Use your VA loan to buy a home with no down payment. The Department of VA recently increased the Maximum Guaranty Amount for veteran home loans to as much as $729,750. That's great news for VA Jumbo Loan borrowers!
See how little red tape there really is in getting a
VA loan through the VA Home Loan Program. A veteran mortgage often requires no downpayment and frequently offers
lower interest rates than ordinarily
available.
FREQUENTLY ASKED QUESTION # 4 [ -more VA Loan questions- ] - - - - - - Q: The maximum amount of guarantee the VA will allow on a home loan and maximum loan amounts
A: The maximum guarantee authorized by the VA is 25 percent of the loan amount up to $104,250. The maximum VA home loan is $417,000. The maximum guarantee in the states of HI and AK is 25 percent of the loan amount up to $156,375. The maximum VA home loan in these states is $625,500.
VA Loan Rates
for 1/06/2009
30 year fixed
-----------------
0.000 points
5.000%
5.106% APR
15 year fixed
-----------------
0.000 points
6.500%
6.694% APR