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Looking for VA Loan?

A VA loan is a loan guaranteed by the United States Department of Veterans Affairs (VA). The program is for Veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction. 


The basic intention of the VA home loan program is to supply mortgage loans to eligible veterans and help them purchase properties with 100% financing (no money down).

Here we have a staff that will walk you through obtaining your VA Eligibility Certificate and explain your options. At Fast Money For Flips we offer VA Financing for qualified Veterans.

                                  Advantages of VA Loan

The guarantee VA provides to lenders allows them to provide you with more favorable terms, including:

  • No down payment as long as the sales price doesn’t exceed the appraised value.

  • No private mortgage insurance premium requirement.
    VA rules limit the amount you can be charged for closing costs.

  • Closing costs may be paid by the seller.

  • The lender can’t charge you a penalty fee if you pay the loan off early.

  • You don’t have to be a first-time homebuyer.

  • VA-backed loans are assumable, as long as the person assuming the loan qualifies.
    Example FHA is a purchase for $200,000 with 3.5% as a down payment or $7000, Interest rate is an example at 4% , 4.71% APR.

Loan Criteria



Credit Score Of Around 620 Or Higher To Qualify For A VA Loan.

Certificate of Eligibility (COE):

COE confirms the borrower's eligibility for the loan based on their military service record, duration, and other factors. It's essential to obtain the COE before applying for a VA loan to streamline the approval process.

Loan Amount:

VA Loan Limits follow the Fannie Mae/ Freddie Mac One-Unit Loan Limit Schedule.

Units    Alaska, Guam, Hawaii, and the U.S. Virgin Islands $726,525.00

Verifiable Income Requirements:

For a VA loan, borrowers need a stable income history spanning two years, verified through documentation. Consistency in income and job stability are key factors, while various income sources are considered.

Primary Residence Requirement:

For a VA loan, the property must serve as the borrower's primary residence, meaning it's where they live most of the year.


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