VA Loan Certificate of Eligibility (COE) and The VA Funding Fee for VA Loans and Texas Vet Loans

The Veterans COE and VA Funding Fee are two items that are very important in the home buying process because they let the lender know the amount of VA Eligibility you have and if do qualify for Exemption from the Funding Fee due to a service-connected disability.

VA Loan Certificate of Eligibility (COE)

The VA Certificate of Eligibility from the VA is one of the most important required document that will be needed for a new VA loan or a VA Refinancing loan.

The VA Certificate of Eligibility (COE), is a document from the VA that provides the Veterans available eligibility amount for the VA Loan Program and if the Veteran is exempt from the VA Funding Fee.

You May also be determined eligible for a VA Loan if you:

  • Are an un-remarried spouse of a veteran who died while in service or from a service connected disability
  • Are a spouse of a service person missing in action or a prisoner of war

How do I get a my Certificate of Eligibility?

We can obtain a Certificate of Eligibility for you by using ACE (Automated Certificate of Eligibility). ACE is a web-based application that is able to determine the Veterans eligibility and issue an online Certificate of Eligibility in a matter of seconds

VA Funding Fee for Texas VA Loans

Generally, all Veterans using the VA Home Loan Guaranty benefit must pay a funding fee. This reduces the loan's cost to taxpayers considering that a VA loan requires no down payment and has no monthly mortgage insurance. The funding fee is a percentage of the loan amount which varies based on the type of loan and your military category, if you are a first-time or subsequent loan user, and whether you make a down payment. You have the option to finance the VA funding fee or pay it in cash, but the funding fee must be paid at closing time.

You do not have to pay the fee if you are a:

  • Veteran receiving VA compensation for a service-connected disability, OR
  • Veteran who would be entitled to receive compensation for a service-connected disability if you did not receive retirement or active duty pay, OR
  • Surviving spouse of a Veteran who died in service or from a service-connected disability

Click here for the VA Funding Fee Chart.


Have questions about VA Loans ???

It doesn't matter if the home your looking to purchase or refinance is in Austin, San Antonio, Dallas, Houston, El Paso or Corpus Christi, as long as it is in our great state of Texas, we can help you.

Please give us a call at 210-656-1134, for a No Cost, No Credit Check, and No Obligation consultation and find out how much you qualify for.