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VA loan
You’re in the right place for a lower rate and better service for your VA mortgage
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Get the lowest rate for sure with our VA Loan Rate Guarantee.
Enjoy easier approval with a credit score of 580 or higher.
Rely on us to guide you to homeownership, ensuring everything goes smoothly.
VA mortgage rate
See how the VA 30-year fixed-rate mortgage has performed recently.
Why a VA loan?
Because the Department of Veterans Affairs backs VA loans, we can offer you a mortgage with significant financial benefits unmatched by other types of loans.
Make no down payment.
Buy a house without a down payment. It's the most significant benefit of the VA loan, especially for first-time home buyers when home prices are rising. This considerable advantage allows you to own a home without waiting years to save.
Pay no mortgage insurance.
Never pay mortgage insurance when you use a VA loan to buy a home, even when your down payment is 0%. As such, the mortgage payment is lower, so you can afford a more expensive house.
Enjoy a lower interest rate.
The average interest rate for a VA loan is lower than a conventional mortgage. After including your VA Loan Rate Guarantee from NewCastle Home Loans, you'll secure the best deal on your loan and enjoy an affordable monthly payment on your home.
Save money on closing costs.
Pay less for closing costs when you get your VA loan with NewCastle Home Loans. First, the VA limits the costs lenders can charge veterans. What's more, we waive all origination fees for veterans. Unlike other lenders, we don't charge veterans a fee for originating your mortgage. As a result, you could save an extra $1,000 just for using us.
Talk to a VA loan expert.
Ask questions, get straight answers, and find out how to start on your home loan.
Are you eligible for a VA loan?
You or your spouse must meet the minimum service requirements of the Department of Veterans Affairs and have a valid Certificate of Eligibility (COE).
We'll check your Certificate of Eligibility (COE), proving you meet the minimum service requirements and are eligible for VA loan benefits. The process takes minutes to complete. We need your social security number, date of birth, and permission. Start on your mortgage pre-approval now, or talk to an expert at NewCastle Home Loans about a VA loan.
- Check the VA’s website for Eligibility requirements for VA home loan programs
Access real-time VA loan rates.
Up-to-date rates, payments, and costs whenever you need them.
Do you qualify for a VA loan?
Although the VA makes the rules for VA loans, private lenders like NewCastle Home Loans have additional criteria for credit, loan amounts, and property types.
Credit
Your credit score must be at least 580 for a VA loan with NewCastle Home Loans. A 580+ score means you meet the minimum standard. But you still need to apply and send us your financial information before we approve your loan. So start now by getting pre-approved so you're ready to take advantage of every opportunity to buy a home.
VA loan limits and property types
With full entitlement, you can borrow as much as $806,500 to buy a single-family, condominium, or townhome. Or get a bigger loan for a multi-unit property without needing a down payment. VA loans help veterans and service members buy homes to live in full-time. So the property must be your principal residence, not an investment or vacation home.
| Property type | Maximum VA loan amount |
|---|---|
|
Single family, condominium, or townhome
|
$806,500
|
|
2 units, duplex, multifamily
|
$1,032,650
|
|
3 units, triplex, multifamily
|
$1,248,150
|
|
4 units, multifamily
|
$1,551,250
|
- The VA loan limit is a cap on the amount you can borrow without a down payment. So, you can borrow more than the limit if you have a down payment.
- The 2025 VA loan limit is $806,500 in Florida, Illinois, Indiana, Michigan, and Tennessee. However, loan limits are higher in Key West, Florida, and Nashville, Tennessee.
- VA loan condominium approval
- VA loan 2-to-4-unit
- Principal residence, second home, investment property
- Can the seller pay closing costs?
Need a VA loan pre-approval letter?
Get it today and feel confident about buying a home. We're here to help you.
Frequently asked questions about VA loans
What is a VA loan?
A VA loan is a mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA). It is available to military veterans, active duty members, and spouses. It is designed to help them afford to buy a home.
One of the main benefits of a VA loan is that it does not require a down payment or mortgage insurance, making it easier for military borrowers to afford a home. VA loans also have more lenient credit and income requirements than conventional mortgages, making it easier for military borrowers to qualify.
In addition, VA loans have lower closing costs and interest rates than many other types of mortgage loans, which can save borrowers money over the life of the loan.
Talk to a VA loan expert at NewCastle Home Loans for straight answers, and find out how to start on your home loan.
How do I apply for a VA loan?
Apply for a VA loan through a VA-approved mortgage lender, like NewCastle Home Loan.
You can apply safely on our website or call us at 855-610-1112.
First, we confirm you're eligible for a VA loan by checking your Certificate of Eligibility (COE), proving you meet the minimum service requirements. Next, we ensure you qualify for the VA loan.
Then, after our loan underwriter, the person making the final loan decision, verifies your financial information, you get a personalized pre-approval letter – on the same day.
After that, you're ready to find the perfect home and feel confident about making an offer. Are you ready to get started?
What is the credit score for a VA loan?
NewCastle Home Loans offers VA loans to military personnel and veterans, and our minimum credit score is 580. This means you can get approved for an affordable VA loan when your credit score is 580 or higher. Then, use your VA loan to buy a home with no down payment, and enjoy a low rate and monthly payment with no mortgage insurance. Learn more about VA loan credit scores.
How much is the VA funding fee for 2025?
The VA funding fee is a percentage of the loan amount. The exact rate varies depending on a few factors, including the type of VA loan, whether you're a first-time or repeat borrower, and your down payment amount.
Purchase, First-time use
- 2.3%, if your down payment is less than 5%
- 1.65%, if your down payment is at least 5%, but less than 10%
- 1.4%, if your down payment is more than 10%
Purchase, After first use
- 3.6%, if your down payment is less than 5%
- 1.65%, if your down payment is at least 5%, but less than 10%
- 1.4%, if your down payment is more than 10%
More info: What is the VA funding fee for 2025?
VA loan real-time mortgage calculator
Today's rate, monthly payment, and closing costs.
NewCastle Home Loans is a U.S. Department of Veterans Affairs Approved Lending Institution. We originate, underwrite, close, and fund VA loans according to Veterans Administration requirements outlined in the Lender's Handbook VA Pamphlet 26-7, Revised.
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