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VA Loans
Members of the military, veterans, reserves and their families can
get loan guarantees on portions of their home loans, from the
Veterans Affairs department
VA LOANS
Features Requirements
Down payment Zero
Credit Score No minimum but 620 is typically used
Insurance No insurance. Funding fee of 1.25%-3.3%
Debt-to-income ratio Up to 50% or higher depending on profile
Income Residual income based on family size and region
Single-family homes
Planned Unit Developments (PUDs)
Eligible properties
Condominiums
2, 3, and 4-unit properties
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