Use your VA loan to buy a home with no down payment. The Department of VA recently increased the Maximum Guaranty Amount for veteran home loans to as much as $729,750. That's great news for VA Jumbo Loan borrowers!
See how little red tape there really is in getting a
VA loan through the VA Home Loan Program. A veteran mortgage often requires no downpayment and frequently offers
lower interest rates than ordinarily
available.
FREQUENTLY ASKED QUESTION # 2 [ -more VA Loan questions- ] - - - - - - Q: Using the VA Loan is a Good Idea
A: The more you know about our home loan program, the more you will realize how little "red tape" there really is in getting a VA loan. These loans are often made without any downpayment at all, and frequently offer lower interest rates than ordinarily available with other kinds of loans. Aside from the veteran's certificate of eligibility and the VA-assigned appraisal, the application process is not much different than any other type of mortgage loan. And if the lender is approved for automatic processing, as more and more lenders are now, a buyer's loan can be processed and closed by the lender without waiting for VA's approval of the credit application.
VA Loan Rates
for 7/04/2009
30 year fixed
-----------------
0.000 points
5.500%
5.610% APR
15 year fixed
-----------------
0.000 points
5.500%
5.686% APR
Serving the military community with personal loans from $500 to $10k.