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A VA loan is a mortgage loan in the United States guaranteed by the Veterans Administration. The loan may be issued by qualified lenders.
The VA loan was designed to offer long-term financing to American veterans or their surviving spouses (provided they do not remarry).
The VA loan allows veterans 100% financing without private mortgage insurance or 20% second mortgage. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA and is allowed to be financed. In a purchase, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less. In a refinance, veterans may borrow up to 90% of reasonable value, where allowed by state laws.
External links
- Veterans Administration Home Loan Guaranty Services
Categories: Economics and finance stubs | United States Department of Veterans Affairs | Mortgage |
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Virginia Officer Wounded In Police Station Attack Dies
KSAT San Antonio - May 17 4:23 AM FAIRFAX, Va. -- A second officer critically wounded during a gunfight outside a northern Virginia police station last week has died. Michael Garbarino died in the hospital early Wednesday morning.
Fitch Downgrades 1 & Upgrades 7 Classes of COMM 2000-C1
[Press Release] Business Wire via Yahoo! Finance - May 17 11:05 AM NEW YORK----May 17, 2006--Fitch Ratings downgrades the long-term credit rating and distressed recovery rating of COMM's commercial mortgage pass-through certificates, series 2000-C1, as follows: $4.5 million class N to 'C/DR6' from 'CC/DR3'.
Drug Trial Delayed
WTOV 9 Steubenville - May 16 2:55 PM A judge delays a drug case one day before the trial begins.
Meridian Clinches
Multi-Housing News - May 15 2:05 PM Franklin and Waukesha, Wis.—Meridian Capital Group's New York office secured $16.6 million in 10-year financing for a package of two housing developments in Wisconsin. The deal benefited from a rate of 5.12 percent.
That's Magnatainment: Magna's shareholder unrest
Canadian Business - May 12 7:11 AM Annual general meeting season has arrived and — surprise, surprise — Frank Stronach (right) will be sent a stern message.
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