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VA Loans

 

As a Veteran,

The Mortgage Slayer 

Supports Our Troops!

 

VA loan eligibility is more involved than, “You’ve been in the service, you’re all set.” Getting a VA home loan is a big deal — hey, buying a home always is — so you'll have to clear some hurdles.

 

The Department of Veterans Affairs doesn’t issue the loans; banks, mortgage loan companies and brokers do. The VA insures a portion of the loan in case of default. Lenders like that, so they follow the requirements issued by the VA to grant the loans.

 

 

 

Before you buy a home or condo, build a new house, or refinance or make improvements to an existing one, you'll need to know about these VA loan eligibility and requirements.



VA Loan General Requirements

While a VA mortgage's qualifying requirements are more relaxed than those for a conventional loan, an applicant still needs to have decent credit and sufficient income to buy a home. And the home being financed must serve as the primary residence.

Credit Score Requirements
VA Loan Debt-to-Income Ratio
Down Payment Requirements
Required Fees
VA Loan Limits
Property Requirements