More than 24.4 million veterans and service personnel are eligible for VA financing. Even though many veterans have used their loan benefits, it may be possible for them to buy homes again.

VA Mortgage Calculator

How much can I borrow?
How much can I afford?
How much are my payments?
Show me my amortization schedule.
Compare 3 different loans.
How much can I save by consolidating?

Use the following mortgage calculator to determine the maximum monthly payment (P+I) and the maximum VA loan amount for which you may qualify. Enter all income and expenses as MONTHLY figures, not annual.


Salary/Wages
Other Income

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Loan Term	Years
Interest Rate	%


You may qualify for a maximum monthly mortgage payment (P+I) of
You may qualify for a maximum loan amount of
DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home or are applying for an FHA loan, a monthly mortgage insurance payment may be required. There are no monthly mortgage insurance payments on VA loans.

FREQUENTLY ASKED QUESTION # 8 [ -more VA Loan questions- ]
- - - - - -
Q: VA Home Loan Entitlement - Isn’t the VA home loan automatic? It's one of my entitlements, Right?

A: Some first-time homebuyers are misinformed as to the workings of a VA Loan. The Veterans Administration does not normally act as a lending agent. Instead, the VA is in the business of guaranteeing the loans of veteran. In most cases, the VA offers a guaranty to those who meet the requirements, the first of which include a good credit rating. If you are considering any kind of home loan, it's best to consult a credit counselor and a financial planner to find out what credit rating you already have and what you can do to improve your credit rating before applying for the guaranty. It's important to know that a VA home loan guaranty is available only if the veteran has the income to handle house payments. A VA loan guaranty is not an automatic benefit. Your financial planner or credit counselor can go a long way towards helping you prepare your personal finances before filling out that home buyer's paperwork.

VA Loan Rates
for 7/03/2008

30 year fixed
-----------------
0.000 points
6.500%
6.618% APR

15 year fixed
-----------------
0.000 points
6.500%
6.500% APR

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Life Insurance for Military Members

Montgomery GI Bill benefits can get you started:

- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College

VALoans.com is a private company specializing in VA financing and is not a government agency.

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VA Home Loans 101
An easy reference guide offering vital information for using your VA benefits to buy a home.

Military Loans
Serving the military community with personal loans from $500 to $10k.

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Use Your GI Bill Benefits
Education plus military training can be an unbeatable combination for a military promotion or for a civilian career.

The Montgomery GI Bill provides up to 36 months of education benefits for Active Duty, Selected Reserve, and Military Veterans.

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