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Deerfield Beach VA Loans
Zero-down VA loans for Deerfield Beach homes and condos, and a clear guide for veterans with a disability claim in progress: when the funding fee is waived, and when VA refunds it after closing.
We specialize in Deerfield Beach VA home loan programs.
Deerfield Beach draws veterans of every age, from retirees in Century Village to younger buyers in The Cove and the neighborhoods west of I-95. Many of them have a disability claim at some stage: an established rating, an increase in review, or a first claim filed after separation. Where that claim stands on closing day decides whether you pay the VA funding fee, which on a typical Deerfield purchase runs to several thousand dollars.
On Mortgage checks your exemption status before you lock, documents a pending claim, and follows up on a refund if your rating comes through later. Compare all programs on the Deerfield Beach mortgage rates page, or talk with our Deerfield Beach mortgage broker team.
Today’s Deerfield Beach 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 Deerfield Beach scenario, no credit pull.
Deerfield Beach VA Loan Benefits: Flexible, Affordable Home Financing
VA loans need no down payment and no mortgage insurance; the one cost VA adds is the funding fee, and a disability rating is the most common way to avoid it. Where you stand on closing day, in general terms:
| Your situation at closing | Funding fee |
|---|---|
| Receiving VA compensation for a service-connected disability, at any paid rating | Exempt |
| Entitled to compensation but receiving retirement or active-duty pay instead | Exempt |
| Active duty with a proposed or memorandum rating issued before closing | Exempt |
| Active duty and awarded the Purple Heart | Exempt |
| Surviving spouse receiving Dependency and Indemnity Compensation | Exempt |
| Claim filed but not yet decided | Paid at closing, refundable if the rating is effective before the closing date |
| No claim and no rating | Paid, usually financed |
Summary of VA funding fee exemptions; VA records the status on your Certificate of Eligibility. A 0% rating with no compensation payable does not by itself exempt you.
VA Loans in Deerfield Beach for First-Time and Veteran Homebuyers
Many first-time buyers are recently separated veterans with a claim still working through VA. If you close before the decision, you pay the fee, almost always by adding it to the loan. If VA later grants a rating with an effective date on or before your closing, you can be refunded. Is the refund worth chasing? Here is what a financed fee on a $326,000 Deerfield purchase with nothing down costs at today’s VA rate:
| $7,009 fee financed (2.15% first use) | After 5 years | After 10 years | Over 30 years |
|---|---|---|---|
| Added to each monthly payment | $44 | $44 | $44 |
| Paid toward the fee so far, with interest | $2,658 | $5,316 | $15,949 |
| Interest paid on the fee | $2,210 | $4,249 | $8,940 |
| Fee still owed in the balance | $6,561 | $5,942 | $0 |
Figured at this morning’s 6.500% VA quote for Broward, 30-year fixed. A refund returns the fee itself; how it is applied, paid to you or credited to the loan, depends on how VA and your servicer process it.
To keep a refund possible, tell us about any pending claim before closing so it is noted in the file, keep your closing disclosure, and send us your award letter when it arrives. If the effective date is on or before the closing date, the refund request goes to VA’s loan guaranty service. Waiting a few weeks for a decision before closing can also make sense when it is expected soon and the seller is flexible.
Deerfield Beach VA Home Loan Rates Made Easy
On Mortgage helps veterans and active-duty buyers compare VA rates across lenders, whether near Century Village, in The Cove or by Crystal Lake. Disability compensation also helps you qualify: it counts as income when you have the award letter, it continues without an end date in most cases, and because it is not taxed, lenders can give it extra weight in the ratio and residual calculations.
Already own in Deerfield with a VA loan and recently received a rating? As long as you receive compensation, your next VA loan, including an Interest Rate Reduction Refinance, carries no funding fee.
2026 VA Loan Limits in Deerfield Beach
This page once said VA financing in Broward stopped at $832,750. That is not so for a veteran with full entitlement, who faces no VA limit at all. At Deerfield’s prices the question rarely comes up, but it can for a veteran who still has a VA loan on a previous home and wants a house near the beach:
| Entitlement already in use | Remaining guaranty | Largest loan with no down payment | Down payment on $326,000 |
|---|---|---|---|
| None (full entitlement) | Full | No VA limit | $0 |
| $75,000 | $133,188 | $532,750 | $0 |
| $140,000 | $68,188 | $272,750 | $13,313 |
| $195,000 | $13,188 | $52,750 | $68,313 |
At the Deerfield Beach median of $326,000. Even with substantial entitlement still in use, the remaining guaranty usually covers a full purchase here.
VA-Approved Condos in Deerfield Beach
Condos make up a large share of Deerfield sales, from the many associations within Century Village to beachside buildings and newer communities in the west. VA approval is by project, and where a complex is divided into separate associations, the approval of one says nothing about its neighbor, so we look up the exact building before you make an offer. Older coastal buildings may also be carrying assessments for Florida’s structural and reserve requirements, which count in your monthly costs. On the island, flood coverage through the master policy is part of the review.
Why Deerfield Beach VA Loan Rates Are a Smart Choice
The Deerfield Beach median sat near $326,000 in mid-2026, among the more affordable in Broward, with homes needing about three months to sell. VA’s zero-down terms go a long way at that price, and a seller on a slow timeline is often willing to pay your closing costs. We compare VA lenders so the rate is as sharp as the price.
Your VA Loan Partner in Deerfield Beach
Prequalification, eligibility, fee exemptions and closing, with local experience in The Cove, Crystal Lake and Century Village.
Exemptions confirmed
Fee status checked before you lock.
Pending claims
Noted at closing, refund pursued later.
Condo checks
Each association’s VA status verified.
Frequently Asked Questions: VA Loans
Can I get my VA funding fee refunded?
Yes, if VA later awards disability compensation with an effective date on or before your loan closing date. The request goes to VA once you have the award letter.
I have a disability claim pending. Should I wait to close?
If a decision is expected soon and the seller can wait, it may save you the fee outright. Otherwise you can close, pay the fee, and seek a refund if the rating is backdated.
Are active-duty members with a pre-discharge rating exempt?
Yes. A service member with a proposed or memorandum rating issued before closing, showing eligibility for compensation, is exempt from the funding fee.
Does VA disability count as income for a mortgage?
Yes. With an award letter it counts, usually with no end date, and its tax-free status works in your favor.
Is there a VA loan limit in Deerfield Beach?
A veteran with entitlement fully available has none. For someone with a VA loan still open on another home, the $832,750 Broward conforming limit for 2026 is the starting point for the zero-down calculation.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“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.”
“Highly recommend working with her! She was professional, courteous, and always on time. She is soft-spoken, extremely knowledgeable, and took the time to answer all of my questions with patience and care. She made the entire mortgage process smooth and stress-free.”
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Tell us where your rating or claim stands. On Mortgage will confirm eligibility and fee status, check the property and compare VA lenders. Call or start online today.