Davie · student veterans and energy upgrades
Davie VA Loans
Zero-down VA loans in Davie for veterans finishing a degree, families moving out to the ranch lots, and anyone who wants to fold solar or efficiency upgrades into the mortgage.
We specialize in Davie VA home loan programs.
Davie has a side most of Broward does not: it is a college town. Nova Southeastern University’s main campus, Broward College’s Central Campus and Florida Atlantic University’s Davie campus all sit within a few miles of each other, and plenty of the students on them are veterans using the GI Bill. Many of those veterans would rather build equity in a Davie townhome than pay rent through a four-year program, and VA lets them buy with nothing down.
The catch is income: the money that pays for school is not the money a lender counts. On Mortgage sorts that out before you shop, then compares VA lenders on price. VA sits next to every other program on the Davie mortgage rates page, or you can reach our Davie mortgage broker team directly.
Today’s Davie VA Mortgage Rate
0.224 points
No points, no credit
0.250 points
0.064 points
0.112 points
Par rate per program for a single-family primary residence in Broward County, 20% down, 780+ credit, 30-day lock, escrows included. Rates change through the day and are not a commitment to lend. Price your own Davie scenario, no credit pull.
Davie VA Loan Benefits: Flexible, Affordable Home Financing
No down payment and no monthly mortgage insurance help any buyer, but they matter most to a veteran in school, who usually has little saved. What decides the approval is which income a lender can use. VA guidance treats education benefits as temporary, so the GI Bill housing allowance generally cannot be counted, even though it may be the largest deposit in your account. Here is how the common sources for a student veteran tend to be treated:
| Income while in school | Usually counts toward a VA loan? |
|---|---|
| GI Bill monthly housing allowance and tuition payments | Generally no; education benefits are treated as temporary |
| VA disability compensation | Yes, and it also waives the funding fee |
| Reserve or Guard drill pay | Yes, with a history of receiving it |
| Full-time or part-time job during school | Yes, when stable; part-time pay usually needs a track record |
| Graduate assistantship or stipend | Case by case, depending on how long it is set to continue |
| A spouse’s or co-borrower’s income | Yes, when that person is on the loan |
| Signed offer for a job starting after graduation | Sometimes, within the lender’s rules on start dates |
General treatment only; lenders apply VA guidance to each file. Time in school can count toward your two-year work history when you return to work in the field you studied.
VA Loans in Davie for First-Time and Veteran Homebuyers
For a first-time buyer who is still a student, timing helps. Some veterans buy in the final semester, once a job offer is signed; others buy with a working spouse’s income and let disability compensation fill the gap. Either way, the townhomes and villas west of University Drive and the older single-family streets around downtown Davie are where most first VA purchases happen, because they keep the payment workable on one salary.
The funding fee is the one cost VA adds. On a home at the Davie median:
| $520,000 purchase | Loan before the fee | First VA loan | Later VA loans |
|---|---|---|---|
| No down payment | $520,000 | 2.15%: $11,180 | 3.30%: $17,160 |
| 5% to 9.99% down | $494,000 | 1.50%: $7,410 | 1.50%: $7,410 |
| 10% or more down | $468,000 | 1.25%: $5,850 | 1.25%: $5,850 |
| Receiving VA disability compensation | No funding fee | ||
Purchase fees at $520,000. A veteran rated for service-connected disability pays none, and most borrowers roll the fee into the loan.
VA Home Loan Rates in Davie, FL
From the ranch lots in Sunshine Ranches and Long Lake Ranches to the family streets of Forest Ridge, Davie homes tend to be older, larger and hot to cool. VA’s Energy Efficient Mortgage lets you add the cost of upgrades such as solar panels, a solar water heater, attic insulation, a high-efficiency air conditioner or low-E windows on top of the purchase price, with nothing more down. Documented costs up to $3,000 can be added outright; up to $6,000 is allowed when the higher payment is not expected to exceed the energy savings; larger amounts need VA’s own review. At today’s VA rate on a $520,000 home:
| $520,000 purchase, nothing down | No upgrades | $3,000 of upgrades | $6,000 of upgrades |
|---|---|---|---|
| Base loan, including upgrades | $520,000 | $523,000 | $526,000 |
| First-use funding fee (2.15%), financed | $11,180 | $11,245 | $11,309 |
| Principal and interest, 30 years | $3,357 | $3,377 | $3,396 |
| Added to the monthly payment | +$19 | +$39 |
Computed at Broward’s 30-year VA par rate of 6.500% this morning; taxes, insurance and any HOA are extra. For the $6,000 column to qualify, the energy assessment needs to show monthly savings at least equal to that added payment.
