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 # 11 [ -more VA Loan questions- ] - - - - - - Q: Get Pre-Approved / Should I get a pre-approved loan?
A: Obtaining pre-approval for your VA loan amount is an excellent time-saving step. Once you know the exact amount you're eligible for in your VA home loan, you can begin searching for a home as a 'serious buyer'. You'll know in advance exactly what you can afford and what is outside your price range. It's the kind of security you'll be grateful for as you search for the best value for your money. With pre-approval, you avoid wasting time with property that's out of your price range or sellers who are unsure whether you mean business.
VA Loan Rates
for 7/04/2009
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.