VA Home Loan
The VA loan program is a loan designed to make homeownership more affordable for qualified US veterans. The VA loan has flexible lending solutions, favorable terms, interest rates are competitive and there is no mortgage insurance! The VA loan can also loan up to 100% of the purchase price or value!
- Standard loan amount (ie, in Maricopa County, currently $424,100. Jumbo VA loan amounts also available.
- There is a Funding Fee added to loan amount, but never any Mortgage Insurance
- 1-4 unit primary residence is allowed
- Fixed rate and ARMs available
- Loan to value up to 100% of the purchase price or value
- Available for purchase, regular refinance, cash-out refinance and streamline refi (IRRRL)
- Minimum 600 credit score for purchase and R/T refi, and 640 credit score for Cash-out refi
- Streamline IRRRL offer no income or asset documentation verification, and no appraisal required (no cash-out)
- JUMBO loans up to $1,500,000