Miami-Dade County · VA home loans
Miami VA Loans
Zero-down VA financing for Miami homes and condos, priced live across many VA lenders. With full entitlement there is no VA loan limit, which matters in a city where the median is near $600,000.
We specialize in Miami VA home loan programs.
Miami is home to thousands of veterans and active-duty families, including those assigned to U.S. Southern Command in Doral and the Coast Guard units around the city. The VA home loan is the best mortgage most of them will ever be offered: no down payment, no monthly mortgage insurance, rates that usually price below conventional, and limits on what lenders can charge.
On Mortgage connects you with multiple VA lenders so you can compare rates and terms side by side, and we handle the Certificate of Eligibility, the VA appraisal and the condo questions that come up constantly in Miami. To compare VA with every other program, see today’s Miami mortgage rates or talk to our Miami mortgage broker team.
Today’s Miami 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 Miami-Dade 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 Miami scenario, no credit pull.
Miami VA Loan Benefits: Flexible, Affordable Home Financing
No down payment
Finance 100% of the price when it does not exceed the appraised value and you have the entitlement.
No monthly mortgage insurance
A one-time funding fee instead, waived for veterans receiving disability compensation.
Lower rates
VA rates typically price below conventional for the same borrower; today’s Miami-Dade 30-year VA par rate is 6.500%.
Limited fees
VA caps the lender’s origination charge and bars certain fees from being charged to you.
Seller help
Sellers can pay your normal closing costs plus up to 4% in concessions.
Flexible credit
VA sets no minimum score; it relies on residual income and a full review of the file.
VA Loans in Miami for First-Time and Veteran Homebuyers
For a first-time buyer leaving the service or transferring to Miami, VA turns a high-priced market into a reachable one: no down payment, and closing costs a seller can cover. For a veteran who has used the benefit before, the questions are about entitlement: whether it was restored when the last home was sold, and what remains if that loan is still open.
The funding fee is the main cost of using VA. On a Miami purchase at the citywide median:
| $595,000 purchase | Loan before the fee | First VA loan | Later VA loans |
|---|---|---|---|
| No down payment | $595,000 | 2.15%: $12,793 | 3.30%: $19,635 |
| 5% to 9.99% down | $565,250 | 1.50%: $8,479 | 1.50%: $8,479 |
| 10% or more down | $535,500 | 1.25%: $6,694 | 1.25%: $6,694 |
| Receiving VA disability compensation | No funding fee | ||
Fee percentages set by the VA for purchase loans; the fee is usually financed into the loan.
Explore Miami VA Home Loan Rates with On Mortgage
We help veterans and service members across Miami secure VA financing with zero down, no PMI and competitive VA rates, from Little Havana to Westchester and the neighborhoods west of the city. Because we are a broker, you see several VA lenders’ pricing, not one bank’s, and VA pricing does vary between lenders in rate, credits and fees.
Ask us about the VA Interest Rate Reduction Refinance Loan if you already have a VA mortgage, and the VA cash-out refinance if you want to refinance a non-VA loan into a VA loan.
2026 VA Loan Limits in Miami
Here is the point most often misunderstood: veterans with full entitlement have no VA loan limit. You can borrow as much as a lender will approve with no down payment, subject to income and the appraisal. The 2026 county limit of $832,750 matters only when part of your entitlement is still tied up in another VA loan. In that case, your remaining guaranty determines how much you can borrow with nothing down. At the Miami median of $595,000:
| Entitlement already in use | Remaining guaranty | Largest loan with no down payment | Down payment on $595,000 |
|---|---|---|---|
| None (full entitlement) | Full | No VA limit | $0 |
| $50,000 | $158,188 | $632,750 | $0 |
| $100,000 | $108,188 | $432,750 | $40,563 |
| $150,000 | $58,188 | $232,750 | $90,563 |
Remaining guaranty is 25% of the 2026 Miami-Dade conforming limit of $832,750 minus entitlement in use. Lenders generally require the guaranty plus any down payment to equal 25% of the loan. Individual lenders may vary.
Entitlement is restored when a VA-financed home is sold and the loan paid off, and in some cases it can be restored once through a one-time restoration if the loan is paid off but you keep the home. We review your Certificate of Eligibility to see exactly where you stand.
Miami VA Loan Options for Condos
VA loans can be used in VA-approved condo projects across Miami, including in Brickell and Edgewater, which lets veterans enjoy urban living with no down payment and no PMI. VA keeps its own list of approved condominiums, separate from FHA’s, so a building approved for one may not be approved for the other. If a building is not on VA’s list, the association can request approval, which takes time.
Expect the lender and VA to review the building’s budget, insurance and any special assessments, which are common in older Miami buildings working through Florida’s inspection and reserve rules.
Why Compare VA Loan Rates in Miami
As of mid-2026, Miami’s median sale price was around $595,000, with homes typically selling in about 87 days. On a loan that size, a small difference in rate or lender credit adds up quickly, and VA lenders price differently. Comparing several on the same day is the simplest way to save.
Why Choose On Mortgage for Your Miami VA Home Loan
Expert guidance, fast approvals and competitive VA rates for Miami purchases, refinances and relocations.
Entitlement clarity
We read your COE and tell you exactly what you can borrow with nothing down.
Condo screening
VA approval checked for Brickell, Downtown and Edgewater buildings.
Several VA lenders
Compared on rate, credits and fees.
Frequently Asked Questions: VA Loans
Is there a VA loan limit in Miami?
Not for veterans with full entitlement. The 2026 Miami-Dade conforming limit of $832,750 only affects borrowers who have entitlement tied up in another VA loan, where it determines how much they can borrow with no down payment.
Can I buy a Miami condo with a VA loan?
Yes, if the condominium project is on VA’s approved list. VA’s list is separate from FHA’s, so check both. We look up the building before you make an offer.
What credit score do I need for a Miami VA loan?
VA has no minimum score. Many lenders look for 580 to 620, and VA’s residual income test and overall credit review matter as much as the score.
How much is the VA funding fee?
For a first-time purchase with no down payment it is 2.15% of the loan; for later use it is 3.3%. A down payment of 5% or 10% lowers it. Veterans receiving disability compensation pay no fee.
Can I use a VA loan for a Miami rental?
No. VA loans are for homes you will live in. You can keep a VA-financed home as a rental after you move, but you must intend to occupy it when you buy.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“Caroline Da Silva from Miami Mortgage Brokers just got us approved for our first mortgage, and we would definitely work with her again after this experience! From the moment our broker connected us with Caroline, she was always several steps ahead throughout the process. We were impressed that Miami Mortgage Brokers had us clear to close a week early,...”
“Chris was outstanding throughout the entire transaction! Always accessible and was able to provide the best financing option when others could not! I would highly recommend him and hope to do more transactions with him.”
“I recently had the pleasure of working with Chris as my loan officer, and I cannot speak highly enough of his exceptional service. He guided me through every step with clarity and patience. What truly sets Chris apart is his remarkable efficiency: not only was he incredibly responsive to my inquiries, but he also expedited the loan process, resulting in the...”
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Price your Miami VA loan
On Mortgage will check your entitlement, compare VA lenders and confirm the property qualifies. Call or start online today.