VA Loans in Phoenix, AZ

Phoenix has one of the largest veteran populations in the Southwest. VA is underused here and it should not be.

VA Loans in Phoenix: what you need to know

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs for active duty, veterans, reservists, National Guard, and eligible surviving spouses. It allows zero down payment, has no monthly mortgage insurance, and typically prices below conventional loans.

• 0% down payment on purchases, including VA jumbo above the conforming limit
• No monthly mortgage insurance, ever
• Competitive rates and flexible credit and debt-ratio guidelines
• Seller can pay closing costs; funding fee waived for many disabled veterans
• VA IRRRL streamline refinance and VA cash-out refinance for existing homeowners

The Phoenix market

Phoenix is a dozen markets in one. Arcadia and Biltmore behave like Scottsdale, Ahwatukee behaves like Chandler, and North Phoenix is new construction and relocation buyers. The program that fits depends on the zip code, and the lender needs to know the neighborhoods, not just the guidelines.

How Ricky's team handles VA loans in Phoenix

Every file starts with a 15-minute strategy call. We map your goal, run the numbers on VA loan against the alternatives, and issue a pre-approval that has been reviewed by a human underwriter, not a pre-qualification from a form. You get weekly updates, one point of contact, and a closing date we hit. Ricky Khamis has been lending in the Valley since 1999, is an 82nd Airborne veteran, and personally reviews VA loan files.

Frequently asked questions

Can I use a VA loan more than once in Phoenix?

Yes. VA entitlement can be restored after you sell and pay off a VA loan, and many veterans have remaining entitlement that allows a second VA loan even while keeping the first.

Do I need a down payment for a VA loan in Phoenix?

No. Eligible borrowers can buy with zero down, including on purchase prices above the conforming limit with full entitlement.

How fast can a VA loan close in Phoenix?

With a complete file, VA loans close on the same timeline as conventional loans, typically three to four weeks. Ricky's team works VA files personally.

Is there mortgage insurance on a VA loan?

No monthly mortgage insurance. There is a one-time VA funding fee that can be financed, and it is waived for veterans receiving VA disability compensation.

Source: Ricky Khamis, President of EPiQ Lending, NMLS #173141, Scottsdale, Arizona. Program guidelines change; contact us for current terms. Not a commitment to lend.