VETERAN AFFAIRS LOAN
This is a long term program with low or no down payment guaranteed by the Department of Veterans Affairs. This program has a negotiable fixed interest rate that is competitive to conventional mortgage interest rates. VA loan is generally for members of the Selected Reserve, active duty service and to categories that pertain.
Requirements
- You must be an eligible veteran who has available home loan entitlement.
- Your home must be occupied or be occupied in your ownership within a reasonable period of time after closing the loan.
- You must have sufficient income to meet the new mortgage payments on the loan, this includes the costs of owning a home, taking care of other obligation and expenses, and income to support your family.