How can a VA Mortgage help you?
VA loan program offers a long-term financing to qualified home buyers with NO DOWN PAYMENT required. VA mortgage lenders offers different home loans that are made to meet your needs:

Borrowers can qualify for a 100% Sales Price financing
Purchase a single family home, a condominium unit
Renovate, repair or upgrade your residence
Mortgage refinancing
Build a single family home
Purchase a manufactured home and/or lot

VA loan program is excellent for a single program whether if you have No down payment or less money down. Private mortgage insurance is not required for this kind of loan program.

VA Loan Program Guidelines
Fico Score:
Transactions with a base loan amount ≤ $417,000 prior to the inclusion of the funding fee require a minimum of 620 FICO.Transactions with a base loan amount between $417,001 – 650,000, prior to the inclusion of the funding fee require a minimum of 720 FICO.
Transactions with a base loan amount of >$650,000, prior to the inclusion of the funding fee require a minimum of 740 FICO.

LTV:
(Purchase): 96.50%
(Refinance): 97.75%
(Refinance cash out): 85%
(Streamline): up to 125%

Terms:
30 year / 15 year / 5 year / 3 year

Occupancy:
Owner Occupied only

DTI:
45 / 55

Maximum Loan Amount:
1 Unit: Lesser of $ 417,000 or maximum county limit
2 Units: Lesser of $ 533,850 or maximum county limit
3 Units: Lesser of $ 645,300 or maximum county limit
4 Units: Lesser of $ 801,950 or maximum county limit

Non-Occupying Buyer:
Allowed

Flip Waiver:
Allowed – Requires 2 Appraisals

Down Payment Assistant:
Allowed – CHDAP and ACCESS

Property Type:
Attached / Detached SFR
PUD
HUD Approved Condos
2 – 4 Units

Self-Employed:
Allowed

Maximum number or Properties financed:
2 – Inclusive of Subject Property