Understanding VA Mortgage Loan Eligibility

Transcript

“VA eligibility. It’s an important question and it’s an important thing that veterans need to know before they pursue a loan. Many people use this interchangeably. VA eligibility with what loan the VA will give them. Those are two different things. The VA eligibility is the entitlement given to you by the va.

We have a VA eligibility calculator. If you can call me, we can go over your eligibility. What goes into this is the type of service. How you went service, how you were discharged and current usage of your VA entitlement. Now, your VA eligibility as to which loan you can get. That’s gonna be based on regular factors, just like any other loan, which is your credit scores, your income, and your down payment.

Now with the va, they don’t require down payment up to 726,000. I also can do a no down payment, VA loan, up to 2 million. Kind of shocking, but it’s available if you have the entitlement. You used to have to pay a 20% premium above the conventional limit that no longer exists, so your eligibility is a complex situation.

But with a quick phone call, we can go over this. You can reach me at 8 3 0 9 2 9 7 1 0. We can address what you have, what you can get, and get you on the right track to get a good deal. Also, look at my other videos on why VA pricing is different with different lenders and the margins that are made on veterans.

It’s really important. You need to know this.”