VA Loan Updates

Q: I’m a veteran and am eligible for a VA Certificate of Eligibility, which guarantees the lender a percentage of the loan. Can I use this as a portion, if not for all, of the down payment? — J.V.

A: No, but you won’t need to. The certificate isn’t exactly cash money.

But with the government guaranteeing part of your loan, the lender can lend you the entire purchase price, with no down payment.

Talk with a mortgage broker, or directly to local lenders, and they’ll explain.

Found here.

Bookmark to:

Hide Sites