- 100% financing to $417,000
- loan amounts available to $1,000,000
- 4% max seller contribution
- VA guarantees 25% of the loan for lender max exposure of 75%
- Cash out refis to 90%
- There is no monthly mortgage ins the veteran finances a funding fee.
- VA loans are for primary residences only
- There are more than 25 Million veteran legible for a VA loan,
- For Reservist and National Guard veterans there must be minimum of 6 years served.
- Eligibility for the VA loan is defined as Veterans who served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime.
- The current required credit score is 640
Veterans are exempt from funding in some cases.