Are you sitting down?? The government has actually gotten something right for once!!

For any veteran that is in the market to purchase a home know this - A government backed VA loan is superior to any loan product available today.

VA loans are the absolute best way to go in today's mortgage environment.

Some benefits: 

• No down payment
• No monthly mortgage insurance
• The seller can usually pay all of your closing costs
• Loan amounts up to $417,000 (higher in some cases)
• No min/max income requirements to qualify
• Flexible debt-to-income ratios (Up to 60% w/ good credit)
• Credit scores as low as 580 allowed 

In the past VA loans were more difficult to originate than conventional loans: more paperwork, inspections, hoops to jump through, etc. Recently however, guidelines/requirements have been modified & the process is quite easy, especially if the mortgage broker is familiar with the process - Our VA loans go as smoothly & close as quickly as a conventional loan.

As a mortgage broker or realtor you should be asking all your buyers if they are VA eligible...you'd be surprised at how many veterans there are out there!