Loan officers who don’t do a lot of VA loans may not have a great grasp on the program’s requirements and restrictions, along with its exceptions and exemptions. Lenders that know VA loans inside and out can help make sure you get the most from your home loan benefits.
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When searching for a mortgage, veterans should consider the major benefits and perks of using a VA home loan. Complete List of VA Loan Benefits Eligible homebuyers are not required to have a down payment in most cases – typically cited as the greatest VA loan benefit.
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Ohio: $2,000. Virginia: $2,600. Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi:.
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