Buying a Home with a VA Loan
LIFETIME BENEFITVeterans can use their VA Entitlement more than once to purchase or refinance properties.
0% DOWN
Traditional loans typically require a buyer to provide at least 3 to 5 percent of the homes price as a down payment and with today's stricter underwriting environment that down payment can reach 15 or 20 percent. For many first-time home buyers, supplying this amount of money upfront may not be feasible. The VA loan is one of the few programs in the country that does not require a down payment. Maximum loan amount with no down payment capped at $417,000. NO MORTGAGE INSURANCE REQUIRED!!!!
NON-CONFORMING LOANS(JUMBO)
Veterans can borrow up to $1,000,000 with a minimum down payment. NO MORTGAGE INSURANCE REQUIRED!!!
REFINANCING
VA Allows up to 100% cash-out refinancing for currently owned home.
VA STREAMLINE REFINANCE (IRRRL PROGRAM)
Veterans with current VA mortgage can refinance to a lower rate without appraisal or employment verification.
FIRST TIME BUYERS
The best financing available for first time home buyers.
VETERANS - YOU EARNED THIS ENTITLEMENT!!!!!