Overview
VA loans are backed by the Department of Veterans Affairs and available to veterans, active-duty service members, National Guard, Reserves, and surviving spouses. Through American Pacific Mortgage, qualified borrowers can purchase with no down payment, no mortgage insurance, and a minimum FICO score of 580.
No Down Payment
100% financing available for qualified veterans and active military personnel.
No Mortgage Insurance
Unlike FHA and conventional loans, VA loans do not require monthly mortgage insurance premiums.
Competitive Rates
VA loans typically offer lower interest rates than conventional mortgages.
Flexible Credit
Minimum FICO score of 580 (APM requirement) with more lenient requirements than conventional loans.
Key Features
- No down payment required
- Upfront VA funding fee: 2.15% (first-time) or 3.3% (subsequent use) - can be rolled into loan amount
- No monthly mortgage insurance
- Reusable benefit for future home purchases
BEST FIT
If you're a veteran, active-duty service member, or eligible surviving spouse, a VA loan offers unmatched benefits with no down payment required and no monthly mortgage insurance. This is one of the most powerful home financing tools available to those who have served our country.
BENEFITS
VA loans provide exceptional value for military-qualified borrowers. With 100% financing available (no down payment), no monthly mortgage insurance, and typically lower interest rates than conventional mortgages, VA loans help veterans and service members achieve homeownership with less money out of pocket. The benefit is reusable, allowing you to use it for future home purchases. While there is an upfront VA funding fee (2.15% for first-time use, 3.3% for subsequent use), this can be rolled into your loan amount, and disabled veterans may qualify for a fee waiver.