Use your VA loan to buy a home with no down payment. The Department of VA recently increased the Maximum Guaranty Amount for veteran home loans to as much as $729,750. That's great news for VA Jumbo Loan borrowers!
See how little red tape there really is in getting a
VA loan through the VA Home Loan Program. A veteran mortgage often requires no downpayment and frequently offers
lower interest rates than ordinarily
available.
FREQUENTLY ASKED QUESTION # 7 [ -more VA Loan questions- ] - - - - - - Q: I heard the VA has an inventory of foreclosed homes. How can I find out more about this?
A: The Department of Veterans Affairs (VA) acquires properties as a result of foreclosures on VA guaranteed loans. These acquired properties are marketed through a property management services contract with Ocwen Federal Bank FSB, West Palm Beach, Florida.
The properties are listed by local listing agents through local Multi Listing Systems (MLS). A list of properties for sale may also be obtained from Ocwen's website at http://www.ocwen.com/ . If you are interested in buying a VA-acquired property when it is listed for sale by Ocwen Federal Bank FSB, please contact a local real estate broker of your choice to see the property.
Interested Listing Brokers and subcontractors may also access Ocwen Federal Bank's website at http://www.ocwen.com/ for information on selling VA-acquired properties.
VA Loan Rates
for 7/02/2009
30 year fixed
-----------------
0.000 points
5.500%
5.610% APR
15 year fixed
-----------------
0.000 points
5.500%
5.686% APR
Serving the military community with personal loans from $500 to $10k.