Thank You To Our Veterans
On Veterans Day we wanted to remind you about the great financial benefit of a VA Loan. A VA loan in the US is guaranteed by the United States Department of Veterans Affairs (VA). This program is for American Veterans and military members currently serving
in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction. .
A VA loan allow veterans 103.3 percent financing without (PMI). VA loans allow veterans to qualify for loan amounts larger than traditional Fannie Mae/ Freddie Mac Loans. The VA will also insure a mortgage where the monthly payment of the loan is up to 41% of the gross monthly income. The maximum VA loan guarantee varies by county. As of January 1, 2017 both Broward and Miami-Dade Counties current loan limit is $424,100.00.