Here's how it works:

        100% financing without private mortgage insurance or 20% second mortgage.
        A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
        When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
        When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.

Apply for a VA Loan with a VA Qualified Lender.