A few points that keep an energy upgrade from slowing the closing. The work is usually completed after closing, with the funds held in escrow until it is done. The contractor’s bid and, for the higher tier, an energy assessment go in the file early. And EEM money only buys improvements: it cannot repay debt or come back to you as cash. Davie’s acreage homes bring their own appraisal questions as well. VA can finance a house on a large lot when the property is residential in character and the lot size is typical for the area, and the appraiser values barns and fencing like any other site improvement, but horse boarding or farm income is not something we count to qualify you.
2026 VA Loan Limits in Davie
The old rule of thumb that VA loans in Broward stop at $832,750 is wrong for most buyers. If your entitlement is unused or has been restored, VA sets no maximum at all, and a lender will approve whatever your income and residual income support, with nothing down. The Broward conforming number only matters if an earlier VA loan is still open, which is common for veterans who bought at a duty station and kept the house:
| Entitlement already in use | Remaining guaranty | Largest loan with no down payment | Down payment on $520,000 |
|---|---|---|---|
| None (full entitlement) | Full | No VA limit | $0 |
| $60,000 | $148,188 | $592,750 | $0 |
| $120,000 | $88,188 | $352,750 | $41,813 |
| $170,000 | $38,188 | $152,750 | $91,813 |
At the Davie median. The remaining guaranty is a quarter of the county figure less the entitlement still committed elsewhere.
VA-Approved Condos in Davie
Davie’s condo stock is concentrated in a few large communities, many of them older garden-style complexes near Pine Island Road and the college corridor, plus a handful of newer townhome developments. Some are on VA’s approved list and many are not, and the status can change, so we look up the specific project rather than trusting a listing’s claim. A townhome that is not legally a condominium needs no project approval at all, which is worth checking before you rule a community out. Student veterans should also ask about rental caps: a building full of investor-owned units can still be approved, but the association’s documents and finances get a closer look.
Why Compare Davie VA Loan Rates
Davie’s middle sale price was close to $520,000 by mid-2026, and listings were taking something like three months or more to go under contract and close. That pace gives a VA buyer time to negotiate on price and on the seller paying closing costs. It also gives time to shop the loan: VA lenders differ in rate, in lender credits and in how comfortable they are with student income or acreage, and the gap is easily worth a few phone calls we make for you.
Why Choose On Mortgage for Your Davie VA Home Loan
Personal guidance from eligibility to closing, whether you are buying in Ivanhoe, Westridge or downtown Davie.
Student veterans
Income sorted before you write an offer.
Energy upgrades
Bids, assessments and escrow handled.
Entitlement checked
Prior VA loans and restored benefit reviewed.
Frequently Asked Questions: VA Loans
Can I buy a home in Davie with a VA loan while I am in college?
Yes. Being a student does not affect eligibility. You need qualifying income other than GI Bill education benefits, such as disability compensation, a job, drill pay or a co-borrower’s income.
Does the GI Bill housing allowance count as income for a VA mortgage?
Generally not. VA treats education benefits as temporary, so lenders do not use them to qualify you, though they still help you cover your costs.
Does using the GI Bill reduce my VA home loan entitlement?
No. They are separate benefits, and using one has no effect on the other.
What is a VA Energy Efficient Mortgage?
It adds the cost of energy improvements to a VA loan: up to $3,000 with documented costs, up to $6,000 when the added payment does not exceed expected savings, and more only with VA review.
Is there a VA loan limit in Davie?
Not with full entitlement. The 2026 Broward conforming figure of $832,750 only shapes the zero-down amount when some entitlement is still tied to another VA loan.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“Mike at On Mortgage has been incredible during our mortgage experience. We last minute wanted to move up the date by 2 weeks and he made everything happen very smoothly. They respond very fast to all the questions we had and get everything in order really fast. Will 1000% use your services again!”
“We cannot say enough amazing things about Caroline! As a first-time homebuyer, this was such a huge and exciting milestone for us, and we’re so grateful that we had her by our side throughout the entire process. Caroline was incredibly knowledgeable, patient, responsive, and supportive from beginning to end.”
“Caroline was great. Always responsive and available whenever I needed assistance or had questions. 10/10 would recommend to any veteran or anyone for that matter.”
More for Davie borrowers
Nearby in Broward
Start your Davie VA loan
Tell us where you are in school or work and what you want to buy. On Mortgage will confirm eligibility, sort out the income and compare VA lenders. Call or start online today.