VA loans are ideal for Veteran home buyers since there is no down payment for standard loan amounts ($417,000 and below). In order to be qualified, you must be a qualifying Veteran of the United States Military. A VA Funding Fee is required up front for most loans, but this fee can be included in the loan amount. VA will allow multiple loans for a single borrower so long as the borrower has sufficient entitlement. A portion of the borrower’s available entitlement is deducted for any open VA loan or defaulted loan. Lack of sufficient entitlement does not disqualify the veteran, but will instead require a down payment on the loan.
To learn more about VA lending, call me and I’ll get you in contact with one of my preferred VA lenders.
Thank you Troops in all you in all you do and the sacrifices for our great country.
Phoenix Real Estate 3 Bedroom Homes, 2 Baths, $417,000 and below:
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