VA (Department of Veterans Affairs) loans are designed to provide assistance in purchasing a home for United States Veterans. In most cases, no down payment is required (unless required by the lender or the purchase price is more than the reasonable value of the property) and the parameters for attaining the loan are less stringent. VA guaranteed loans are made by private lenders to eligible veterans for the purchase of a home which must be for their own personal occupancy and requires a funding fee.

The VA Loan Program allows you the flexibility to obtain the most competitive rates on the market at any given time, and to insure you have the lowest monthly payment possible.

The VA Program offers:

• 100% financing on purchases and 90% cash-out refinances
• Upfront mortgage insurance (no monthly mortgage insurance)
• Jumbo loan amounts available
• Loan amounts range from $453,100 for one unit properties up to $1,386,650 for a four unit property, depending on county

Do You Qualify?

• No foreclosure/bankruptcy in the last two years
• No late housing payments in the 12 months prior to the loan application
• Secondary or subordinate financing not allowed
• Must have full documentation plus VA eligibility