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VA Loan- What percentage down?

I am are considering a VA loan. I am trying to calculate my payment with one of the online calculators, what is the min percentage I must put down for a VA loan? Thanks! Sarasota,FL | Apr 30th 2010
by jamieb331
Answer


by Atlanta...

Sir/Ma'am,VA loans are one of the last remaining products at 100% financing, with some restrictions.Also, since you are in the market to buy:"Hot sheets" list the best-priced homes in your desired location, immediately after they are listed for sale. The owners of these homes are motivated to sell and generally sell to investors and cash buyers, at significant discounts.In order to grant you access, or "first dibs"on viewing these newly-listed, under-priced homes, it is required that I first approve you for financing. Not "pre-approve" or "pre-qualify". You will have a commitment from us or one of our lenders to take to the seller when negotiating a purchase price.If you are interested in heavily-discounted real estate, while financing the purchase at competitive wholesale pricing, please call or email me directly to begin the approval process.Thank you for your consideration,Jonathan AhlersCapital Mortgage Services, IncT: 404-552-9289E: jah@approved.com

May 1st 2010
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by

Jamie:VA loans are 100%, meaning no down payment but this does not include closing costs.. If you are in the market of purchasing a home, be sure to ask your Real Estate agent for homes that offer buyer incentives such as seller contribution which may cover all of your closing costs.. If you are seeking a loan in the State of Tennessee we can assist you. Best of Luck, Christina Solorzano with First Financial Group TN LLP (www.123FFG.com) 888-546-7570 Extension 101...

May 2nd 2010
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by GVDenny

Rates have gone down since you first asked this question, if you have not locked a rate yet you may want to consider doing so.

Jun 13th 2010
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