Veteran Affairs

If a VA loan is right for you, go directly to the source for accurate up to date information. Your lender is also normally very intuitive of the full rules and regulations associated with the U.S. Department of Veterans Affairs.

This link will redirect you to the VA's web site, hit sign into nwahouses4sale.com when you ready to return.


Purchase Loan/Native American Direct Loan/Interest Rate Reduction Refinance Loan

The seller must pay these closing costs (sometimes called seller’s concessions):

• Commission for real estate professionals
• Brokerage fee
• Buyer broker fee
• Termite report (unless you’re using a refinancing loan)

You (the buyer) or the seller can negotiate who will pay other closing costs such as these:

• VA funding fee (be sure to inquire of the VA web site listed above for this rate, since fee can run as high as 3.3% depending on status).
• Loan origination fee
• Loan discount points or funds for temporary “buydowns”
• Credit report and payment of any credit balances or judgments
• VA appraisal fee
• Hazard insurance and real estate taxes
• State and local taxes
• Title insurance
• Recording fee

If you have full entitlement, you don’t have a home loan limit

Eligible Veterans, service members, and survivors with full entitlement no longer have limits on loans over $144,000. This means you won’t have to pay a down payment, and the VA guarantee to your lender that if you default on a loan that’s over $144,000, they will pay them up to 25% of the loan amount.