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!