VA Loan Low Credit Score ZERO DOWN LOAN 500 Minimum Credit

VA Loan:
Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.Here’s how it works:

  • 500 Minimum Credit Score
  • 100% financing without private mortgage insurance.
  • A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
  • When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
  • On a purchase the seller is allowed to pay all the Veterans closing costs.
  • When refinancing and cash out refinancing a home, veterans may borrow up to 100% of the appraised value.