A US Department of Veteran’s Affairs (VA) Loan allows qualified veterans to buy a house costing up to $417,000 without a down payment. Chief among those benefits is an opportunity to take part in the VA Loan program – a mortgage option that provides the opportunity for qualifying veterans to purchase a primary residence without putting any money down towards the sale price of the home. Additionally, the qualification guidelines for VA Loans are more flexible than for either FHA or Conventional Loans.
For qualified veterans, this can be a very attractive option.
Why Choose a VA Loan
- No Down Payment
- Minimum FICO as low as 580
- No Private Mortgage Insurance
- Competitive Interest Rates
- Easier to Qualify
- No Income Restrictions
- $417,000 max loan amount
See if you Qualify!
Are you eligible for a VA home loan?
While the VA Loan is designed specifically for those who served, there are a handful of requirements. In order to qualify for a VA Loan there are specific service conditions each borrower must meet.
The good news is that the qualification requirements for VA Loans are much more flexible than either FHA or Conventional Loans.
*The Product/Program information contained here is educational only and does not represent actual rates or financing terms.