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VA Financing - 100% Financing 

You have served this country, and you deserve this benefit. We appreciate your bravery and sacrifices.

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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.

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      Contact your First American Mortgage loan officer to get the ball rolling for your VA Home Loan!

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