What is the maximum I can borrow with my VA Eligibility

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What is the maximum I can borrow with my VA Eligibility

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The maximum guarantee authorized by the VA is 25 percent of the loan amount up to $113,275. The maximum VA home loan is $453,100. The maximum guarantee in the states of HI and AK is 25 percent of the loan amount up to $169,912 . The maximum VA home loan in these states is $679,650. In certain high cost counties the amount may be more.

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An FHA loan is popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. Borrowers credit score can be between 500 – 579 if a 10% down payment is made. Contact us today to get the process started!

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A USDA loan is special type of a zero down payment mortgage that eligible homebuyers in rural and suburban areas can get through the USDA Loan Program and they have great interest rates to go with the. Contact us today to get the process started!

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VA Loans

The VA loan allows veterans a great loan option by using their VA benefits and come with 0% down payment and no private mortgage insurance (PMI). Interest rates are typically lower than other mortgage programs and the VA will allow higher debt..

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