If you’re active duty military, a veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan, and one of Movement’s biggest perks – waived lender’s fees*.
The VA Mortgage is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs.
VA Loan Specifications
(1-4 unit, primary residence only)
30-year Minimum FICO
- 580 minimum FICO and maximum loan amount of $453,100; or
- 620 minimum FICO and maximum loan amount of $1,500,000
15-year Minimum FICO
- 640 minimum FICO and maximum loan amount of $1,500,000
- Note: For loan amounts greater than > $453,100 the maximum loan amount must include the funding fee when financed (applies to both 15 and 30 year fixed)
Houseing Grants for Service-Related Disabilities
Those eligible for an adapted housing grant through Veterans Affairs can get help with a service-connected disability purchase, build an adapted home or adapt an existing home to support their disability.
If you’re a military veteran looking to buy, refinance a VA loan or want to learn more about VA homeownership benefits, let us know today.
Disclaimers:
*excludes other VA-permissible itemized charges
*VA loans require a VA Funding Fee that may be financed into the loan or paid out of pocket at closing
*VA loans require a VA Funding Fee that may be financed into the loan or paid out of pocket at closing.
