Eligibility Demands for VA Mortgages
VA mortgages are supported by the federal government and 100% funding can be obtained, by having an upfront capital cost that is put into the mortgage and paid within the lifetime of the mortgage. To qualify, a borrower needs to be an active member of the army, reserves or national guard, or even a veteran, or even a current or spouse that is surviving.
Purchase Loan Benefits
- No down payment needed!
- No mortgage that is private required!
- Onetime VA capital fee included with loan and paid over lifetime of loan.
- Less-than-perfect credit okay (minimum 640 FICO score).
Refinance Mortgage Advantages
(Refinancing a current va loan)
- No Private Mortgage Insurance required. Continue reading “As much as 100per cent financing for active armed forces, reserves or nationwide guard, or veterans, or their partners”