Texas VA Lender

Veterans Affairs (VA) Loans – Frequently Asked Questions

The Best Loan Program for Men & Women Who Serve

VA Loans offer 100% Financing up to $417,000 for military personnel & veterans. Every day, military personnel and veterans enter the real estate market, unaware there is a financing option exclusively for them. 600 is the credit score minimum for a VA loan with Max Leaman, PrimeLending.

Call Max Leaman today: (512) 293-1239 (Mobile) and (512) 617-5636 (Office).

Max’s consultation is always free and there is no cost to apply for a VA loan with Max Leaman. Great rates, low fees, close on time.
 

Who qualifies for a VA loan?

• Veterans

 

• Active-duty service members

 

• Reservists & National Guard who have served or currently serve on active duty.

 

What benefits are there to VA loans?

• 100% Financing for purchase or refinance

 

• 30-year fixed rate or adjustable-rate loans

 

• Credit score requirements start below 680

 

• Available to veterans & their spouses

 

Other Benefits Include:

• No monthly mortgage premiums

 

• Appraisal for the property’s value

 

What’s the difference between a VA loan and an FHA loan?

• FHA loans are guaranteed by the Federal Housing Administration & require a minimum 3.5% down payment.

 

• VA loans are guaranteed by the Veterans Administration & offer 100% financing. Borrowers must have served in the armed forces for a specific time period.

 

What property types qualify for VA loans?

• 1-4 Family residential properties

 

• VA or FHA-approved condos

 

• Townhomes

 

 
Farm residences are ineligible for VA loans; however, there is no maximum acreage for a property & funds can be applied to home construction, repair, alteration & improvement.

 

What’s the minimum and maximum amount a person can borrow?

The maximum VA loan amount with no down payment is $417,000. In specified “high-cost” areas, that loan limit can peak at $1,000,000.

 

Do VA loans take longer to close than other loan programs?

Max Leaman with PrimeLending can close your VA loans in 30 days or less.

 

Max Leaman’s consultation is always free. There is no cost to apply for a Texas VA loan. If you or someone you know has questions, please contact Max Leaman: (512) 293-1239 (Mobile) and (512) 617-5636 (Office).