The Department of Veterans Affairs has created mortgage programs designed specifically for military personnel, veterans, and surviving spouses of those who have so valiantly served our country. VA mortgage programs are among the most important benefits available to our military!
PROGRAM HIGHLIGHTS
■ 10-, 15-, 20-, 25-, and 30-year fixed rates available
■ Up to 100% LTV for purchase and refinance transactions
■ No LTV limits for VA Interest Rate Reduction Refinance
Loans (IRRRLs) for transaction with less than one
discount point
ELIGIBLE BORROWERS
■ Active duty
■ Veterans
■ Reservists
■ National Guard
■ Surviving spouses†
ELIGIBLE TRANSACTIONS
■ 1- to 2-unit primary residences
■ Non-owner occupied residences allowed for IRRRLs
■ VA approved condos and PUDs
■ Manufactured housing
■ Purchase transactions
■ Cash-out (Type I and Type II)
■ Jumbo VA program also available*
* Additional restrictions apply.
† See guidelines for specific details about surviving spouse eligibility.
