VA Home Loans in St. Augustine, FL
With 11.8% of residents having served, St. Augustine has a strong veteran community well above the national average.
BAH & VA Qualifying Income in St. Augustine
E-5 BAH at $2,220/mo covers approximately 74.6% of estimated monthly housing costs in St. Augustine. Senior NCOs and officers (E-6 through O-5) see full or near-full coverage.
VA Funding Fee — St. Augustine
| Down Payment | Funding Fee | Amount |
|---|---|---|
| 0% down (first use) | 2.15% | $8,858 |
| 5% down | 1.50% | Lower fee |
| 10%+ down | 1.25% | Lowest — no MIP ever |
Disabled veterans with a service-connected rating may be exempt from the funding fee entirely. Surviving spouses of service members who died in the line of duty are also exempt.
Income to Qualify
To comfortably afford a VA loan in St. Augustine, lenders typically look for around $83,023/year in gross income against a $420,858 loan. VA is more flexible than most programs — residual income and compensating factors let some buyers qualify with lower income.
Veterans in St. Augustine
An estimated 11.8% of St. Augustine residents are veterans. With 11.8% of residents having served, St. Augustine has a strong veteran community well above the national average.
Frequently Asked Questions
Ready to use your VA benefit in St. Augustine?
0% down, no PMI, competitive rates. Get a personalized quote in minutes.