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
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
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.
(Refinance cash out): 85%
(Streamline): up to 125%
30 year / 15 year / 5 year / 3 year
Owner Occupied only
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
Allowed – Requires 2 Appraisals
Down Payment Assistant:
Allowed – CHDAP and ACCESS
Attached / Detached SFR
HUD Approved Condos
2 – 4 Units
Maximum number or Properties financed:
2 – Inclusive of Subject Property
Save Thousands Today. Call Us at 800-610-4093 or fill the form below. Our Loan Expert will get back to you within 3 hours upon your request.