Veterans United Home Loan Information

The following page highlights the information for using a VA Home Loan through Veterans United, as well as the generosity of the Veterans United Foundation.

VA Home Loans

The Veterans United Foundation (VUF) has been extremely generous to the Marine Parents organization over the years. For seven years in row, 2014 through 2021, Veterans United in Columbia, MO awarded us with a $10,000 grant to help fund our outreach programs. In 2022, they increased the award to $25,000. If you're a veteran and in the market for a house, we highly recommend using Veterans United Home Loans. For more information, visit

VA Loans

Veterans, Service Members, and select military spouses all have the option to use the VA Home Loan, which is a $0 down mortgage option.

The VA Loan was created in 1944 to help service members buy homes without needing a down payment or great credit. More than 24 million home loans have been guaranteed to allow veterans and service members to purchase homes for themselves and their families.

Lenders across the nation have tightened their requirements due to the recent housing collapse. That has made the VA Home Loan much more important to ensure veterans and service members are able to purchase homes.

VA Loans vs. Conventional Loans

The VA Loan offers many advantages to military families looking to purchase a home. VA Loans are among the last 0% down home loans available today. Conventional loans can require up to 20% down to secure a home loan. VA Loans are government backed, meaning buyers don't have to purchase Private Mortgage Insurance (PMI). For borrowers who finance more than 80% of the home's value, they are required to purchase PMI. VA Loans offer competitive interest rates because lenders are taking on less risk. Conventional loans don't have that safety and therefore offer less competitive rates. All in all, the VA Loan being backed by the government make it a much more palatable option for veterans and service members.


The federal government does not directly give out loans to veterans. Private lenders, including Veterans United, finance the loans while Department of Veterans Affairs offers a guaranty. This guaranty protects the lender from total loss and provides an incentive to offer loans with better terms.

VA Loan Limits

As long as veterans qualify with their full entitlement, they can borrow as much as the lender is willing to extend. They can do so without putting down money first. Loan limits only apply to those who don't qualify with their full entitlement. This can happen when they have more than one active VA Loan or when they lost a previous loan to foreclosure.

Funding Fees

The VA Funding Fee goes directly to the VA to ensure the program keeps running for future generations of Veteran and military homebuyers by removing any additional burdens off tax payers and veterans. The fee may vary depending on each individual's circumstances and do not apply to veterans with service-connected disabilities. The funding fee is typically 2.3% of the purchase price for first time home buyers. For subsequent use of your VA loan benefit, the fee is 3.6 percent.

VA loan borrowers can also include the funding fee in the overall loan amount. Closing costs are also limited with the VA Loan and are often covered by the seller.

Information on this page taken from

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