0% down for eligible veterans. No PMI. If you've served, you've earned one of the most powerful mortgage programs available, and Beeline shops many lenders to help you make the most of it.
๐๏ธ 0% Down for Eligible VeteransNo Monthly PMINo County Limit, Full EntitlementFairchild AFB Area Served
Chris Hendrickson NMLS #145552 | Beeline Mortgage, LLC NMLS #1713379 | Licensed in WA & ID
0%
Down Payment
For eligible veterans
No PMI
Ever
No private mortgage insurance required
No Cap
Loan Amount
No conforming limit for full entitlement
2.15%
Funding Fee
First use, 0% down (waived for veterans receiving VA disability compensation)
The Basics
What Is a VA Loan?
A VA loan is a mortgage benefit guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, surviving spouses, and certain members of the National Guard and Reserves. The VA doesn't lend money directly, it guarantees a portion of the loan, which allows lenders to offer better terms than conventional financing.
Eligible veterans may be able to buy with no down payment and no monthly mortgage insurance, subject to VA eligibility, lender requirements, and approval. VA loans are available in fixed and adjustable-rate terms, and unlike conventional loans, they have no conforming loan limit for borrowers with full VA entitlement, meaning there's no ceiling on the home purchase price (though the lender may have its own requirements above certain amounts). Adjustable rates can increase after closing.
VA loans do require a one-time VA funding fee, which helps fund the program. The fee varies based on service type, down payment amount, and whether it's the borrower's first VA loan use. Veterans with a service-connected disability rating of 10% or more are typically exempt from the funding fee entirely.
Eligibility
Who Qualifies for a VA Loan?
Active Duty
Eligible after 90 days of continuous active duty. Must be currently on active duty service.
Veterans
Eligible based on service length and character of discharge. Generally 90 days wartime or 181 days peacetime. Must have other than dishonorable discharge.
National Guard & Reserves
Eligible after 6 years of service, or after 90 days of active duty activation under Title 10 or Title 32 orders.
Surviving Spouses
Unremarried surviving spouses of veterans who died in service or from service-connected disability may be eligible for VA loan benefits.
Loan Requirements
VA Loan Requirements
Down Payment
0% Required
No down payment needed for borrowers with full VA entitlement. Optional down payment can reduce the funding fee.
Credit Score
No VA Minimum
VA sets no minimum credit score, but most lenders require 580-620+. Beeline shops many lenders, including options for borrowers at the lower end of this range.
Mortgage Insurance
None, Ever
No PMI regardless of down payment amount. Not paying monthly PMI can lower your payment compared with FHA or conventional loans with less than 20% down.
Funding Fee
2.15% (first use, 0% down)
One-time fee, typically rolled into loan. Waived for veterans with 10%+ service-connected disability rating. Reduced with down payment.
Loan Limit
No Cap (Full Entitlement)
Borrowers with full VA entitlement are not subject to the VA county loan limit. Lender requirements still apply on higher loan amounts. Jumbo VA loans available for higher-priced homes.
Occupancy
Primary Residence
Must intend to occupy as primary home. Not for investment or vacation properties (with limited exceptions for existing rental units on multi-family).
Why Beeline for VA
The Beeline Advantage for VA Loans
Every VA-approved lender follows the same VA guidelines. Beeline shops many lenders to find your fit, with UWM among the wholesale lenders we work with, and structures your VA loan around your specific scenario from application to closing.
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The Broker Advantage
Beeline shops many lenders to find your fit, with UWM among the wholesale lenders we work with. We guide your VA loan from application to closing with the people you actually talk to.
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COE Assistance
Chris helps you obtain your Certificate of Eligibility (COE) from the VA, often the first thing veterans don't know they need before starting the process.
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Disability Exemption Review
Veterans with a service-connected disability rating of 10%+ are exempt from the VA funding fee. We verify your exemption status to make sure you're not overpaying.
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Fast, Remote Process
Active duty and military family buyers often work on tight timelines. The Beeline process runs digitally so you can move fast regardless of your current location.
Local Context
VA Loans Near Fairchild AFB & Throughout WA/ID
Fairchild Air Force Base in Spokane is home to the 92nd Air Refueling Wing and thousands of active-duty personnel and their families. Fairchild AFB is one of the primary drivers of VA loan demand across the Spokane metro and surrounding communities including Liberty Lake, Airway Heights, and Cheney.
Many active-duty buyers at Fairchild are purchasing their first home and have never used a VA loan before. Others are returning veterans already in the region. VA loans are available for purchases throughout Washington and Idaho, Spokane, Coeur d'Alene, Liberty Lake, Tri-Cities, Sandpoint, and every other community Beeline serves.
VA loans have no conforming loan limit for borrowers with full entitlement. This means an eligible veteran with full entitlement may be able to use VA financing with no down payment on higher-priced homes in Coeur d'Alene or Sandpoint.
Common Questions
VA Loan FAQ
The COE is the VA document that confirms your eligibility for the VA loan benefit. You can request it through VA.gov, by mail, or through your loan officer. Beeline can help request your COE through our lender partners in most cases, so you don't need to handle it yourself before starting the process.
Yes. VA loans are available for properties in both Washington and Idaho. Borrowers with full entitlement are not subject to the VA county loan limit, so an eligible veteran may be able to use VA financing with no down payment on higher-value properties in Coeur d'Alene (~$480K median) and Sandpoint (~$550K median), subject to VA eligibility, lender requirements, and approval.
In most cases, yes. The funding fee is a one-time cost that can usually be financed, while PMI on a conventional loan is a monthly cost. We will compare both with your actual numbers. Veterans with a 10%+ disability rating pay zero funding fee. Get your actual rate from a loan officer →
Yes. VA loan eligibility is not a one-time benefit. You can use it again after paying off and selling a previous VA-financed home (restoring entitlement), or even have two VA loans simultaneously in some cases. The funding fee is higher on subsequent uses. We will confirm your exact fee. Talk to Chris about your specific entitlement situation.
VA loans require a VA appraisal, which assesses both the value and the Minimum Property Requirements (MPRs) set by the VA. The VA appraisal is not the same as a home inspection, you should still get a separate home inspection for your own protection. Some sellers have concerns about VA appraisals and MPRs; Beeline can help you navigate this when making offers.
Some sellers have misconceptions about VA loans taking longer or the appraisal causing issues. In reality, VA closings can be just as fast as conventional when working with an experienced lender. Beeline provides a strong pre-approval letter and communicates proactively with listing agents to address any concerns upfront.