Minimum down payment
0%. VA loans are the only major program with no down payment requirement for eligible borrowers. There is also no monthly mortgage insurance, which keeps the payment lower than most other programs.
Loan Program · VA · NMLS #278947
VA loans: 0% down, no mortgage insurance, a benefit you can reuse.
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs for veterans, active-duty service members, and eligible spouses. The headline numbers are hard to beat: zero down payment, no monthly mortgage insurance, and competitive fixed rates.
The VA benefit does not expire and it is reusable. Whether you are buying your first home in Camas or your fourth in Portland, I will walk you through entitlement, the funding fee, and exactly what your monthly payment looks like.
Minimum down payment
0%
Monthly mortgage insurance
None
2026 limit (1-unit)
$832,750
2026 Loan Limits
The 2026 numbers, county by county.
VA sets a county loan limit each year for borrowers using partial entitlement. All four counties we serve share the same 2026 VA limit for a one-unit home:
County 2026 Limit
Clark County, WA $832,750
Multnomah County, OR $832,750
Washington County, OR $832,750
Clackamas County, OR $832,750
The 2026 VA loan limit for a one-unit home is $832,750 in every county we serve, matching the FHFA conforming limit. One important detail: since 2020, veterans and service members with full entitlement have no county loan limit at all. The limit only matters for borrowers with reduced or partial entitlement, and I will tell you exactly where you stand.
Minimum Credit Score & Down Payment
What it takes to qualify.
Minimum credit score
The VA does not set a minimum credit score. Individual lenders do, and most look for around 620. I shop your file across 170+ lenders to find the one whose VA guidelines fit your credit.
Funding fee
A one-time fee paid at closing, waived for many disabled veterans. The amount varies with your down payment and service history, and I show it to you in writing.
No monthly mortgage insurance
The VA guarantee replaces private mortgage insurance, so you never pay PMI on a VA loan.
Reusable benefit
Use it again after you sell the home or pay down the loan. Your entitlement can be restored, which is why so many veterans use VA for every home they buy.
FAQ · VA
Questions buyers ask.
The questions people type into Google and AI before they call. If yours is not here, that is what the first call is for.
01 What is the 2026 VA loan limit in Multnomah County?
What is the 2026 VA loan limit in Multnomah County?
For a one-unit home, the 2026 VA loan limit in Multnomah County is $832,750, the same as every county in the Portland-Vancouver-Hillsboro metro. With full entitlement, you are not capped by the county limit at all.
02 Do VA loans require a down payment?
Do VA loans require a down payment?
No. Eligible veterans, active-duty members, and qualifying spouses can buy with 0% down, and there is no monthly mortgage insurance.
03 Can I use my VA loan benefit more than once?
Can I use my VA loan benefit more than once?
Yes. The VA benefit is reusable. After you sell the home or pay down the loan, your entitlement can be restored and used again.
04 Is there mortgage insurance on a VA loan?
Is there mortgage insurance on a VA loan?
No monthly mortgage insurance. Instead, most borrowers pay a one-time VA funding fee at closing, and many disabled veterans are exempt from it.
05 Can I buy a condo or multi-unit property with a VA loan?
Can I buy a condo or multi-unit property with a VA loan?
Yes. VA loans work for condos on the VA-approved list and for multi-unit properties up to four units, as long as you occupy one unit as your primary residence.
Let's check your numbers.
If you served, you earned the benefit. Book a call and we will check your entitlement and run your real numbers.
Loan limits, credit requirements, and program guidelines are set by the agencies and by each lender, and they change every year. The numbers on this page are the 2026 figures as published. Jeff verifies the current limits and requirements against your exact situation before you build a plan.