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:
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. As of 1 January 2014, 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.
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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.
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.
KEYWORDS: VA home loans 2016 Florida, VA home loans 2016,
What's the minimum credit score needed to buy a house or refinance in Florida?
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FHA loans
FHA loans require a minimum 500 credit score to buy a house or refinance
VA loans
VA loans require a minimum 500 credit score to buy a house or refinance
Fannie Mae
Fannie Mae loans require a minimum 620 credit score to buy a house or refinance
USDA loans
USDA loans require a minimum 580 credit score to buy a houseor refinance
HOMEPATH
HomePath loans require a minimum 620 credit score to buy a house
HARP refinance
HARP loans require no minimum credit score torefinance
Freddie Mac
Freddie Mac loans require a minimum 620 credit score to buy a house or refinance
Want to know if you qualify for an FHA loan? Get pre-approved for an FHA loan online.
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