VA Helps With Subprime Loans

By
Real Estate Agent with Whitworth Builders Realty, Inc.

GOOD NEWS VETERANS!

I ran across this information today.  In response to the U.S. financial crisis, the Department of Veterans Affairs (VA) has decided to guarantee subprime loans for Veterans.  For Veterans who wish to refinance they can now do so for up to 100 percent of the value of their property.  Also, this 100% refinance option also applies to standard loans - which had previously been capped at 90% of the property value.  They have also raised the maximum loan amount for this refinancing from $144,000 to $729,750, depending on where the property is located.  For more information, contact the VA at 1-877-827-3702 or visit VA's Loan Guaranty website. Go here to learn more about the VA mortage options.

Comments (2)

Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Bethany, I was wondering if VA was going to help out those who need it.  So many people are having trouble and this is indeed good news.

Nov 17, 2008 10:00 PM
Bethany Little
Whitworth Builders Realty, Inc. - Navarre, FL

I was glad to see it too.  I hope word gets around about the program.  thanks for your comment.

Nov 17, 2008 10:02 PM