VA Loans
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- Loans available up to $417,000
- No down payment required when buying a home. A VA mortgage loan is guaranteed with no money down for any loan up to $417,000.
- Lower rates for bad credit. If you have bad credit, you would likely get a much lower rate with a VA loan than a conventional loan, and if you have improved your credit history within the past year, you may qualify for the same low interest rates available to people with good credit.
- No monthly mortgage insurance. Even with a loan-to-value ratio of 100%, no monthly mortgage insurance is required for a VA home loan.
- VA mortgage loans are often assumable.
- Adjustable rate mortgages. The VA has released a hybrid ARM product. Veterans now have a choice of either a fixed rate or an adjustable rate VA mortgage.
- Limited closing costs. The government limits the amount of closing costs, appraisal fees and origination fees lenders can charge, saving you money.
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Take a second and tell me about your VA loan needs in Austin.
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