VA Home Loans allow qualified buyers the opportunity to purchase a home with no down payment. There are also no monthly mortgage insurance premiums to pay, limitations on buyer's closing costs, and an appraisal that informs the buyer of the property value. For most loans on new houses, construction is inspected at appropriate stages and a 1-year warranty is required from the builder. VA also performs personal loan servicing and offers financial counseling to help veterans having temporary financial difficulties. Although there is no maximum VA loan, lenders generally limit the maximum VA loan to $417,000. See a list of VA Loan FAQ on Military.com.
Use your VA Loan in 2012 to buy or refinance with no down payment. Find lenders today.