VA Home Loans – Built for Those Who’ve Served

100% Financing • No PMI • Competitive Rates

At Cap One Lending, we proudly serve Veterans, active-duty service members, reservists, and eligible surviving spouses through our specialized VA home loan program. As a Veteran-owned company, we understand the value of service and are committed to making homeownership easier for those who served our country.

Whether you're buying your first home, refinancing, using your VA benefit again, or converting a prior home into a rental property, our team is here to help.

✅ What Is a VA Loan?

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs that allows eligible borrowers to buy or refinance with powerful benefits including:

0% down payment
No monthly PMI
Competitive interest rates
Flexible credit guidelines
Limited closing costs
Reusable entitlement

VA loans remain one of the best mortgage options available today.

💡 Key Benefits of VA Loans

✅ No Down Payment Required – Finance up to 100% on eligible purchases

✅ No Private Mortgage Insurance (PMI) – Lower monthly payments vs FHA / Conventional

✅ Flexible Credit Guidelines – Lower score options available

✅ Low Interest Rates – Government-backed financing often priced competitively

✅ Seller Paid Closing Costs Allowed – Up to 4% seller concessions plus allowable closing costs and prepaid items where permitted

✅ Reusable Benefit – Many borrowers can use VA financing multiple times

✅ Keep Existing Home as Rental – Borrowers may convert a prior primary residence into a rental property and may use remaining or restored entitlement to purchase another primary home, subject to qualification and entitlement availability

✅ No Prepayment Penalty – Pay off your loan early anytime

✅ Assumable Loan Benefit – Future buyers may be able to assume your low-rate loan

✅ VA Streamline Refinance (IRRRL) – Lower rate/payment with reduced documentation

🏡 Eligible Property Types

Single-family homes
Townhomes
VA-approved condos
2–4 unit properties (must occupy one unit)
Manufactured homes on permanent foundation (where eligible)
New construction homes
Some modular homes

📝 VA Loan Guidelines

Minimum Credit Score

580+ Purchase / Cash-Out
Low / No score options may be available on select IRRRL loans

Loan Amounts

Up to $2,000,000+ available for qualified borrowers

Occupancy Requirement

VA loans are for primary residences at time of purchase.

A borrower may later convert the property into a rental or investment property after occupying it as their primary residence and may be eligible to use VA financing again on a new primary residence depending on entitlement, income, and qualification.

Gift Funds

Allowed from eligible donors.

Seller Contributions

VA allows up to 4% seller concessions. In addition, sellers may also pay certain normal closing costs and prepaid items subject to VA guidelines.

Examples may include:

VA funding fee
Debt payoff
Discount points
Prepaid taxes/insurance
Appliances or incentives

💰 2026 VA Funding Fee Chart

The VA funding fee is a one-time fee paid on most VA loans and may often be financed into the loan amount.

Purchase Loans / Construction Loans

Down Payment	First Use	Subsequent Use
Less than 5%	2.15%	3.30%
5% or More	1.50%	1.50%
10% or More	1.25%	1.25%

Cash-Out Refinance

Use Type	Funding Fee
First Use	2.15%
Subsequent Use	3.30%

VA IRRRL

Loan Type	Funding Fee
All Uses	0.50%

Assumptions

Loan Type	Funding Fee
Assumption	0.50%

Possible Exemptions

You may be exempt if:

Receiving VA disability compensation
Eligible for compensation but receiving retirement pay instead
Eligible surviving spouse
Certain Purple Heart active-duty borrowers

📈 2026 VA Loan Limits (Partial Entitlement Only)

Veterans with full entitlement generally have no VA loan limit.

Borrowers with partial entitlement may use county conforming loan limits.

Units	Standard Area	High-Cost Area
1	$832,750	$1,249,125
2	$1,066,250	$1,599,375
3	$1,288,800	$1,933,200
4	$1,601,750	$2,402,625

🔄 VA Refinance Options

VA IRRRL (Interest Rate Reduction Refinance Loan)

Designed for borrowers who already have a VA loan.

Highlights

✅ Lower monthly payment or interest rate

✅ Switch ARM to fixed rate

✅ Usually no appraisal required

✅ Reduced documentation

✅ Faster closing process

✅ 0.50% funding fee (can usually be financed)

Occupancy / Rental Flexibility

Borrower must have previously occupied the home as their primary residence.

Current occupancy is often not required, meaning some borrowers may refinance through an IRRRL after converting the property to a rental or moving to a new primary residence.

Seasoning Requirements

Must meet BOTH:

210 days from first payment due date
6 consecutive monthly payments made

Recoupment Rule

Costs paid by borrower must generally be recouped within 36 months through monthly principal and interest savings.

Recoupment Calculation Excludes:

VA funding fee
Escrow accounts
Transfer taxes
Certain prepaid items such as taxes and insurance

Example:

$3,000 allowable costs ÷ $150 monthly savings = 20 month recoupment

Great IRRRL Candidates

Already have a VA loan
Want lower payment or rate
Want to move from ARM to fixed
Have made at least 6 payments
Prefer limited paperwork and faster closing

💵 VA Cash-Out Refinance

Use your home equity for:

Debt consolidation
Home improvements
Large expenses
Refinance non-VA loan into VA loan

Up to program limits and qualification requirements.

⭐ Why VA Loans Beat Other Programs

Feature	VA	FHA	Conventional
Down Payment	0%	3.5%	3%–5%+
Monthly Mortgage Insurance	No	Yes	Sometimes
Flexible Credit	Strong	Moderate	Moderate
Assumable	Yes	Limited	Rare

📚 Helpful VA Resources

Certificate of Eligibility (COE) Assistance
Funding Fee Review
Entitlement Review
IRRRL Analysis
Cash-Out Equity Review
Credit Qualification Review

📞 Get Pre-Approved for a VA Loan Today

You served our country — now let Cap One Lending serve you.

Our VA mortgage specialists will guide you through every step from consultation to closing.

📲 Call or Text: 816-905-1111
🌐 Apply Online Today

Veteran-Owned. Veteran-Focused. Mortgage Guidance You Can Trust.

Disclaimer

VA guidelines, funding fees, loan limits, eligibility, and program rules are subject to change. Not all borrowers qualify. All loans subject to credit, income, occupancy, entitlement, and property approval.

Helping Veterans