Need to know information about VA loans (Loans for Veterans of the Armed Forces).
1. Financing up to 100%
2. Minimum FICO 620
3. Ratios up to 50%
4. Up to 4% from Seller for closing costs
5. No Monthly Mortgage Insurance (there is a VA Funding Fee similar to MIP for FHA Loans)
6. No reserves up to $417,000 (2 month reserves above $417,000)
7. Gift Funds Ok up to $417,000 (no gift funds above $417,000)
8. Appraisal ordered though VA
9. Maximum Loan Amounts: LA & OC $737,500, Ventura $650,000, RI & SB $417,000
10. Cash-Out Refi ok up to 100% of value!
IET Capital will get the Certificate of Eligibility and other VA verifications if you do not already have them.
Other Popular Loan Programs:
- NO FICO FHA
- FHA DOWN TO 550 FICO
- FHA UP TO 99.5%
- INVESTOR FINANCING
14408 Whittier Blvd
Whittier, CA 90605
562 360-1027 Tel
562 361-5988 Fax