Eligibility Needs for VA Mortgage Loans
VA mortgages are supported by the government that is federal 100% funding is present, having an upfront financing cost this is certainly put into the mortgage and paid on the life of the mortgage. To qualify, a debtor should be a dynamic person in the armed forces, reserves or nationwide guard, or even a veteran, or a current or surviving spouse.
Purchase Loan Benefits
- No advance payment needed!
- No Private Mortgage Insurance required!
- Onetime VA money 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)