What is a Veterans Loan Mortgage?

A VA loan is a mortgage offered through the U.S. Department of Veterans Affairs program. They are available to active and veteran service personnel and eligible family members and are backed by the federal government but issued through private lenders.

VA loans have generous terms, such as no down payment, no mortgage insurance, and no prepayment penalties.

TYPES OF PROPERTIES

• Residential Properties: Houses and Approved Condos

PROGRAM DETAILS

• Minimum Down Payment: 0%
• Maximum Debt to Income Ratio: 56%
• Loan Amount Limit: $726,200 (varies with type of property, state, and county)

requirements

• Individuals applying for a VA loan mortgage, need to provide the lender with a certificate of eligibility from the VA. This certificate is available through the US Department of Veteran Affairs. To obtain this certificate, you will need to produce service-related documentation, which can vary based on whether you are active duty or a veteran.

who can apply?

• Domestic Clients: Qualifying US Citizens or Green Card Holders

What Interest Rates apply?

• Rates are subject to market change and depend on the borrower’s profile and loan parameters such as loan amount, loan program, and type of property.