Frequently Asked Question

Do I need a down payment for a VA loan in Pensacola?

By Pam HeinoldBuyer GuideLast Updated:

Quick Answer

Most eligible borrowers with full entitlement can purchase with no down payment. You'll still want to budget for closing costs and the VA funding fee, though the funding fee can typically be rolled into the loan amount, and some borrowers — including those receiving VA disability compensation — are exempt from it entirely.

Key Takeaways

  • Most eligible borrowers with full entitlement can purchase with no down payment.
  • You'll still want to budget for closing costs and the VA funding fee, though the funding fee can typically be rolled into the loan amount, and some borrowers — including those receiving VA disability compensation — are exempt from it entirely.

The Full Answer

Most eligible borrowers with full entitlement can purchase with no down payment. You'll still want to budget for closing costs and the VA funding fee, though the funding fee can typically be rolled into the loan amount, and some borrowers — including those receiving VA disability compensation — are exempt from it entirely.

This answer is part of a longer article by Pam Heinold:

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