Advantages to VA Loans - VA loans 101
If you are looking for a home Jake Lee 843-240-0431 can help you find that perfect home at no cost to you!!! Call and visit www.SCRealEstatePartners.com to start looking for your new home today!! You can also submit offers online through a new section of our website www.SubmitOnlineOffer.com
ADVANTAGES OF VA THAT COULD HELP YOU
•Can finance up to 100% of the purchase price of the home for Qualified Veterans
•NO monthly mortgage insurance
•Funding fee can be waived for qualified Disabled Veterans
•Very competitive interest rates
•No reserves required
•Maximum loan limit of $417,000
•Seller paid closing costs up to 4% of the purchase price
•More flexible qualifying ratios than other loan programs
•Utilizes residual income in conjunction with total debt ratio calculations for a more flexible debt capacity computation
•Less stringent foundation requirements for manufactured/mobile homes than FHA