With many home loan programs, buyers are required to make a sizable down payment. With rising housing prices, this places home ownership out of reach for many military professionals and veterans. However, with a VA loan, qualifying current and former service members can buy a home without a down payment. With a minimum FICO requirement of 580, those with blemished credit are encouraged to apply.
A 100% LTV home loan is available for purchase prices up to $1.5 million, and conforming loan limits apply. When you use a VA loan to finance your next purchase, you can consider a wide range of properties to find your perfect new home. Qualifying properties are single-family homes up to four-unit residential properties, and you must reside in the property after closing.
Program Highlights
- 580 Min FICO
- 100% LTV up to $1.5 MM
- Conforming Loan Limits Apply
- 1-4-unit property type, Owner Occupied
Competitive interest rates set the stage for affordable monthly mortgage payments. When you get pre-approved for your loan through VeteransMortgage.com, you can learn about the interest rate you qualify for. We can also review the monthly payment for different loan amounts, which enables you to set a purchase price that accommodates your budget.
The first step in your home search is learning about the loan amount available to you. Once you get prequalified for your new home loan, you can confidently search for your new home. Our team at VeteransMortgage.com helps military professionals and veterans make home ownership a reality every day, and we are eager to speak with you about your goals and financing needs.
