VA Loan
Anybody who qualifies for a VA loan is provided with various financial benefits. It has been determined that over 60 million Americans are eligible to enjoy the benefits of VA. However, it has been observed that many people don't take advantage of the opportunity to claim these benefits. Are you one of them? If yes, we can definitely help... Connect with our VA specialist to inquire about the eligibility criteria for VA loans.
Considered a gift for active service members, veterans, members of Public Health Service and reservists, VA Loans require no down payment and are easily available from most lenders. Another great thing about VA Home Loans is that the US government also limits the amount of closing costs, appraisal fees and origination fees. As VA buyers are spared from the initial large up front payment, no wonder, about 90% of them take this route.
VA loans-Rewarding our Veterans
With no down payment, you can borrow a maximum VA loan amount of $417,000 in most states. However, just like FHA loans, loan limits have been increased in some high cost areas to as much as $1,000,000. So, how much home can you qualify for? Fill out this short form to get a personalized analysis of the amount you qualify for.
- VA loan provides up to 100 percent financing for qualified veterans.
- Closing costs typically amount to 3 to 4 percent of the loan amount. However, VA allows the seller to pay up to 6 percent of your closing amount. That's a unique benefit that is not available with most conventional mortgage loans.
- There are no prepayment penalties.
- With VA loans, you can purchase a home two years after bankruptcy.
- You can purchase home three years after a previous foreclosure.
- Provides default assistance to the foreclosure process (i.e. they do everything possible to keep you in your home if you run into financial difficulty.)
