If you've used your VA benefit before, you may still have entitlement remaining — enough to buy again with little or no down payment. This calculator uses the official VA.gov formula to show you exactly where you stand.
Step 1
VA purchase loans are capped at the purchase price or appraised value (whichever is lower). Cash-out refinances are capped at the appraised value — both at 100% LTV maximum.
This estimate uses the county limit you entered. Confirm the current official limit for your county at fhfa.gov . VA loan limits for full and partial entitlement are published at VA.gov . This calculator is for informational purposes only and does not constitute a commitment to lend.
Your Results
Complete the steps on the left to see your VA entitlement results.
A plain-English explanation of one of the most misunderstood VA benefits.
VA entitlement is the dollar amount the VA promises to repay your lender if you default. This guarantee is what allows veterans to buy with no down payment — the lender's risk is protected by the VA, not by your cash.
The Blue Water Navy Vietnam Veterans Act of 2019 removed VA loan limits for veterans with full entitlement. If your COE shows $36,000, you can buy at any price your lender approves with $0 down — no FHFA county limit applies.
VA loans allow up to 100% loan-to-value — meaning you can borrow the full purchase price with no down payment. However, the loan can never exceed the purchase price (for purchases) or the appraised value (for refinances). If the appraisal comes in below contract price, the loan is capped at the appraised value.
If you currently have a VA loan or haven't restored entitlement from a prior loan, you have partial entitlement. Your maximum no-down-payment loan = remaining entitlement × 4. If the purchase price exceeds that, the difference is your required down payment.
With partial entitlement, you can buy above the no-down-payment maximum by covering the gap with a down payment. The minimum down payment = purchase price minus (remaining entitlement × 4). You can always put more down to reduce your loan further.
When you sell a VA-financed home and pay off the loan, your full entitlement is restored. In some cases you can have two VA loans at once. Every situation is different — a 15-minute conversation with Jason can reveal options most veterans don't know exist.
This landmark legislation removed VA loan limits for full-entitlement veterans and restructured funding fee rates for all service members — including Guard and Reserve.
VA funding fee is the same for Army, Coast Guard, Navy, Air Force, Marines, Space Force, Regular Military, National Guard, and Reserves.
| Down Payment | First Use | After First |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% – 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
| VA IRRRL (streamline) | 0.50% | |
I've helped hundreds of Florida veterans use — and reuse — their VA benefit. Let's find out exactly what yours can do.