https://blog.cfcmtg.com/tags/veterans/Recent content in Veterans on Coastal Funding BlogHugoen-usWed, 21 Oct 2026 06:00:00 -0500https://blog.cfcmtg.com/posts/va-home-loan-guide-veterans-day/Wed, 21 Oct 2026 06:00:00 -0500https://blog.cfcmtg.com/posts/va-home-loan-guide-veterans-day/<p><strong>A VA home loan is a mortgage backed by the U.S. Department of Veterans Affairs for eligible veterans, service members, and some surviving spouses. Most borrowers can buy with no down payment and no monthly mortgage insurance. In exchange, most pay a one-time VA funding fee. This Veterans Day, here&rsquo;s how the benefit works and what it costs.</strong></p> <h2 id="key-takeaways">Key Takeaways</h2> <ul> <li><strong>No down payment</strong> is often required for borrowers with full entitlement.</li> <li><strong>No monthly mortgage insurance</strong>, ever. Most borrowers pay a one-time funding fee instead.</li> <li><strong>Funding fee:</strong> 2.15% of the loan for a first-time purchase with less than 5% down (<a href="https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/">VA.gov</a>).</li> <li><strong>Rates:</strong> Mortgage News Daily&rsquo;s 30-year VA index was 7.04% on October 20, 2026.</li> <li>Veterans with a service-connected disability rating are usually <strong>exempt</strong> from the funding fee.</li> </ul> <h2 id="why-veterans-day-is-a-good-time-to-talk-about-the-va-loan">Why Veterans Day Is a Good Time to Talk About the VA Loan</h2> <p>Veterans Day falls on November 11. It began as Armistice Day, marking the end of World War I fighting on the 11th hour of the 11th day of the 11th month in 1918. Congress renamed it Veterans Day in 1954 to honor veterans of all wars.</p>