VA FAQ #5 - What is a VA Jumbo Loan?A VA Jumbo Loan is any VA Loan that exceeds $726,200 for the Loan Amount. Many counties have a VA Loan Limit of $726K, which is the base VA Loan Limit Nationwide. VA Jumbo Loans come into play in a couple of different instances. VA Jumbo scenario 1. Excee
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06/09/2013
VA FAQ #4 - What is the VA Loan Limit?The Veterans Administration does not actually have a Loan Limit or maximum loan amount for VA Loans. However there are VA County Loan Limits which used to be the maximum Loan Amounts available for 100% VA financing in that respective county. As of Jan 1, 20
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06/09/2013
VA FAQ #3 - Who can qualify for a VA Loan?Qualified Veterans, Reservists, Guard, and Active Duty Military Personnel may qualify. There are minimum service time requirements for each group, that will be address in a subsequent FAQ. Certain surviving spouses of deceased Veterans may qualify
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06/09/2013
VA FAQ #2 - Does the VA make VA Loans?Does the VA make or underwrite my VA loan? No, The VA does not make or underwrite VA Loans, private Lenders make VA Loans. The Veterans Administration guarantees VA Loans. VA Loans and VA Jumbo Loans are made by private Lenders such as VanDyk Mortgage p
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06/09/2013
VA FAQ #1 - What is a VA Loan? A VA Loan is a home loan program that was created by Congress back in 1944 to help our returning Veterans from World War ll be able to purchase a home after serving our country in the Militay with no downpayment required. USA Military Veterans and Active Duty Mili
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06/09/2013