Have you thought about a V A loan for purchasing a home, or even load refinancing but need more information about qualifying? The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses.
VA loans allow veterans to qualify for loans amounts larger than traditional Fannie Mae / conforming loans. VA will insure a mortgage where the monthly payment of the loan is up to 41% of the gross monthly income vs. 28% for a conforming loan assuming the veteran has no monthly bills.VA also allows the seller to pay all of the veteran’s closing costs as long as the costs do not exceed 6% of the sales price of the home.
RSD Real Estate can explain various loan options to you including mortgage brokers, interest only loans, and investment property financing. Contact us for more information.
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