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.
- 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.