VA Loans - Fast Facts

October 1, 2018

 

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs.

VA helps Service members, Veterans, and eligible surviving spouses become homeowners. The VA Loan are designed for:

 

  • Veterans

  • Active-duty personnel

  • Reserve  members

  • National Guard members

  • Eligible surviving spouses 

 

  • No Down Payment

  • 100% Financing

  • No Income Limits

  • Owner Occupied

  • Credit Score 620 Fico

  • $453,100 Limit

  • Competitive Interest Rates

 

I recommend going to a local lender vs. an online lender for your VA home loan. For any loan for that matter. Many local banks and mortgage lenders offer VA loans. Local lenders know the area and the local requirements. 

 

You can get additional information at the U.S. Department of Veterans Affairs website.

HomeServices Lending website. Ric Frederick, Branch Manager 860-460-8188

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