VA Financing - 100% Financing
You have served this country, and you deserve this benefit. We appreciate your bravery and sacrifices.
​
Veterans Affairs guarantees a portion of the loan, you receive a competitive interest rate often without requiring a down payment or Private Mortgage Insurance (PMI). Borrowers must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan.
Who qualifies for a VA loan?
-
Active-duty service members, veterans, current or former National Guard or Reserve members, and surviving spouses.
-
A minimum credit score of 640 is required
-
A valid Certificate of Eligibility (COE) is required
-
Additional VA forms required
VA loan requirements as set by the U.S. Department of Veterans Affairs:
-
The basic entitlement available to each borrower is $36,000. We can loan up to 4 times the available entitlement without a down payment, provided the borrower's income and credit qualify, and the property appraises for the asking price.
-
Maximum VA Financing is $647,200. VA does not set a cap on how much you can borrow to finance your home. However, there are limits on the amount of liability the VA can assume.
​
Contact your First American Mortgage loan officer to get the ball rolling for your VA Home Loan!