No Down Payment Loan Program for Veterans Available
VA Loans
This loan is insured by the US Department of Veteran Affairs (“VA”). A VA loan allows Veterans to secure financing with no down payment and flexible underwriting guidelines. Veterans and their spouses may be eligible for this attractive financing option.
Loan Highlights
- No down payment required
- A minimum FICO® Score of 620
- Fixed rate and adjustable rate loans available
- Loans available for single-family homes, 1-4 unit properties and condos
- Home sellers may pay all reasonable and customary closing costs
- Home sellers may also contribute up to 4% of the sales price in seller concessions, which you can use to cover the cost of property taxes, home insurance, discount points over 2%, or to pay off borrower judgments or collections
- A surviving spouse of a veteran who lost his/her life during service may also be eligible for the no down payment VA loan
- Disabled Veterans may not have to pay the VA funding fee
Have Questions? Let’s Chat.
Call us today at (888) 379-0303 for a Free Consultation and to learn if a USDA loan may be right for your situation.
Loan Requirements
- You must have a valid Certificate of Eligibility with enough entitlement to cover the loan
- The home must be your primary residence, this means you live in the property full-time, year-round
- You or your spouse must occupy the property within 60 days of closing or have the VA approval to move in later
- You must prove you can afford the loan payment by proving you have stable income and employment and don’t have excessive debts
Other terms and conditions will apply. Contact a Mortgage Loan Originator for more information.
We’re dedicated to helping borrowers find the right home loan program for their situation. Contact us today for a free quote and consultation.
Call us today: (888) 379-0303
