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VA loans are made by Fairway Independent Mortgage Corporation and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase or refinance of a home. The VA loan was designed to offer long-term financing to eligible american veterans or their surviving spouses.
Some VA loan applicants manage to keep student loans from being added to this debt picture–do you know about how a student loan deferment could help your chances at a VA home loan? According to information published by the VA official site at www.va.gov, "If student loan repayments are.
Conventional loan limits can be higher than the conforming loan limit in high cost Counties. High cost Counties get to enjoy all of the benefits of traditional conforming underwriting guidelines. conventional loans allow as little as a 3% to 5% down payment when buying your primary residence. You can find FHA and VA Loan limits here.
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If you are interested in purchasing a home using your veteran benefits, saving money through a VA interest rate reduction refinance loan or taking cashout of your property, let our team of experienced VA mortgage professionals show you how easily VA home loans can become a reality.
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