VA FAQ's
How much can I borrow?
VA loan amounts are contingent upon the VA limits in effect at the time of application and upon the veteran's unused entitlement amount.
Who pays discount points for these loan types?
Discount points vary according to the interest rate selected. The buyer, seller or any third party may pay discount points on VA loans.
What is the funding fee on a VA loan?
Depending on the down payment, the funding fee ranges between 2% and 3% of the loan amount.
Is there any prepayment penalty?
VA loans do not have a prepayment penalty.
How many times may I use my VA entitlement to get a VA loan?
Under certain circumstances, you may use your VA entitlement more than once. In many instances a veteran can obtain 100% financing.
Who pays for the closing costs?
Closing costs may be paid by anyone.
Am I eligible for a VA Loan?
Click here to see VA Eligibility Requirements.
Shelter Mortgage is a VA Automatic Lender. Your VA loan can be approved at our office, saving you a substantial amount of time.
To learn more about your loan options as a veteran, click here to find one of our knowledgeable loan officers near you.
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