VA LoansA VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than FHA or conventional loans.
The VA offers great option to our veterans. -Credit score minimums can go as low as 580 -Down payment is always 0% down, if you so choose -Loan limits are up this year to $453,100 -If you want to buy a property above the loan limit, you are only responsible for 25% down payment on the overage -If you are currently receiving disability from the military, your funding fee is waived -No mortgage insurance is required -Closing costs are lower the FHA or Conventional loans -Rates are typically the lowest across the board -Your VA benifits can be used multiple times -You also have some amazing refinancing options Click Here to learn more. |
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