For current active duty, reservist and veterans to our military, the U.S. Department of Veterans Affairs offers home loans for borrowers looking to purchase a new primary residence, financing up to 100% of the sales price.
While the U.S. Department of Veterans Affairs does have a financed funding fee, which is waived in the event of a service related disability; government rates are normally far lower than similar conventional options creating an incredible opportunity for those who qualify.
The VA Purchase Loan requirements are:
- 4% Maximum Seller Concession
- 640 Middle Credit Score
- Bankruptcy (2 Years from Date of Discharge)
- Foreclosure (3 Years from Date of Discharge)
- No Reserve Requirement
Contact us to speak to one of our knowledgeable staff members or to receive more information on our mortgage loan products and services.