San Diego real estate blog - Peter Toner

With all the stipulations to Fannie Mae and Freddie Mac loans, many are now feeling frustrated with the loan approval process. There is one type of loan that often gets underestimated and it’s the good ol’ VA loan.

If you are active or retired military, or have served with the National Guard or Reserves don’t overlook your VA loan options! The VA loan is one of the few loans around right now that still are allowing 100% financing as an option! There are just a few requirements needed for VA loans: a Certificate of Eligibility, a VA assigned appraisal and proof of assets.

The benefits of using your VA loan are that you can purchase a home with no money down, no mortgage insurance will be levied and you are allowed to prepay without penalties. Although the VA doesn’t specifically look at your credit score they will review in detail your last two years payment history. If you’d like to learn more about VA loan programs let us know and we can get you in touch with our affiliated lender for further details!