Veterans Administration guaranteed home loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fail to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.

There is no maximum to a Veterans Administration guaranteed home loan but lenders will generally limit VA loans to $240,000. This is because lenders sell VA loans in the secondary market, which currently places a $240,000 limit on the loans. For loans up to $240,000, it is usually possible for qualified veterans to obtain no down payment financing.

If a Arizona VA Home Loan is right for you, please contact us! Or if you have any questions about a Arizona VA Home Loan Program or any other loan, please feel free to contact us at support@arizonahomeandloan.com today to get in touch with an Arizona loan consultant. We have cut the middle man and large corporate overhead to bring you the best possible Arizona home loan rates and lowest fee.