4 Facts About VA Loans
VA loans are available for men and women who have served in America’s armed forces. The VA estimates that more than 27 million veterans and service personnel are eligible for VA financing.*
The main difference between VA loans and other types of mortgage loans is that:
1. Up to 100% financing available on purchase loans**
2. Flexible guidelines help home financing for first-time homebuyers
3. You must apply for a Certificate of Eligibility from the VA. A Loan consultant can help guide you through the process.
4. Countrywide Home Loans, a division of Countrywide Bank, FSB, is an approved VA lender.
How Can VA Loans Be Used?
VA home loans can be used to:
• Buy a home, a condo unit in a VA-approved project
• Refinance a home loan
• Buy a manufactured home
Visit the Department of Veterans Affairs Web site, www.homeloans.va.gov, for more information.
Countrywide Offers VA Loans
Countrywide is one of the nation’s top lenders for government loans, including VA loans. If you are interested in finding out if a VA loan may be right for you, you can call the loan consultants at Countrywide today. Call 1-866-436-0620 for a free, no-obligation consultation.
*Must be active or former military personnel or their spouses. Ask for full eligibility details.
** 100% financing is available for loan amounts up to $417,000 with full VA entitlement. For loan amounts greater than $417,000, the borrower’s VA entitlement plus downpayment must be equal to at least 25% of the subject property value.
