VA Loans | Troy Mire Mortgage
Zero Down · No PMI · VA-Guaranteed · Earned Benefit

VA Loans.
A Benefit Earned. Use It.

The VA loan is the most powerful mortgage program available — zero down payment, no private mortgage insurance, and competitive rates. Veterans and active service members who do not use this benefit are leaving significant money on the table.

2025 VA Loan Snapshot
Down Payment Required$0 (0%)
Private Mortgage InsuranceNone
VA Loan Limit (LA/OC)No limit for full entitlement
Minimum Credit ScoreNo VA minimum (lender overlays apply)
Funding Fee — First Use, 0% down2.15%
Funding Fee — Subsequent Use3.30%
Funding Fee — Disabled VeteransExempt
Occupancy RequirementPrimary residence only

Why VA Is the Best Loan Available

No other loan program offers this combination of benefits. Each one represents a direct, measurable financial advantage over conventional and FHA alternatives.

Zero Down Payment

Eligible borrowers can purchase with no money down — no exceptions required, no program restrictions. On a $700,000 SoCal purchase, that preserves $70,000 to $140,000 in capital that would otherwise be tied up in the property.

No Private Mortgage Insurance

Conventional loans require PMI below 20% down. FHA requires MIP for the life of the loan in many cases. VA requires neither. On a $600,000 loan, eliminating PMI saves $300 to $500 per month — over $100,000 across a 30-year term.

Competitive Interest Rates

VA loans are backed by the federal government, which reduces lender risk. Rates are typically at or below conventional market rates. Combined with no PMI, the total monthly cost is often lower than any comparable program.

Seller-Paid Concessions

Sellers can contribute up to 4% of the purchase price in concessions — covering funding fee, closing costs, prepaid items, and more. In a negotiated purchase, this can result in a no-out-of-pocket transaction.

Streamline Refinance (IRRRL)

Once you have a VA loan, the Interest Rate Reduction Refinance Loan allows you to refinance to a lower rate with minimal documentation, no appraisal in most cases, and reduced funding fee. Fast and low-cost when rates drop.

Reusable Benefit

The VA benefit can be used multiple times throughout your life. If you sell a home and pay off the VA loan, your entitlement is restored. You can also have more than one VA loan simultaneously in certain circumstances.

Who Qualifies for a VA Loan

Eligibility is determined by service history. A Certificate of Eligibility (COE) is required before closing but can be obtained quickly through VA records. If you are unsure of your eligibility, contact Troy directly and he will help you verify it.

Active Duty Service Members
Currently serving in the Army, Navy, Air Force, Marine Corps, or Coast Guard. Must have served at least 90 continuous days on active duty.
Veterans
Discharged under conditions other than dishonorable. Service requirements vary by era: 90 days during wartime, 181 days during peacetime, or 24 months if you enlisted after 1980.
National Guard and Reservists
Eligible after 6 years of service, or if activated under federal orders and completed 90 days of active duty. Must have received an honorable discharge.
Surviving Spouses
Unremarried surviving spouses of veterans who died in service or as a result of a service-connected disability. Also available to spouses of prisoners of war or those missing in action.
Not Sure If You Qualify?

Eligibility rules have changed over the years and some veterans are unaware they qualify. A call directly to Troy is the fastest way to confirm your eligibility and get a COE ordered.

(562) 244-7963
VA Funding Fee Structure
Down Payment First Use Subsequent
0% down
2.15%
3.30%
5% to 9.99%
1.50%
1.50%
10% or more
1.25%
1.25%
Disabled Veterans
Exempt
Exempt

The funding fee can be financed into the loan amount. Veterans with a service-connected disability rating of 10% or higher are exempt from the funding fee entirely.

Certificate of Eligibility (COE)

A COE is required to confirm your VA benefit before closing. In most cases it can be pulled electronically through the VA system in minutes. If records require additional documentation, we handle the request process on your behalf. This is not a barrier to moving forward with pre-qualification.

Use the Benefit You Earned

The VA loan process moves quickly with the right broker. Confirming eligibility, ordering the COE, and identifying the right lender from our pool of VA-approved investors can all happen within a business day.

If you have already been quoted a rate elsewhere or told you may not qualify, a second look costs nothing and frequently produces a different outcome.

COE obtained and eligibility confirmed before application
Rate comparison across multiple VA-approved lenders
Full funding fee exemption verification for disabled veterans
Seller concession strategy to minimize out-of-pocket
IRRRL refinance available once loan is in place and rates drop
VA Loan Inquiry

This is not a commitment to lend. VA loans subject to VA eligibility and lender approval guidelines.