No. VA loans never require PMI, regardless of down payment amount.
Borrowers instead pay a VA funding fee, which can be paid upfront or rolled into the loan amount.

Some Arizona buyers—particularly those with service-connected disabilities—may be exempt from the funding fee.

Some costs—like the VA funding fee—can be rolled into the total loan amount.
Most other closing costs must be paid upfront, but Our Team can help negotiate seller concessions to reduce your out-of-pocket expenses.

Your COE verifies your VA loan entitlement.

It reflects:

✅ Length and type of service

✅ Duty status

✅ Character of service

Team CD of Fairway can obtain your COE for you as part of your application, so you don’t have to track it down yourself.

Your COE will also show whether you have:

✅ Full entitlement (allows zero down)

✅ Partial entitlement (may require a down payment)

Yes—many Arizona buyers use VA loans multiple times.
If you still have an outstanding VA loan, you may have partial or no remaining entitlement. Paying off your previous VA loan or selling your property can fully restore entitlement.

Yes, if the land includes a home or will include a home with VA-approved construction.
The surrounding properties must also be residential in nature.

Example:

⚫️ A home on 5–10 acres in places like Prescott Valley or Queen Creek may qualify

⚫️ A purely agricultural or income-producing property generally will not

VA construction loans are possible but not widely offered.

They require:

✅ A VA-approved Arizona builder

✅ VA-approved construction plans

✅ Additional documentation and underwriting

Call us today so we can walk you through the available options.

Fairway requires a minimum credit score of 580 to qualify for a VA loan.
Borrowers with scores from 580–599 may need additional documentation or underwriting review.

Call us to discuss your options.