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VA Home Loan Benefits in North Carolina
One of the best benefits available to Veterans is the ability to purchase a home with no monthly PMI and no down payment.  You can use your VA Home Loan benefits more than once!  If you used your VA Home Loan Benefits 20 years ago to buy your first home, and then you sold the house, you VA Home Loan Benefits were immediately reinstated.
The VA Loan came about as part of the 1944 original Servicemen’s Readjustment Act most people refer to as the GI Bill of Rights. President Franklin D. Roosevelt provided veterans with a federally guaranteed home with no down payment.
This feature was designed to promote housing and assistance for veterans and their families, at a time when we needed more veterans to realize the dream of home ownership. The GI Bill contributed more than any other program in history to the welfare of veterans and their families, and to the growth of the nation’s economy.
Although it might seem like a complicated formula, the VA will guarantee a maximum of 25 percent of a home loan amount up to $104,250, which limits the maximum loan amount to $417,000 (except in some very high cost areas where they ... more

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