VA loan guide for Virginia

The VA funding fee is set federally, so it is the same in every state. For a purchase loan with less than 5% down it is 2.15% of the loan amount on first use and 3.3% on subsequent use; with 5% or more down it is 1.5%, and with 10% or more down it is 1.25%. The fee can be financed into the loan. Source: va.gov, rates effective April 7, 2023.

Per va.gov: Veterans receiving VA compensation for a service-connected disability (or eligible for it but receiving retirement or active-duty pay instead), surviving spouses receiving Dependency and Indemnity Compensation, service members with a proposed or memorandum rating before closing, and active-duty members who show before closing that they received the Purple Heart. VA also describes a funding fee refund when a disability award is later made retroactive to before closing.

With full entitlement, VA says there is no VA loan limit; the lender still decides how much you can borrow, and the appraisal must support the price. If you have remaining (partial) entitlement, for example because a prior VA loan is still active, the county conforming loan limit published by FHFA is used to calculate how much VA will guarantee without a down payment.

VA says buyers and sellers can negotiate who pays closing costs and does not cap seller credits for normal closing costs. Separately, seller concessions (such as paying the VA funding fee, paying off the buyer's debts, or prepaying hazard insurance) are limited to 4% of the home's reasonable value. See our explainer on VA loan commission rules for detail.

Virginia exempts from local real estate tax the principal residence of a veteran rated by VA as having a 100 percent service-connected, permanent, and total disability. It is authorized by Article X, Section 6-A of the Constitution of Virginia and set out in Code of Virginia § 58.1-3219.5. Applications go to your city or county Commissioner of the Revenue (or real estate assessor), not to the state.

Yes. VA loans are made by VA-approved lenders; VroomBrick is a technology platform, not a lender and not a brokerage. You bring your VA lender (or use one you find through the platform), and your transaction runs on the VroomBrick dashboard with a licensed closing attorney handling your contracts and closing. VroomBrick charges a 1% technology fee for the platform, paid by the seller at closing. You don't pay a buyer's agent commission. Which fees a veteran may pay on a VA purchase is set by VA rules, and your lender confirms how each charge appears on the Closing Disclosure.

Virginia Housing states on its military page that eligible borrowers using its VA-guaranteed loan may also qualify for its Closing Cost Assistance Grant. Eligibility and availability are set by Virginia Housing, so confirm on virginiahousing.com or with a Virginia Housing-approved lender.