VA home loans in DFW: 0% down, no PMI
You earned this benefit, and it's one of the best loans available anywhere. I'll help you use it well, from your Certificate of Eligibility to the closing table, and shop VA lenders so you get the best terms.
Why the VA loan is so powerful
With no monthly mortgage insurance, a VA loan often beats a conventional loan even when the conventional rate looks a little lower. I'll show you the side-by-side so you can see it in dollars.
Who's eligible
- Veterans who meet VA service requirements
- Active-duty service members
- National Guard and Reserve members who meet service requirements
- Some surviving spouses
Eligibility is confirmed with a Certificate of Eligibility (COE). I can usually pull it for you in minutes.
The VA funding fee
Most VA loans include a one-time funding fee that can be rolled into the loan. The amount depends on your down payment and whether you've used the benefit before. Veterans receiving VA disability compensation are generally exempt, which can save thousands.
If you have a disability rating, or a pending claim, tell me up front. It changes the math.
Myths I hear all the time
"I already used my VA loan, so I can't use it again."
The benefit is reusable. Entitlement can be restored after you sell, and in some cases you can have more than one VA loan at once.
"Sellers don't like VA offers."
A well-prepared VA buyer with a strong pre-approval competes fine. A big part of my job is making sure your agent and the listing agent know the file is solid.
"VA loans take forever."
My target is clear-to-close in 15 days once you're under contract. VA files move fast when they're prepped right up front.
Common questions
How much do I need to put down on a VA loan in Texas?
Eligible buyers can put 0% down on a VA loan. You'll still have closing costs, but sellers can contribute toward them, and the VA funding fee can be financed into the loan.
Do VA loans have PMI?
No. VA loans have no monthly mortgage insurance, which is one of the biggest advantages over conventional and FHA loans with less than 20% down.
Can I use my VA loan more than once?
Yes. The VA benefit is reusable. Entitlement can be restored after you sell and pay off a VA loan, and in some situations you can have more than one VA loan at the same time.
Who is exempt from the VA funding fee?
Veterans receiving VA disability compensation are generally exempt from the funding fee, along with some other groups such as eligible surviving spouses. Your Certificate of Eligibility will show your funding fee status.
How fast can you close a VA loan?
My target is clear-to-close in 15 days once you're under contract, provided the documents and appraisal come in on time.
I'm Matthew Parra, a mortgage broker with Hometown Lending based in Mansfield, TX. I've been originating loans in DFW since 2020 and shop 50+ wholesale lenders for every client. Rated 5.0 on Google. Read my reviews →
Let's look at your numbers
Tell me a little about your situation and I'll get back to you the same day, usually within a few hours.
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