Egan Financial Group LLC
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Egan Financial Group LLC · NMLS 2647764

Zero down payment. Zero lender fees. No monthly PMI.

Eligible Veterans, service members, and certain surviving spouses can buy with zero down payment, zero lender fees, and no monthly mortgage insurance. A conventional loan in most counties tops out at $832,750 in 2026. We lend VA loans up to $1,500,000. Income still has to support it. Ask for details.

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Direct answer

The VA guarantees part of the loan. Egan Financial Group LLC still takes the application, underwrites the file, and funds it. You are not sent to a third party for money. If you have full entitlement, the VA does not cap the loan amount. Conventional loans do. That is how a VA file can go above the $832,750 conventional line — up to the VA maximum we lend, $1,500,000.

Loan size

Why a VA loan can be larger than conventional

A conventional loan has to fit Fannie Mae or Freddie Mac size limits. A VA loan with full entitlement does not. We lend VA loans up to $1,500,000. That is larger than the 2026 conventional baseline of $832,750 and larger than the high-cost conventional ceiling of $1,249,125. Residual income, occupancy, credit, and the appraisal still have to work. Ask for details on your file.

Conventional, most counties
$832,750

FHFA 2026 one-unit baseline.

Conventional, high-cost ceiling
$1,249,125

FHFA 2026 high-cost cap. The county of the house counts.

VA maximum we lend
$1,500,000

Larger than conventional. Not a quote. Ask for details.

Worth knowing

Five things about VA loans you might not know

These are the surprises that actually change a shopping plan. Not brochure slogans.

01

It is not a one-time benefit

A lot of Veterans think they already used it up. If you sold the house and paid that VA loan off, the entitlement can come back. If you still have a VA loan, you may have remaining entitlement for another purchase. We read the Certificate of Eligibility before you shop a price the file cannot hold.

02

A disability rating often means $0 funding fee

Most VA loans charge a funding fee — a percentage of the loan. Many Veterans with a service-connected disability rating pay none of it. That can be thousands of dollars. It has to show on the COE. We will not assume the waiver. Confirm on va.gov.

03

Many states cut property taxes for Veterans

That is separate from the VA loan. A lot of states reduce property tax for Veterans with a disability rating, and some do it for Veterans with no disability rating at all. In some states, 100 percent disability can mean $0 property tax. Search your local area — county and state — for those benefits before you budget the payment. We can point you to the right office. We do not set the tax bill.

04

The seller can pay costs — and some of your debts

VA lets the seller pay your normal closing costs. On top of that, they can give concessions of up to 4 percent of the home’s value. That extra can pay the funding fee, prepaids, or even pay off credit cards, a car loan, or a judgment so you qualify. It has to be written into the offer the right way. Ask us before you bid.

05

You can buy a 2-to-4 unit if you live in one

A duplex, three-flat, or four-unit can be a VA purchase if it is your home. You occupy one unit. Rent from the others can help the file. It is not an investment-only program. Occupancy is real. Ask for details before you bid on a multi-unit.

What you still need

The benefit is real. So are the rules.

Start with the Certificate of Eligibility. That is the VA’s paper that says you can use the benefit and how much entitlement is left. A prior VA loan is not automatically the end of it.

You have to occupy the house as your home. VA is not an investment-property program. Residual income is the leftover money for the family after the house payment and other debts. VA looks at that leftover, not only a percentage of income.

Most files have a funding fee. It is a percentage of the loan, and it can often be rolled in. Many Veterans with a service-connected disability rating pay $0. Confirm on va.gov. If it is a condo, the building still has to pass review. We start that early.

A rate lock holds your interest rate for a set number of days. If rates drop after we lock, you get one float-down before closing so you can take the lower rate. Ask for details.

How Veterans use it

Purchase, streamline, or cash-out

Purchase

Zero down when entitlement supports it. Zero lender fees. No monthly PMI. Room up to the VA maximum we lend. COE first. Condo projects still have to clear.

Read the full answer

IRRRL (streamline)

Refinance an existing VA loan to a better rate, with less paperwork than a cash-out. 0.5 percent funding fee in 2026. It still has to actually help you.

Read the full answer

Funding fee

2.15 percent first use under 5 percent down; 3.3 percent subsequent. Disability-rated Veterans are often exempt. Confirm the table on va.gov.

Read the full answer

Common questions

What Veterans actually ask

Short answers here. Longer ones live in the mortgage FAQs.

Can I buy with no down payment on a VA loan?
Often yes, if you are eligible and you have enough remaining entitlement. Eligible Veterans, service members, and certain surviving spouses can buy with no down payment and no monthly PMI. Egan Financial Group LLC still underwrites the file: income, residual income (money left for the family after debts), occupancy, and the house. Start with Apply in 10 minutes. It is a first look, not a lock.
How large can a VA loan be compared with a conventional loan?
The VA does not set a dollar cap for a Veteran with full entitlement. Conventional loans do. In 2026 the FHFA conventional limit is $832,750 in most counties, and up to $1,249,125 in high-cost counties. We lend VA loans up to $1,500,000 — larger than those conventional caps. Income, credit, occupancy, and the appraisal still have to support the amount. Ask for details on your file.
What is the VA funding fee in 2026?
First use with less than 5 percent down is 2.15 percent of the loan. Subsequent use with less than 5 percent down is 3.3 percent. Putting more down lowers the percentage. Many Veterans with a service-connected disability rating pay $0. Confirm the table on va.gov. We will not mix a purchase fee with a streamline fee.
What is a Certificate of Eligibility?
A Certificate of Eligibility, or COE, is the VA’s paper that says you can use the benefit and how much entitlement you have left. We start there. A prior VA loan does not automatically mean you are out of entitlement. Bring the COE, or we will help you pull one, before you shop a price the file cannot hold.
What is residual income?
Residual income is money left each month for food, gas, and the rest of life after the house payment and other debts. VA uses that leftover, not only a debt-to-income percentage. Household size and the region of the country change the table. That is why a conventional pre-approval and a VA approval are not the same number.
What is a VA IRRRL?
An IRRRL is a VA streamline refinance of an existing VA loan. It is meant to lower your rate, or to move from an adjustable rate to a fixed one, with less paperwork than a cash-out. The 2026 funding fee is 0.5 percent. It still has to actually help you. You cannot take cash out this way, and we will not streamline a conventional or FHA loan. Ask for details.
What if rates drop after I lock?
A rate lock holds your interest rate for a set number of days so it does not jump while we close. If rates drop after that lock, Egan Financial Group LLC gives you one float-down before closing. That means we can move you to the lower rate one time. It is not unlimited. Ask for details on your file.
Do you originate VA loans?
Yes. Egan Financial Group LLC originates VA purchase, cash-out, and IRRRL files as a mortgage banker. We underwrite and fund. NMLS 2647764.
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Written by Bill Egan, NMLS 7342. Egan Financial Group LLC NMLS 2647764. The VA maximum we lend is not a quote from this office and not a commitment to lend. Loan amount, rate, and eligibility depend on the file. Confirm funding-fee figures on va.gov. Seller concessions, including debt payoff, are limited by VA rules — ask for details.