Monday, December 17, 2012

2013 VA Loan Limits

Good News - The 2013 VA Loan Limit for 100% financing in the DC MSA will be $843,750. 

If you are an eligible Veteran - you could buy a home for $843,750 with ZERO out of pocket.

VA also does not have an actual loan limit.  If you want to buy a home that's $1M - you can still use your VA Loan.  You would have to put down 25% of the difference between $843,750 and $1M ($1,000,000 - $843,750 = $156,250 x 25% = $39,062.50).

If you have a disability for which you receive VA Disability Benefits, your VA Funding Fee may be waived.

Some features of the VA Loan include:
Lower interest rates than Conventional financing.
No monthly mortgage insurance.
Low or no down payment required.
Cash-out refinances up to 90% of the value of your home.

If you would like more information on VA Loans, please call or shoot us an email.


** This is not an offer of credit.  Not all applicants will qualify.  Rates are subject to change at any time.  Equal Housing Lender. **

Robert F. Rosenbaum, Jr. 
The Rosenbaum Lending Group
1st Portfolio Lending Corp.
8300 Boone Blvd., Ste 200
Vienna, VA 22182
(703) 879-5200  Office
(703) 608-1110  Cellular
(703) 891-9815  Direct Fax
NMLS License: 649782
Notary Public

Please click HERE for our secure online application. 

It’s a good life!

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