The Department of Veterans Affairs (VA) began offering a loan guarantee program or VA Mortgage many many years ago. This product is ONLY available to a Veteran or spouse of deceased veteran that has VA loan “eligibility” and offers loans up to 100% financing. Regular service, war time service, Reservists, and retired veterans should ask us about the options available. This program does require an up front fee much like FHA. It is called the funding fee. This fee varies widely dependent upon the type of service and whether you have obtained a VA guaranteed loan before. Veterans earning any disability income are likely exempt from this fee, making a VA loan even more attractive. Ask us if VA funding may be right for you.