The Ultimate Guide to VA Loans in Arizona
Published on October 8, 2025
For veterans and active-duty service members in Arizona, the VA loan is one of the most powerful tools for homeownership. Backed by the U.S. Department of Veterans Affairs, this loan program offers incredible benefits that make buying a home more accessible and affordable, especially for those stationed at local installations like Luke Air Force Base.
What are the Key Benefits of a VA Loan?
The advantages of a VA loan are significant, especially in a competitive market like Phoenix.
- No Down Payment: For most eligible veterans, you can finance 100% of the home's purchase price without needing a down payment.
- No Private Mortgage Insurance (PMI): Conventional loans typically require PMI if your down payment is less than 20%. VA loans have no PMI, which can save you hundreds of dollars per month.
- Competitive Interest Rates: Rates on VA loans are often lower than conventional loan rates.
- Limited Closing Costs: The VA limits the closing costs lenders can charge, helping to keep your out-of-pocket expenses down.
Who is Eligible for a VA Loan in Arizona?
Eligibility is typically based on your length and type of service. The first step is to obtain your Certificate of Eligibility (COE), a process we can help you with quickly and easily. Here is a general breakdown of service requirements:
| Service Era | Requirement |
|---|---|
| WWII | 90 total days |
| Post-WWII | 181 continuous days |
| Vietnam War | 90 days |
| Post-Vietnam | 181 continuous days |
| Persian Gulf War | 24 continuous months or the full period for which you were called to active duty |
| Active Duty | 90 continuous days |
The VA Funding Fee Explained
Instead of mortgage insurance, most veterans pay a one-time VA funding fee. This fee goes directly to the VA to help keep the loan program running for future generations. The fee varies based on your down payment amount and whether it's your first time using your VA loan benefit.
Importantly, some veterans are exempt from the funding fee, including those receiving VA disability compensation. We can help you determine if you are exempt.
Common Myths vs. Facts about VA Loans
- Myth: Sellers don't like VA offers. Fact: In a competitive market, a VA offer from a pre-approved buyer is very strong. We work with real estate agents to highlight the strengths of your offer.
- Myth: VA loans take forever to close. Fact: With a knowledgeable lender, VA loans can close just as quickly as conventional loans. Our streamlined process ensures no unnecessary delays.
Your Step-by-Step Guide to Getting a VA Loan in Arizona
- Contact Us for a Pre-Approval: This is the most important first step. We'll help you get your Certificate of Eligibility (COE) and determine your budget.
- Find a Great Real Estate Agent: We can connect you with agents who are experienced with VA buyers in the Phoenix and Scottsdale area.
- Make an Offer: Your agent will help you submit a strong offer on your dream home.
- The VA Appraisal and Underwriting: We will order a VA appraisal and our team will handle all the underwriting details to finalize your loan.
- Closing Day: You'll sign the final paperwork and get the keys to your new home!