You've got a lot on your plate!
We know military life has its challenges and many military families are over-stressed as it is. Getting financing for a home shouldn't have to be stressful. We are here to help, be a resource for you and guide you through the process as easily as possible.
Maximum VA no-money down limits per county are shown below
For more information, contact us below:
About the VA Home Loan Programs
Why get a VA loan over other types? There are many good reasons; no down payment, no monthly mortgage insurance, limitation on your closing costs, easier qualifying and having the VA there to back you up and interest rates below other comparable programs.
What if I've used a VA Home Loan Before? There are conditions where you can use your VA eligibility multiple times - where you have either paid off your previous VA loan or refinanced it with a non-VA program. Depending on the home prices in your area, you can even split your eligibility to multiple homes.
Do all local lenders offer VA Loans? Not necessarily. We are a VA-approved lending institution that can handle your home loan. We can help you review your credit history and determine how much of a loan you can qualify for. We will also help you with all your VA paperwork, such as your certificate of eligibility, etc.
What is the maximum VA loan? The maximum VA loan (with no money down) varies by county. You can go over these limits by coming in with a down payment. See the chart to the left for maximum loan limits in your county.
If I was discharged years ago and want to qualify for a VA loan, what forms or other documents will I need? If you don't have your Certificate of Eligibility, then we can use your DD-214 to help you retrieve it. If you are receiving any disability benefits, then a disability letter from VA may be required.
Does a veteran's home loan entitlement expire? No. Home loan entitlement is generally good until used if a person is on active duty. Once discharged or released from active duty before using an entitlement, a new determination of their eligibility must be made based on the length of service and the type of discharge received.
Reservists are eligible for VA Loans, too. Who qualifies? Eligibility extends to members who have completed a total of 6 years in the Selected Reserves or National Guard (member of an active unit, attended required weekend drills and 2-week active duty for training) and received an honorable discharge; continue to serve in the Selected Reserves. Individuals who completed less than 6 years may be eligible if discharged for a service-connected disability. In addition, reservists and National Guard members who were activated on or after August 2, 1990, served at least 90 days and were discharged honorably are eligible.
Any other questions?
Use the button to the left to ask us anything. At Eastlake Funding, we literally are veterans helping veterans. We are here for you.