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100% Financing Available

VA Loans: Zero Down Payment for Veterans

Serving those who served. Get 100% financing with no down payment, no PMI, and competitive rates exclusively for veterans and active military in Bergen County, NJ.

0%
Down Payment Required
$0
Mortgage Insurance (PMI)
No Limit
For Full Entitlement
Get Pre-Approved Today(718) 812-7798

Licensed Mortgage Broker • NMLS #1577754 • Equal Housing Lender

Why Choose a VA Loan?

VA loans offer unmatched benefits for military members, veterans, and their families

Zero Down Payment

Purchase a home with 100% financing. No need for a down payment saves you tens of thousands upfront. Buy your Bergen County home without depleting your savings.

No Private Mortgage Insurance

Even with zero down, VA loans don't require PMI. Save $200-$400 monthly compared to conventional loans. Over 30 years, that's $72,000-$144,000 in savings.

Competitive Interest Rates

VA loans typically offer lower rates than conventional mortgages. Government backing allows lenders to offer better terms. Lower rates mean lower monthly payments and significant savings.

Flexible Credit Requirements

VA loans are more forgiving than conventional loans. Credit scores as low as 580-620 may qualify. We look at your complete financial picture, not just your credit score.

Limited Closing Costs

VA regulations cap certain closing costs. Sellers can pay up to 4% of the purchase price toward your costs. Many fees prohibited by VA guidelines save you thousands at closing.

Reusable Benefit

Use your VA loan benefit multiple times throughout your life. Refinance with VA streamline (IRRRL) for even lower rates. Sell and buy again - your benefit is renewable.

Current VA Loan Rates in Bergen County

Updated daily • Rates subject to change • NMLS #1577754

30-Year Fixed VA Loan
6.125%
APR: 6.28%
Monthly Payment Example
Loan Amount:$600,000
Down Payment:$0 (0%)
PMI:$0/month
Est. Monthly P&I:$3,865

*Principal & Interest only. Does not include taxes, insurance, or HOA fees.

Rate Disclaimer: The rate shown is for illustrative purposes and may not reflect the rate available to all borrowers. Your actual rate depends on credit score, loan-to-value ratio, property type, occupancy status, and other factors. Contact CMG Home Loans for a personalized rate quote. NMLS #1577754.

VA Loan Eligibility & Requirements

See if you qualify for this exclusive benefit

Eligibility
  • Veterans with qualifying service (90+ consecutive days during wartime, 181+ days during peacetime)
  • Active-duty service members (after 90 days of service)
  • National Guard/Reserve members (6+ years of service)
  • Eligible surviving spouses of veterans who died in service or from service-connected disabilities
Certificate of Eligibility (COE)Required. We can help you obtain your COE online in minutes through the VA's eBenefits portal or WebLGY system.
Credit ScoreMinimum 580-620 (varies by lender). VA has no minimum, but lenders set their own standards. CMG evaluates full credit profile.
Down Payment0% - No down payment required for full entitlement. Optional down payment can reduce funding fee or eliminate it entirely with 5%+ down.
Debt-to-Income RatioTypically 41% or less, but exceptions possible with strong compensating factors (residual income, cash reserves, excellent credit).
Property TypeSingle-family homes, condos (VA-approved), townhouses, multi-unit (up to 4 units if owner-occupied). Must be primary residence.
VA Funding Fee1.25% (first use, no down payment) to 3.3% (subsequent use, no down payment). Reduced with down payment. Waived for disabled veterans (10%+ rating). Can be financed into loan.
Loan Limits (Bergen County)No limit for veterans with full entitlement. Can borrow above $929,200 with zero down. Partial entitlement has limits based on remaining eligibility.
OccupancyMust occupy property as primary residence within 60 days of closing. Intent to occupy certification required at application.
AppraisalVA appraisal required. Includes property inspection for health/safety issues. Protects veteran from overpaying and ensures property meets minimum standards.

Calculate Your VA Loan Payment

See your estimated monthly payment with zero down and no PMI

View Full Calculator with Advanced Options →

VA Loan Questions Answered

Common questions about VA home loans in Bergen County, NJ

Can I buy a home with zero down payment using a VA loan?
Yes! VA loans offer 100% financing with no down payment required for eligible veterans, active-duty military, National Guard/Reserve members with qualifying service, and eligible surviving spouses. This makes homeownership accessible without needing substantial savings for a down payment.
What is the VA funding fee and can it be waived?
The VA funding fee ranges from 1.25% to 3.3% of the loan amount, depending on down payment (if any), previous VA loan usage, and military service type. Veterans with service-connected disabilities rated at 10% or higher qualify for a complete fee waiver. The funding fee can be financed into the loan amount.
Do VA loans require mortgage insurance (PMI)?
No! VA loans do not require private mortgage insurance (PMI) even with zero down payment. This saves hundreds of dollars monthly compared to conventional loans with less than 20% down. The one-time VA funding fee replaces ongoing PMI payments.
What are VA loan limits in Bergen County, NJ?
As of 2025, there is no loan limit for veterans with full VA entitlement in Bergen County. You can borrow amounts exceeding the conforming loan limit ($929,200 for single-family homes) with 100% financing. Veterans with partial entitlement may have limits based on remaining entitlement.
What credit score do I need for a VA loan?
While the VA does not set a minimum credit score, most lenders (including CMG Home Loans) require a credit score of 580-620 or higher. VA loans are more flexible than conventional loans regarding credit requirements. We evaluate your entire financial picture, not just your credit score.
Can I use a VA loan to buy a second home or investment property?
VA loans are intended for primary residences only. However, you can use your VA loan benefit multiple times for different primary residences. If you have remaining entitlement, you may be able to purchase another primary residence while keeping your current VA-financed home.
How long does VA loan approval take?
CMG Home Loans typically provides VA loan pre-approval within 24-48 hours once we receive your Certificate of Eligibility (COE) and necessary documentation. The full approval process takes 30-45 days from application to closing. We can help you obtain your COE quickly through the VA's online portal.

Ready to Use Your VA Home Loan Benefit?

Let CMG Home Loans help you navigate the VA loan process. We specialize in VA loans for Bergen County veterans and make the process simple and stress-free.

Schedule Your Free ConsultationCall (718) 812-7798

Licensed Mortgage Broker • NMLS #1577754

Serving veterans and military families across Bergen County, NJ

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