VA loans do require a funding fee, which can be waived should the veteran have pending disability benefits; these fees are roughly 2.2% of purchase or construction costs. These fees can be wrapped into the final loan proceeds, whereas insurance, closing costs and other costs may not be. A standardized 1003 loan application is taken, income is verified via W2, and vets must produce their DD214 discharge papers. Although not many restrictions will apply to VA applicants, most approved lending sources will require an average FICO of 620. Surviving spouses may also use benefits, with the same underlying qualifications. More information about these loans, entitlements and other financial requirements can be addressed with your VA representative, or mortgage officer.