VA Home Loans

Mortgage Loans for Veterans
Loan Guaranty Loan Production
NationalFinancer has relationships with many lenders that participate in the VA Loan Program. VA's Home Loan Guarantee Program is for active duty military personnel, veterans, and select members of the reserves and National Guard. VA's Home Loan Guarantee Program supplies an outstanding benefit to those that are eligible.

There are several advantages to using VA's Home Loan Program. As long as the sale price does not exceed the appraised value, an eligible member can borrow 100% of the homes value. Loans are generally limited to $417,000 with no money down and the loan has to be for the veterans primary residence. Unless negotiated in the purchase agreement, the member has to pay for closing costs and any deposits required by the seller at the time the purchase agreement is signed.

Benefits of the VA Home Loan Program
Loans are assumable., provided the assume is qualified.
Closing costs are limited by VA.
The VA offers assistance during financial hardships.
Veterans can pay off the loan early without penalty.
There is no PMI (private mortgage insurance) needed. PMI is normally required for loans over 80% of the appraised value.

Veterans that wish to utilize the benefit must apply for a Certificate of Eligibility. You do not need the Certificate to Get Approved, in fact the lender will help you complete and submit the request for the Certificate of Eligibility. To start the process use the form below.

See Also
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Home Buying Vocabulary
  Commitment
An agreement between a lender and a borrower to loan money at a future date subject to compliance with stated conditions.
Frequently Asked Question
What sort of down payment might I need to buy a home?
Answer:
Every lender offers different loan programs, but you are likely to find numerous down payment options regardless of which lender you choose. It is relatively easy to find loan programs which offer little or no money down, depending on the type of loan and your financial profile.
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