VA Loan

VA loan


VA requires a minimum credit score 500.

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.

VA requires a minimum credit score of 500 for all loans. Home buyers with a credit score below 580 are not required to make a down payment. VA allows you be buy a house with a credit score of 500.

The maximum VA guarantee varies by county. As of 1 January 2012, the maximum 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 also 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.

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

Apply Now!

Call us 888.958.5382


We recognize the importance to you of keeping your information secure and confidential. We will not sell or share your personal information.


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.

LOGO
Image 12


Apply Now!

Call 800.516.9166

Email Us!


Recent Articles

  1. NJ Mortgage, Mortgage Rates NJ, Mortgage Refinance NJ, NJ Home Buyer

    Feb 22, 24 06:39 PM

    Blog 1
    NJ Mortgage, Mortgage Rates NJ, Refinance Mortgage NJ, New Jersey Mortgage Rates, NJ First Time Home Buyer Mortgage, NJ Cash Out Refinance Mortgage.

    Read More

  2. NJ Refinance Closing Cost

    Feb 22, 24 06:37 PM

    Blog 1
    NJ Refinance Closing Cost, Lowest Refinance Closing Cost in New Jersey, Refinance Closing Cost in NJ, Mortgage Closing Cost, Refinance Closing Cost, NJ

    Read More

  3. NJ Refinance Investment Property

    Feb 22, 24 06:35 PM

    Blog 1
    NJ Refinance Investment Property, Lowest Refinance Investment Property Rates in New Jersey,

    Read More


LOGO

New Jersey Location

Call Now, Our Staff is Available!

800.516.9166

Z1.png

Apply Now!

Call 888-958-5382

E-mail Us!


Recent Articles

  1. NJ Mortgage, Mortgage Rates NJ, Mortgage Refinance NJ, NJ Home Buyer

    Feb 22, 24 06:39 PM

    Blog 1
    NJ Mortgage, Mortgage Rates NJ, Refinance Mortgage NJ, New Jersey Mortgage Rates, NJ First Time Home Buyer Mortgage, NJ Cash Out Refinance Mortgage.

    Read More

  2. NJ Refinance Closing Cost

    Feb 22, 24 06:37 PM

    Blog 1
    NJ Refinance Closing Cost, Lowest Refinance Closing Cost in New Jersey, Refinance Closing Cost in NJ, Mortgage Closing Cost, Refinance Closing Cost, NJ

    Read More

  3. NJ Refinance Investment Property

    Feb 22, 24 06:35 PM

    Blog 1
    NJ Refinance Investment Property, Lowest Refinance Investment Property Rates in New Jersey,

    Read More


New Jersey Location

Florida Location

Call Now, Our Staff is Available!

888-958-5382

Apply Now!