Can I use a VA loan more than once?

Yes. Your VA entitlement is reusable. You can have a VA loan, pay it off (or sell), and use the benefit again. You can also sometimes hold two VA loans simultaneously if entitlement permits.

Do VA loans require PMI?

No. VA loans never require monthly mortgage insurance, even with 0% down. This is one of the largest financial advantages of the program — over 30 years it can save tens of thousands vs FHA or Conventional.

What is the VA funding fee in 2024?

For first-time VA loan use with 0% down, the funding fee is 2.15% (active duty) or 2.15% (reserves/guard). Subsequent uses are 3.3%. The fee can be financed into the loan. Veterans with a service-connected disability rating are exempt entirely.

Will sellers in Missouri accept VA offers?

Yes, especially when your offer is backed by a fully underwritten pre-approval. Sellers used to push back on VA appraisals; today, with proper structuring of the offer, VA buyers compete on equal footing in most Missouri markets.

Loan Program · Veterans

VA Loans in Missouri

Zero down, no PMI, and pricing that respects what you earned. Used right, your VA benefit is the strongest mortgage product in the market.

Get Pre-Approved Check Today's Rates 618-789-6568

Quick Answer

In one paragraph

A VA loan is a mortgage guaranteed by the Department of Veterans Affairs for eligible service members, veterans, National Guard, Reservists, and surviving spouses. It allows 0% down, no monthly mortgage insurance, and competitive rates. There is a one-time VA funding fee (waived for disability-rated veterans) that can be financed into the loan.

Key Takeaways

What to remember

0% down payment and no monthly PMI — a major lifetime savings vs FHA or Conventional.
VA has no set minimum credit score; most wholesale lenders Bryan uses start at 580.
One-time VA funding fee (typically 1.25%–3.3%) is financed into the loan; waived for service-connected disabled veterans.
Reusable benefit — your VA entitlement can be used multiple times across a lifetime.
Sellers, in many Missouri markets, accept VA offers as readily as Conventional when paired with a strong pre-approval.

Who this is for

Is this you?

Active-duty service members stationed in or moving to Missouri
Veterans with at least 90 days of wartime service (or 181 peacetime)
National Guard and Reserve members with 6+ years of service
Surviving spouses of service members who died in the line of duty
Disabled veterans (funding fee waived — a major upfront savings)

Requirements & Guidelines

The numbers that matter

Eligibility: Certificate of Eligibility (COE) from VA
Credit score: No VA minimum; lender overlays typically 580+
Down payment: 0%
Mortgage insurance: None
Funding fee: 1.25%–3.3% (waived if disability-rated)
Occupancy: Must be primary residence

Bryan's Expert Insight

What experience teaches

The biggest mistake I see with VA loans is veterans accepting the first offer from a big-box lender that advertises during football games. Wholesale VA pricing is often 0.25%–0.5% lower than retail — on a $300k loan over 30 years that's $15,000–$30,000. Always get a second quote before locking. I'll pull your COE for free and run the comparison.

— Bryan Jones, Senior Mortgage Broker · 14+ years · 1,000+ closed loans

Frequently Asked

Common questions, direct answers

You need a Certificate of Eligibility (COE) from the VA. Bryan can pull your COE in real time as part of the pre-approval — you don't have to do it yourself. Eligibility generally requires 90 days of active wartime service, 181 days peacetime, or 6 years in the Guard/Reserves.

Keep Reading