Veterans Administration
guaranteed home loans are made by private lenders, such as banks,
savings & loans, or mortgage companies to eligible veterans
for the purchase of a home which must be for their own personal
occupancy. The guaranty means the lender is protected against
loss if you or a later owner fail to repay the loan. The guaranty
replaces the protection the lender normally receives by requiring
a down payment allowing you to obtain favorable financing terms.
There is no
maximum to a Veterans Administration guaranteed home loan but
lenders will generally limit VA loans to $240,000. This is because
lenders sell VA loans in the secondary market, which currently
places a $240,000 limit on the loans. For loans up to $240,000,
it is usually possible for qualified veterans to obtain no down
payment financing.
If a Arizona
VA Home Loan is right for you, please contact us! Or if you have
any questions about a Arizona VA Home Loan Program or any other
loan, please feel free to contact us at
support@arizonahomeandloan.com today to get in touch with
an Arizona loan consultant. We have cut the middle man and large
corporate overhead to bring you the best possible Arizona home
loan rates and lowest fee.
Thank
you, for your interest in Arizona VA Home Loans.