VA Home Loans 2016


VA Home Loans 2016 - 100% financing available for Veterans!

The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment.

VA allows a borrower with a minimum credit score of 500 to buy a home with no money down. VA guidelines allows a borrower with a minimum credit score of 500 to buy a home using their own funds for closing cost or the closing costs funds can be a gift from a family member.

VA loan guidelines allows a home buyer with a minimum credit score of 500 up to a 4% seller's concession. The seller's concession must be written into the sales contract.

2016 VA home loan requirements

To obtain a Certificate of Eligibility, you must have been discharged under conditions other than dishonorable and meet the service requirements below:

  • WWII 9/16/1940 - 7/25/1947 90 total days
  • Post-WWII 7/26/1947 - 6/26/1950 181 continuous days
  • Korean War 6/27/1950 - 1/31/1955 90 total days
  • Post-Korean War 2/1/1955 - 8/4/1964 181 continuous days
  • Vietnam War 8/5/1964 - 5/7/1975 *For Veterans who served in the Republic of Vietnam, the beginning date is 2/28/1961 90 total days
  • Post-Vietnam War 5/8/1975 - 9/7/1980 *The ending date for officers is 10/16/1981 181 continuous days
  • 24-month rule 9/8/1980 - 8/1/1990 *The beginning date for officers is 10/17/1981 24 continuous months, OR The full period (at least 181 days) for which you were called or ordered to active duty
  • Gulf War 8/2/1990 - Present 24 continuous months, OR The full period (at least 90 days) for which you were called or ordered to active duty
  • Currently On Active Duty Any Any 90 continuous days
  • National Guard & Reserve Member Gulf War 8/2/1990 - Present 90 days of active service

For Veterans who do not have their Certificate of Eligibility apply online.

2016 VA home loan requirements

The maximum VA guarantee varies by county. The maximum conforming loan limit is $417,000. The maximum high-cost loan amount with no down payment is $625,500, although this amount may rise to as much as $1,094,625 in certain specified high-cost counties.

VA purchase allows the seller to pay all of the veteran's closing costs as long as the costs do not exceed 4% of the sales price of the home.

Apply Now!

Call us 888.958.5382

FHA purchase FHA refinance FHA 203k loan FHA cash out $100 down loan

FHA loan requirements - ‎FHA loan limits - ‎FHA loans - ‎FHA Streamline


Mortgage World Home Loans is an online mortgage company specializing in VA loans for first time home buyers. To buy a house with ZERO down payment and a minimum credit score of 500 using an VA loan apply now.


We look forward to working with you.

Apply Now

Call us 888-958-5382


www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.


We look forward to working with you.

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100% Financing Available For Veterans!


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VA Mortgage

  • No money down 100% financing
  • 500 minimum qualifying credit score
  • No credit scores are allowed
  • Owner Occupied Properties only
  • Lowest representative score from all borrowers will be used for qualification purposes

VA Home Loan

The VA requires a minimum credit score of 500

  • Purchase
  • Refinance
  • IRRRL Streamline

VA minimum

credit score 500


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888-958-5382

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