What Is Involved In A VA Loan?

 

 

 

 

 

 

 

 

 

 

This is a great mortgage to use to purchase your Fort Lauderdale or South Florida home.  A VA mortgage is for veterans, reserves,  and national guard.  In order to get a VA loan you have to get your Certificate of Eligibility.  That can be done by you or your lender which hopefully is me.  Here is a list of FAQs on VA Mortgages.

It requires no money down and up to 4% in seller contributions towards your closing costs and prepaid items.  The VA does NOT have any mortgage insurance but it does have a one time Upfront Mortgage Insurance Premium depending on how much you are putting down and if you are a veteran, reserve, or national guard.