VA Loans
VA loans: zero down for those who served.
If you're eligible, this is usually the best loan available. No down payment, no PMI, competitive rates.
Who it's for
- Veterans, active duty service members, and eligible surviving spouses
- Valid Certificate of Eligibility (COE) required
- No minimum credit score set by VA, though lenders typically look for 580–620+
Why it's the strongest option available
- 0% down payment in almost all cases
- No monthly mortgage insurance
- VA funding fee can be rolled into the loan
- Reusable benefit, not a one-time perk
What you'll need
Your COE, service history documentation, and standard income verification. We handle the VA-specific paperwork so it doesn't slow down your closing.
Entitlement and the funding fee
Your VA entitlement is the amount the Department of Veterans Affairs guarantees on your behalf, and it is what allows lenders to finance 100 percent of the purchase price without mortgage insurance. Full entitlement means no loan limit in the traditional sense; what you can borrow is decided by income, credit, and the appraised value. If you already have a VA loan outstanding, partial entitlement applies and a down payment may be required on the second property. We pull your Certificate of Eligibility and tell you exactly where you stand before you write an offer.
In place of monthly mortgage insurance, VA loans charge a one-time funding fee that is usually financed into the loan. The percentage depends on whether it is your first use and how much you put down, and veterans receiving compensation for a service-connected disability are exempt from the fee entirely.
The VA appraisal and MPRs
VA appraisals establish value and confirm the home meets Minimum Property Requirements: safe, sound, and sanitary. Practically, that means working heat, a sound roof, safe electrical and plumbing, no exposed hazards, and clear legal access. Sellers in competitive markets sometimes worry the VA appraisal is slower or stricter than others. In our experience it is neither, provided the file is set up correctly and the listing agent is told what to expect. That is a conversation we are happy to have on your behalf.
Reusing and refinancing your benefit
The VA benefit is reusable for life. Sell the home and pay off the loan and your full entitlement restores, so it can be used again on the next purchase. Already in a VA loan? The Interest Rate Reduction Refinance Loan is a streamlined path to a lower rate with limited documentation, and a VA cash-out refinance can access equity at competitive terms. Check whether it makes sense with our refinance timing tool, compare against a conventional loan, or request a rate quote for your scenario.
Frequently asked
Do I need a down payment for a VA loan?+
In almost all cases, no. Eligible veterans and active service members can finance 100% of the purchase price with no down payment.
What credit score do I need for a VA loan?+
The VA sets no minimum credit score, but most lenders look for 580 to 620 or higher. We'll tell you where you stand before you apply.
Is there mortgage insurance on a VA loan?+
No monthly mortgage insurance. VA loans charge a one-time funding fee that can typically be rolled into the loan amount.
Can I use my VA loan benefit more than once?+
Yes. The VA loan benefit is reusable, not a one-time perk. You can restore full entitlement after paying off a previous VA loan.
Where we lend
Delaware and Pennsylvania are home base. Beyond that, we work with borrowers across the states below. These loans are available throughout our full lending footprint.
- Delaware
- Pennsylvania
- Alaska
- Alabama
- Arkansas
- Colorado
- Connecticut
- District of Columbia
- Florida
- Georgia
- Hawaii
- Iowa
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Missouri
- Mississippi
- Montana
- North Carolina
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Ohio
- Oklahoma
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
- Wisconsin
- West Virginia
- Wyoming
Contact
Talk to Our Team Directly
No call centers, no runaround. Reach out and get real answers on what you qualify for before you fall in love with a house.
Phone
302-600-3197Email
info@orangemtg.comHours
Mon-Fri 9am-6pm · Sat by appointment
Office
1301 N Harrison St, Suite 104
Wilmington, DE 19806Serving Delaware, Pennsylvania, and 37 more states
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