Who can benefit from this loan?
If you’re a military veteran, reservist, active duty personnel or surviving spouse of a military veteran, you are eligible to take advantage of the VA mortgage loan program.
Loan Program Details
- 100 percent financing – No Downpayment Required! (Unless required by the lender, the purchase price is more than the reasonable value of property or to meet the 25% VA Guaranty)
- No Mortgage Insurance
- Relaxed credit standards; no monthly cash reserves required
- Seller contributions allowed up to 4 percent
- Surviving spouse of deceased veteran may be eligible