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VA Loan Basics
The Department of Veterans Affairs
guarantee's no down payment VA loans for mortgage lenders by using the VA
funding fee's of all VA home loans. This VA mortgage insurance allows for
veterans to buy a home with no down payment up to $417,000 in all area's
with some special high-cost areas having VA loan limits up to $729,750. VA
allows a home seller to pay all of the veterans closing cost associated with
a VA loan. This type of VA mortgage is called a VA No/No which stands for No
Down Payment and No Closing Costs. VA home loans are one of the only types
of mortgages where a buyer can purchase a home with 0% down payment and
receive up to 100% financing for a home purchase.
VA-Home-Loans.com is not part of
the Department of Veteran Affairs. The VA provides insurance for mortgages
provided by mortgage lenders that fulfill VA loan guarantee requirements set
by the Department of Veteran Affairs. If you have questions regarding VA,
please contact them directly at VA.gov
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