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The VA loan program was created solely for veterans.
Under this program, veterans are guaranteed sufficient mortgage
funding to purchase or refinance a home. Veterans may obtain up
to 100% on financing purchases.
Features and Benefits:
- Do not have to be a first time home buyer
- No down payment or cash reserves required
- Can be used for purchase or refinance
- Can pre-pay without penalty
- Assumable loans subject to VA credit approval
Eligible Properties:
To be eligible for a VA loan, the potential property
must be a single family home. For maximum mortgage amounts, consult
your lender.
What You Need for a VA Application:
In addition to regularly required paperwork,
VA loans require that you bring in:
- A copy of the DD-214 Discharge Papers
- The original VA Certificate of Eligibility
- Your drivers license
- Your social security card
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