VA LOANS
VA loans are powerful mortgage options backed by the U.S. Department of Veterans Affairs and designed to support those who’ve served our country. With no down payment, no private mortgage insurance, and competitive interest rates, VA loans make it easier for eligible military personnel and their families to achieve homeownership.
The McDaniel Mortgage Group proudly serves veterans across Texas and beyond — helping you access the benefits you’ve earned.
Why Choose VA Loan?
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100% Financing – No down payment required
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No Private Mortgage Insurance (PMI)
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Lower Interest Rates
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Limited Closing Costs
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No Prepayment Penalties
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Flexible Credit Guidelines
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Funding Fees Can Be Financed
Who Can Qualify for a VA Loan?
To qualify, you must meet one of the following:
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Active duty military with at least 6 months of service
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National Guard or Reserves with 6 years of service, or 181 days of active duty
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Honorably discharged veteran
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Surviving spouse of a service member who died in the line of duty
You’ll also need to obtain a Certificate of Eligibility (COE) — a document that confirms your VA loan eligibility. We can help you get this through the VA’s eBenefits portal or directly through our team.
VA Loan Limits
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Minimum Credit Score: 580
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Primary Residence Only
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VA Funding Fee: Typically ranges from 0.5% to 3.3%, but can be financed into the loan
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Disabled Veterans: May be exempt from the funding fee and eligible for property tax exemptions
VA Loan Refinancing Options
Already have a VA loan? We offer refinancing solutions to help you save money or access your home’s equity.
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VA IRRRL (Interest Rate Reduction Refinance Loan):
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A streamlined refinance that lowers your rate with minimal paperwork and no appraisal in most cases.
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VA Cash-Out Refinance:
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Access up to 100% of your home’s appraised value for renovations, debt consolidation, or other expenses.
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Why Work With Us?
As a veteran-friendly mortgage partner, The McDaniel Mortgage Group understands the ins and outs of the VA process. We’ll help you get pre-approved, navigate your benefits, and close confidently — all with unmatched support.
