A VA Loan to Honor Your Service.
Eligible veterans, active-duty service members, and surviving spouses can buy or refinance with no monthly mortgage insurance and low-down-payment options. Credit eligibility starts at a 500 score with at least one program.*
A benefit you earned.
Buying with your VA benefit means no down payment with full entitlement, and the seller can cover more than most buyers expect.
- No down payment required with full entitlement
- Purchase qualifying starts at 500 on at least one program*
- 1 to 4 unit homes and VA-approved condos
- Owner-occupied homes only
- The seller can pay your closing costs and points, with concessions up to 4% of value*
- No funding fee for veterans receiving VA disability compensation
VA sets no county loan limit with full entitlement*
No down payment with full entitlement
1 to 4 units and VA-approved condos
Manual underwriting up to 55% DTI at one program*
Funding fee exemptions for disabled veterans
Seller can pay closing costs and points*
What Is The Saxton VA Loan?
A home purchase loan backed by your VA guaranty, with no down payment when you have full entitlement.
The Saxton VA Loan is a full-featured mortgage that is guaranteed by the U.S. Department of Veterans Affairs, rewarding those who served with no monthly mortgage insurance and low-down-payment options. The surviving spouse VA loan covers the separate case of a surviving spouse.
Qualifying looks at more than the score. At least one program allows a debt-to-income ratio up to 55% on a manually underwritten loan, and another allows ratios above 41% when residual income is more than 120% of the VA guideline. At least one program needs no reserves on a one-unit home.
Use it to buy or refinance an owner-occupied primary residence with no monthly mortgage insurance.* Buying with a co-borrower you are not married to runs through a joint VA loan instead.
Why choose the Saxton VA Loan?
Built for the veterans and service members who earned it.
First-Time Buyers
Low-down-payment options make buying your first home more attainable.*
Surviving Spouses
Certain surviving spouses of veterans may be eligible to use the VA benefit.
Move-Up & Repeat Buyers
Refinance the home you have or buy the next one, using the benefit again.
Cash-Out Refinance
Already own with a VA loan? A VA cash-out refinance can tap your equity once you have made at least six on-time payments and 210 days have passed since the first payment due date.
No Monthly Mortgage Insurance
VA loans do not require monthly mortgage insurance, which is real monthly savings.*
A Reusable Benefit
The VA benefit does not expire and can be used more than once.
Hear From Homeowners Like You
Frequently Asked Questions
The questions we get asked most about the VA Home Loan.
VA does not apply a county loan limit for veterans with full entitlement. Larger loan amounts carry additional requirements, and we confirm your entitlement during pre-qualification.
Yes. A VA loan works for a first purchase or a later one. With full entitlement there is no minimum down payment, and on at least one program the seller can pay your discount points and closing costs, with total concessions capped at 4% of the home value.*
A home you will live in: a single-family home, a 2 to 4 unit property, or a condo approved by the VA. At least one program also finances single-wide and multi-wide manufactured homes. Condotels, co-ops and non-warrantable condos are not eligible at another.
Purchase eligibility starts at a 500 credit score with at least one program. That is the same floor as our FHA purchase programs, so a low score by itself does not close off either route.
Less than most programs ask for, and your VA entitlement is the reason. You will still need funds for closing costs, prepaid taxes and insurance, and escrow items, though some of those can be covered by the seller where the contract allows. Your loan officer can give you a working figure once the property is known.*
Not always. Veterans receiving VA compensation for a service-connected disability are exempt, and so are certain Purple Heart recipients and surviving spouses receiving Dependency and Indemnity Compensation.
Yes, on a home you own with eligible equity. At least one VA cash-out program starts at a 500 score. That program needs at least six on-time payments and 210 days since the first payment due date, and it does not allow cash out on a home owned free and clear or under Texas section 50(a)(6).
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton VA Loan program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- Department of Veterans Affairs, eligibility for VA home loan programs
- Department of Veterans Affairs, VA home loan types
- Department of Veterans Affairs, VA funding fee and closing costs
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. VA eligibility and entitlement are set by the U.S. Department of Veterans Affairs. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.