USAA Bank VA Loan

You can request a COE online or by mail (Opens in New Window). You can also ask your lender to help you get a COE.

The COE confirms that you've met the service requirements needed to get a VA loan. You'll need one every time you apply for a VA loan. For more information, visit the U.S. Department of Veterans Affairs website (Opens in New Window).

It can be an existing single-family home, townhouse or condo, or new construction. At this time we don't offer VA loans for mobile or manufactured homes. It must be your primary residence — not a vacation home or investment property.

The VA has high standards on the condition of the property, you may have a harder time using a VA loan for a major restoration project. Some lenders may offer special VA programs for homes that need alterations or repairs.

It's a one-time, non-refundable VA fee you generally have to pay when you get a VA-backed mortgage. In most cases, the VA funding fee can be rolled into the loan. But keep in mind it will add to your overall loan balance. The fee typically ranges from 1.25% to 3.3% of the loan amount. The exact fee amount is based on the loan purpose, your down payment amount, your service history and if you've used your VA loan eligibility before.

Some are exempt from the fee, including:

• Those who get VA compensation for a service-connected disability.
• The surviving spouse of a veteran who died in service or from a service-connected disability.
• Active-duty Purple Heart recipients.