VA First Time Home Buyer Florida
VA First Time Home Buyer Florida
VA requires a minimum credit score of 500. No money down 100% financing.Seller ac contribute up to 4% of purchase price for closing cost.
By law, VA may only guarantee a loan when it is possible
to determine that the veteran:
- is
a satisfactory credit risk
- has
present and anticipated income that bears a proper relation to the contemplated
terms of repayment
- verify a minimum of 2 years employment
-
Pay stubs covering at least the most recent 30-day period
- W-2 forms for the previous 2 years
- Telephone verification of the applicant’s current employment
What documentation will I need?
- Personal tax returns for the past 2 years
- Current pay stubs for the past month
- Bank statements for last 2 months (all pages)
- Latest retirement statement for each active account (all pages)
- Sales contract (purchase)
- Clear copy of Driver’s License (front and back)
- Clear copy of SS card (front and back)
- Addresses and loan information of other real estate owned (if any)