Veteran Home Loans







With the current maximum guaranty, a veteran who hasn't previously used the benefit may be able to obtain a VA loan up to $417,000. These loans are made by mortgage companies, not the VA.
 
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VA Loan Calculator

How much can I borrow?
How much can I afford?
How much are my payments?
Show me my amortization schedule.
Compare 3 different loans.
How much can I save by consolidating?


This loan calculator will allow you to compute up to three VA home loans and compare the results. Enter the first three items and the fourth is calculated for you. To move between the fields of the mortgage alculator table use the TAB key or click with the mouse on each field.

# of Payments
Interest Rate %
Principle
 
Monthly Payment
# of Payments
Interest Rate %
Principle
 
Monthly Payment
# of Payments
Interest Rate %
Principle
 
Monthly Payment

DISCLAIMER: The figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.



FREQUENTLY ASKED QUESTION # 2   [ -more VA Loan questions- ]
- - - - - -
Q: Using the VA Loan is a Good Idea

A: The more you know about our home loan program, the more you will realize how little "red tape" there really is in getting a VA loan. These loans are often made without any downpayment at all, and frequently offer lower interest rates than ordinarily available with other kinds of loans. Aside from the veteran's certificate of eligibility and the VA-assigned appraisal, the application process is not much different than any other type of mortgage loan. And if the lender is approved for automatic processing, as more and more lenders are now, a buyer's loan can be processed and closed by the lender without waiting for VA's approval of the credit application.


VA Loan Rates
for 8/20/2008


30 year fixed
-----------------
0.000 points
6.500%
6.618% APR

15 year fixed
-----------------
0.000 points
6.500%
6.500% APR



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Montgomery GI Bill benefits can get you started:
University of Phoenix
- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College



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VA Home Loans 101
An easy reference guide offering vital information for using your VA benefits to buy a home.




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Serving the military community with personal loans from $500 to $10k.

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