With all the changes and cut back to mortgage programs over the past 2-3 years the options for 100% Financing is limited to a slim few programs. One program that is still alive and well is the VA Mortgage Loan which will allow up to 100% Financing for qualified Military Persons Active or Not, NO Monthly Mortgage Insurance and allow up to 6% from the sellers towards closing costs.
Qualified veterans and active duty military can obtain a loan of up to $417,000, or $625,500 in high-cost areas, with no money down.
Here are a few of your benefits when you choose a VA Home Loan:
- No down payment required
- No monthly mortgage insurance
- Easier qualification standards
- Credit and income standards are not as strict
- No prepayment penalties
Get a Free Rate Quote Today http://www.RatesNow.NET
See if you qualify for a VA Mortgage Loan
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