VA Guidelines

VA Guidelines

The VA loan program is considered by many to be the best home loan available. For those that can qualify, VA loans are superior to conventional and other government backed loans.

The following guidelines apply to all VA loans:

· 100% Financing- no down payment required
· No monthly mortgage insurance
· Program designed for owner occupied property
· Single family residences, townhomes and condos are eligible
· Co-borrowers must be a spouse or another qualified veteran
· Amount financed is pre-determined based upon the property county limit
· VA cash-out refinance permits 90% loan to value

To learn more about the VA home loan, please contact one of community bankers today at (619) 623-0633