Down Payment on a VA Loan: Do You Need One and Does It Ever Make Sense?
Posted by Luke Martin on
The VA loan's zero down payment benefit is one of the most valuable things the military benefit system offers. But the question of whether to actually use it — or whether putting some money down makes more sense in your specific situation — comes up constantly among military buyers in Colorado Springs.
Here's a straight answer: most VA buyers should go zero down. But there are specific situations where a down payment changes the math enough to be worth considering. This post covers both.
The Basic Answer: No, You Don't Need a Down Payment
The VA loan program does not require a down payment. That's true regardless of the purchase price, as long as you have full VA entitlement. There is no minimum contribution required from the buyer. You can…
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