A US Department of Veteran’s Affairs (VA) Loan allows qualified veterans to buy a house costing up to $417,000 without a down payment. Additionally, the qualification guidelines for VA Loans are more flexible than for either FHA or Conventional Loans. For qualified veterans, this can be a very attractive option.
To determine your eligibility, contact your nearest VA regional office. The Smart Team at NOVA will be able to answer your questions and determine which options will be the most advantageous for you.