VA Home Loans in Clearwater, FL
With 10.5% of residents having served, Clearwater has a strong veteran community well above the national average.
BAH Coverage in Clearwater
E-5 BAH at $2,238/mo covers approximately 76.9% of estimated monthly housing costs in Clearwater. Senior NCOs and officers (E-6 through O-5) see full or near-full coverage.
VA Funding Fee — Clearwater
| Down Payment | Funding Fee | Amount |
|---|---|---|
| 0% down (first use) | 2.15% | $8,643 |
| 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 Clearwater, lenders typically look for $81,237/year gross income (28% front-end DTI on a $410,643 loan). VA is more flexible than most programs — residual income and compensating factors let some buyers qualify with lower income.
Veteran Population
An estimated 10.5% of Clearwater residents are veterans. With 10.5% of residents having served, Clearwater has a strong veteran community well above the national average.
Frequently Asked Questions
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