VA Loans
VA loans are guaranteed by the U.S. Department of Veterans Affairs. Eligible veterans, active-duty service members, and surviving spouses can often buy with $0 down and no monthly PMI.
- No down payment required
- No PMI required
- Competitive interest rates
If you have earned a VA entitlement, using it is usually the lowest-cash way to buy a primary home in Michigan or Florida. Velocity helps you confirm remaining entitlement, Certificate of Eligibility, and occupancy rules before you shop.
No down payment does not mean no planning. We still walk through residual income, funding fees, and whether a seller credit or lender credit is the better way to cover closing costs.
VA appraisals include a minimum property requirement. We work with your realtor so inspection timing and repairs do not surprise you in underwriting.
Who it is for
- Veterans and active-duty service members
- Eligible surviving spouses
- Buyers who want to keep cash for the move instead of a down payment
Common questions
Do I need a down payment on a VA loan?
Most eligible borrowers can finance 100% of the purchase price on a primary residence. Funding fees and closing costs still apply unless they are paid by a credit.
Can I use a VA loan more than once?
Often yes, depending on remaining entitlement and whether a prior VA loan has been paid off. We check entitlement before you write an offer.