance 100% of the home’s value, helping you get into a home sooner without needing to save a large upfront amount.
No. VA loans do not require monthly private mortgage insurance (PMI), even when financing the full purchase price. Instead, a one-time funding fee helps support the program. This fee can often be rolled into your loan, and some veterans may be exempt from paying it entirely.
Yes, you can use your VA loan benefit more than once if you have remaining or restored entitlement. Whether you’re upgrading, relocating, or re-entering the market, your earned benefit can be used again. We’ll help you check your entitlement and guide you through the next steps.
Absolutely. VA loans include options like the Interest Rate Reduction Refinance Loan (IRRRL), which allows you to lower your rate with minimal paperwork. You can also explore a VA cash-out refinance if you want to access home equity or switch from another loan type to VA.
At LUMI Funding Group, we’re proud to serve those who have served. Our team understands the unique needs of veterans, active-duty service members, and military families, and we’re here to make the VA loan process simple, fast, and stress-free.
From confirming your eligibility to securing zero-down financing, we provide hands-on support and clear guidance every step of the way. We work hard to get you the best rate, avoid unnecessary costs, and close on time — because you deserve a home loan experience that’s built on respect, not red tape.
VA loans offer powerful benefits for eligible veterans, active-duty service members, and surviving spouses. Below are answers to the most common questions about how VA loans work, who qualifies, and how they can help you buy or refinance a home with zero down and no mortgage insurance.
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs. It’s available to eligible veterans, active-duty service members, and surviving spouses. VA loans offer no down payment, no private mortgage insurance, and competitive rates — making homeownership more affordable for those who qualify.
Eligibility is typically based on service history. Most veterans, active-duty service members, National Guard and Reserve members, and some surviving spouses qualify. You’ll need a Certificate of Eligibility (COE), which confirms your entitlement. We can help you request this document if needed.
No. One of the biggest advantages of a VA loan is that it allows you to finance 100% of the purchase price — no down payment required. This makes it easier to buy a home without waiting to save a large upfront amount.
No. VA loans do not require private mortgage insurance (PMI), even with zero down. This can save you hundreds each month compared to other loan types. Instead, a one-time VA funding fee is paid upfront, though this can often be rolled into the loan.
Yes. You can use your VA loan benefit multiple times throughout your life, as long as you still have entitlement available. You may also be able to restore your full entitlement after selling a previous home. We’ll help you determine your eligibility and options.
Absolutely. VA loans offer two refinance options — the Interest Rate Reduction Refinance Loan (IRRRL) for lowering your rate and the VA Cash-Out Refinance for tapping into your home’s equity. Both come with simplified approval and favorable terms.
VA loans offer zero down payment, no PMI, and competitive rates.
Available to eligible veterans, active-duty service members, and surviving spouses.
A Certificate of Eligibility (COE) is required to apply.
There is a one-time VA funding fee, which can be rolled into the loan.
You can reuse your VA loan benefits multiple times with remaining or restored entitlement.
VA refinance options include IRRRL (streamline) and cash-out refinance solutions.
