Veterans or surviving spouses of veterans as well as active duty and reservists are eligible for VA loans.
- No down payment is required on these loans. You can go up to 100% financing.
- You must meet VA eligibility.
- There is no Private Mortgage Insurance on these loans.
- The seller concession is limited to 4% of the sales price.
- The maximum loan limit is $548,250.
- Credit score requirement is 620.
- No co-signers are allowed.