Yes…it’s true. Military veterans are eligible for the best 100% mortgage product remaining. This is a temporary increase over the standard limit, originally guaranteed by the Secretary of Veterans Affairs for loans originated from July 30, 2008 through December 31st, 2008. This has now been extended by the VA through December 31st, 2009.
For all locations in the United States other than Alaska and Hawaii, the maximum guaranty amount is 25% of the greater of: (a) $417,000 or (b) 125 percent of the area median price for a single-family residence, up to $729,750.
So how do you find out if you can get a $0 down loan for up to $729,750? Call or email the team at Anderson Lending Group today.
Scroll down to VA Loan Lending Limits. Click on the desired state and the information comes up for each county. The results for the single family home allows for an eligible Veteran to purchase a new VA home loan with $0 up to that amount.
This only applies to new houses and does not cover cash out refinances or streamline refinances.
If you are a veteran and in the market for a VA loan in Georgia or Florida , Anderson Lending Group can help you with phenomenal rates and service.
