No! VA loans are more forgiving of credit issues than conventional loans. While there's no official minimum credit score, The Smith Mortgage Group typically works with borrowers who have scores of 620 or higher. We can often help with lower scores if you have strong compensating factors.

The VA funding fee is a one-time fee that helps sustain the VA loan program. It varies based on your service, down payment amount, and whether it's your first time using the benefit. The fee can be rolled into your loan. However, if you receive VA disability compensation, you may be exempt from this fee. The Smith Mortgage Group will help you understand your specific situation.

Yes! Your VA loan benefit is lifetime and can be used multiple times, as long as you pay off previous VA loans or sell the property. The Smith Mortgage Group can help you understand how to restore your entitlement and use your benefit for future home purchases.

Absolutely! VA loans can be used to purchase properties with up to four units, as long as you live in one unit as your primary residence. This is an excellent way to generate rental income. The Smith Mortgage Group can help you evaluate the investment potential of multi-family properties.

VA loans typically take 30-45 days to close. The Smith Mortgage Group has extensive VA loan experience and can often close in as little as 21 days when all documentation is ready. We understand military timelines and work efficiently to meet your needs.