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 Coverage 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 $83,023/year gross income (28% front-end DTI on a $420,858 loan). VA is more flexible than most programs — residual income and compensating factors let some buyers qualify with lower income.
Veteran Population
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
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