VA Loans
Exclusive home loan benefits for veterans, active-duty service members, and eligible surviving spouses. Zero down payment, no PMI, and some of the best rates available anywhere.
What Is a VA Loan?
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA) and issued by private lenders like Barrett Financial Group. This government guarantee allows lenders to offer terms that simply aren't available with conventional loans.
For veterans and active military stationed at or near bases like Joint Base McGuire-Dix-Lakehurst, or any service member looking to settle in New Jersey, VA loans provide a clear path to homeownership without the financial barriers that stop many buyers.
Daniel Metri has extensive experience working with VA borrowers and understands the unique aspects of VA lending — from Certificate of Eligibility (COE) requests to understanding entitlement calculations.
Who Is Eligible?
- Veterans who served 90 consecutive days during wartime
- Active-duty service members with 181 days of peacetime service
- National Guard or Reserve members with 6 years of service
- Eligible surviving spouses of veterans who died in service or from service-connected disability
- Those who received a dishonorable discharge may be ineligible
Key Benefits & Requirements
Down Payment
0%
No money down for most purchases
Full purchase price can be financed
Funding Fee
Varies
Based on usage and down payment
Can be rolled into loan amount
Private Mortgage Insurance
None
No monthly PMI payment ever
Significant monthly savings vs. other loans
Loan Limits
Flexible
No limit with full entitlement
Generally higher than most conventional options
Pros & Cons
Advantages
- • Zero down payment available
- • No private mortgage insurance
- • Competitive interest rates
- • No prepayment penalty
- • Limited closing cost restrictions
- • Assistance available for financial hardship
Considerations
- • One-time funding fee required
- • Property must be primary residence
- • Must meet VA minimum property standards
- • COE process adds time upfront
- • Not available for investment properties
Disclaimer: All loan program information provided is for illustrative purposes only. Actual rates, fees, and terms are subject to change based on market conditions, creditworthiness, and other factors. A loan approval requires full application review, underwriting, and property approval. This is not a commitment to lend.