VA NEW HOME PURCHASE LOANS
Among the many benefits provided by the Veterans Administration to reward our nations brave Veterans and Service Members is the opportunity for VA qualified individuals to obtain 100%, no down payment VA Home Purchase financing.
The VA provides interest rate and cost controlled VA Loan programs to VA approved lenders for the purpose of originating VA Home Loans to Veterans and Service Members.The VA has incorporate strict guidelines to protect against unscrupulous lending practices.
NO OBLIGATION VA NEW PURCHASE LOAN QUOTE GET PRE-APPROVED TODAY |
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VA FIRST TIME HOMEBUYERS (100% FINANCING - $8000 TAX CREDIT) |
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VA NEW HOME PURCHASE FINANCING (UP TO 100% FINANCING) |
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HERE ARE JUST A FEW OF THE VA HOME PURCHASE PROGRAMS OFFERED
The VA offers several different options depending on the individual circumstances and needs of the eligible VA borrow. These programs include:
NO DOWN PAYMENT: The VA will finance 100% of the purchase price.
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FIXED RATE LOANS: 30, 25, 20 and 15 year amortization's.
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ADJUSTABLE RATE MORTGAGES (ARM): The VA offers various Adjustable Rate programs including the popular VA Hybrid ARM.
SPECIAL BENEFIT: Once a Veteran has a VA Home Loan, the VA provides a wonderful ongoing benefit that allows the Veteran to refinance to the lowest available interest rate at any given time. This program is referred to as the VA Streamline Refinance, commonly known as a VA IRRL interest rate reduction program. Follow this link for more information on this program.
GET THE ANSWERS TO YOUR VA PURCHASE LOAN QUESTIONS HERE
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QUESTION: What is the maximum VA Loan amount?
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Answer: The present VA loan amount with zero down payment in the US is $417,000. This figure may vary for state to state and possibly various cities within a state.
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QUESTION: Is there really no down payment, 100% financing available when purchasing a home with a VA Loan?
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Answer: No. The VA does not require a down payment for eligible Veterans and Service Members.
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QUESTION: I am a widow of a Veteran. Can I still use my deceased spouses eligibility to buy or refinance out home?
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Answer: Yes. Provided the you were married to the eligible Veteran or Service Member at the time of the death.
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QUESTION: I filed bankruptcy. How long before I can get a loan?
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Answer: The VA requires that the bankruptcy be discharged for at least 2 years and your credit has been good since the discharge. You can find more detailed information regarding VA Loan Credit Requirements HERE
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QUESTION: I am a Veteran and my credit is not the best. Can I still get approved for a VA Loan?
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Answer: VA Loan Underwriters and VA Mortgage Lenders are bound by the VA credit guidelines and regulations but try everything possible to get a VA Loan Approval when there are credit issues involved. You can find more detailed information regarding VA Loan Credit Requirements HERE
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QUESTION: What type of property can a VA Loan be used for?
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Answer: To buy a home, a condominium unit in a VA-approved project, or to purchase a unit in a cooperative (co-op). A VA Loan may also be used to purchase a manufactured home.
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QUESTION: How much can a seller pay towards my closing costs?
Answer: A seller can pay a Sellers Concession up to 4% of the loan amount.
When applying for a VA Loan, working with a the right VA Approved Lender who are VA Loan experts and who specializes in originating VA Loans may mean the difference between getting approved or not because of the complexities and specific VA approval guidelines required by the Veterans Administration.
This site has researched and developed relationships with professional high quality VA approved lenders nationwide in an effort to help our valued visitors obtain a VA Loan Quote from a VA Home Loan Expert. To get your VA Loan Quote CLICK HERE
