Veterans Affairs Loan

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A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default.


VA - US Department of Veteran's Affairs Program Description

Below is a  brief  description of this USDA program. For more information contact me at 586-612-5001 or submit your question by email.

To see if who is eligible for  a VA Loan, you can all also visit the U.S. Department of Veterans Affairs (Veteran's Affairs) website to check eligiblity. Register at the site   , select "User Registration in the left hand menu and follow the instructions.

  • One of the only 100% LTV programs around. No down payment required
  • Loan amounts up to $650,000
  • Must have DD214 with honorable discharge
  • Fairly reasonable underwriting guidelines
  • Must be owner occupied
  • Multi-Unit by two or more eligible veterans may consist of up to 6 family units
  • Bankruptcy and foreclosures do not necessarily eliminate veteran from qualifying– looking for 2 years in most cases
  • No cash reserves required

Interesting Links

School District Rating Site

Michigan Real Property Tax Site

First Time Home Buyer Tax Credit

Michigan Association of Realtors (MAR)

100 Questions and Answers from HUD

Michigan Mortgage Lenders Association

Home Tips


Confidence!

Whether you are looking to buy, refinance or receive equity from you home, my team has the perfect mortgage loan for any stage of your life. We are mortgage experts and work to understand your unique financial goals and help you make an informed decision about choosing a mortgage that fits your lifestyle. My mission is to carefully guide you through the entire mortgage loan process,  so that you feel confident as you make choices about the many options available for your financing strategy.

Ask Rocky for a Free Quote...

Raquel “Rocky” Moore
NMLS Mortgage License #138789
email: Raquel

Mortgage 1 Inc.
45816 Schoenherr Road
Shelby Township, MI 48315
Phone 586.612.5001
Fax 586.677.3898

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At Mortgage 1 Inc., my focus is on getting you the right loan and the right terms to fit your situation. A mortgage is a big commitment and you need an experienced professional guiding you through the process, answering your questions so that you’ll know with confidence that you made the right choice. Call Me, I will Listen...586-612-5001.