VA Mortgage Loans

VA mortgages provide easier access to home ownership for veterans, active duty members and their spouses. They are provided by private lenders like Cardinal Financial and partially guaranteed by the Veteran's Administration. Because of this VA guaranty, lenders can offer these loans with no down payment and no monthly mortgage insurance - two huge benefits.

Here are some of the highlights of VA loan program:

• 0% minimum down payment! (100% loan-to-value)
• Loan amounts up to $453,100 or higher without a down payment
• No first time homebuyer restrictions
• Up to 4% seller concessions allowed
• No monthly mortgage insurance, even without a down payment
• Bankruptcy, foreclosure and short sale allowed after only 2 years

If you are looking for VA mortgage financing, please don't hesitate to call or email me. I'd be happy to discuss your unique scenario and help you find the best solution.