0% Down Payment Home Loans for Veterans and Active Military
VA loans offer 0% down payment with competitive rates for eligible veterans and active military in Raleigh, NC. Jason Iacovelli (NMLS #3370) specializes in VA loans with 30+ years experience helping military families achieve homeownership. Unlike FHA loans or conventional loans, VA loans require no private mortgage insurance and offer the most competitive terms for qualified borrowers.
You can use your VA loan benefit multiple times throughout your life. Once you sell or pay off a home, your entitlement is restored for future use.
VA options are available with no fixed minimum credit score, including for borrowers with no credit score. Approval depends on the full application and lender review.
No down payment is required for VA loans, making it the only major loan program offering 100% financing with competitive rates.
VA loans are mortgage loans backed by the U.S. Department of Veterans Affairs, designed to help veterans, active-duty service members, and eligible surviving spouses purchase homes with no down payment and competitive interest rates.
VA options are available with no fixed minimum credit score, including for borrowers with no credit score. Approval depends on the full application and lender review.
0% required
Typically 41% or less
2.15% (can be financed)
We can help you obtain this from the VA
Know your budget before house hunting
Work with a real estate agent in Wake County
Required to ensure property meets VA standards
Move into your new home with 0% down!
Yes! Your VA loan benefit is reusable. Once you pay off your VA loan, you can use it again to purchase another home.
The VA funding fee is typically 2.15% for first-time use with 0% down. It can be financed into your loan and varies based on down payment and usage.
As of 2020, there are no loan limits for veterans with full entitlement. You can borrow as much as you qualify for based on income and credit.
Yes, but the condo must be VA-approved. We can help verify if a condo qualifies for VA financing.
No, VA loans do not require private mortgage insurance (PMI), which saves borrowers hundreds per month compared to conventional loans.
VA options are available with no fixed minimum credit score, including for borrowers with no credit score. Approval depends on the full application and lender review.
Yes, VA construction loans allow you to finance both land purchase and construction costs with one loan and 0% down.
With proper documentation, VA loans can be approved in 2-3 weeks. We expedite the Certificate of Eligibility process.
Sellers cannot legally discriminate against VA buyers. VA loans are competitive with strong appraisal standards protecting all parties.
Single-family homes, townhomes, condos (if VA-approved), and multi-unit properties (up to 4 units) qualify if you occupy one unit.