VA Home Loan Limits Reduced Effective 1 JAN 2015
As of 1 JAN 2015, Veterans Affairs (VA) Home Loans for the Northern Virginia area were reduced to $625,500.
Are you a Veteran thinking of purchasing your first home? The VA Home Loan Guarantee program is the best financing option since it allows you to purchase a home without a down payment requirement.
Does VA actually finance my home? No -- the VA guarantees a portion of the loan. Banks and mortgage lenders actually fund the purchase. Your payments are made to the lender.
Can I have more than one VA home loan at a time? It is possible to have more than one VA home loan at the same time.
If you have elgibility available which could cover the cost of your future home purchase, you could use the VA home loan program again if it will be used to purchase a home which will be your primary residence.
Do you have questions regarding VA Home Loans? Give me a call, I would be happy to assist you in purchasing a home using VA financing.
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