Benefits to VA Financing

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Benefits of VA Financing

•·        All funds to close may be a gift

•·        Zero down payment for 100% financing

•·        No monthly PMI.

•·        No cash reserves required

•·        No income limits

•·        Maximum mortgage is $417,000.

•·        Seller can pay up to 6% for points, closing costs and prepays

•·        Not contingent upon credit scores

•·        Note: The seller is responsible for lender doc prep & underwriting fees

•·        Required inspections include, but are not limited to:  Pest, Well Water­* and Septic Inspections.  (*Well  water must be tested for: Lead, Coliform, Fecal Coliform, Nitrates & Nitrites)

Compliments of...

Patti Wilson

Wachovia Mortgage

239.435.4385 Office

239.357.0739 Cell

888/681-8600 Toll Free

patricia.a.wilson@wachovia.com

www.activerain.com/pwilson

THIS INFORMATION IS DESIGNED TO ASSIST REAL ESTATE PROFESSIONAL AND IS NOT AN ADVERTISEMENT FOR CONSUMER CREDIT.

Loans originated by Wachovia Mortgage Corporation and are subject to credit approval, verification, and collateral evaluation. Initial decision is subject to your client meeting specific underwriting requirements and final approval will be based upon your client satisfying those requirements.. Products not available in all states and are subject to change without notice. Certain restrictions apply.

© 2006 Wachovia Mortgage Corporation