The VA (Veterans Administration Loans are a great option to pruchase a home if you are a a veteran or are on active duty. They don't require a down payment or monthly MI (mortgage insurance) payments. They do require a initital 2.15% MI payment for first time home buyers. For buyers who are purchasing a subsequent home they require a 3.3% MI initial payment.
The VA is currently only requiring a min. credit score of 620 and they allow all closing costs to be covered by the house seller. The home must be owner occupied-you can't just use the loan to buy investment properties.
There is more info on the VA's web site-http://www.va.gov/ so check out this wonderful loan then give me a call or email me to start house hunting.
Kim King Bair Highland Realty Group LLC 717-517-1028 email@example.com
Author:Kim King Bair Phone: 717-517-1028 Dated: September 30th 2014 Views: 161 About Kim: I am proud to say that I have lived in Pennsylvania for most of my life because even though I have t...
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