For service members and veterans looking to buy, refinance, or even make energy-efficient renovations to a home, Keystone Alliance Mortgage has the loan for you.
While the Federal Government guarantees these loans, this doesn’t necessarily mean the government is making direct loans itself. That’s why it’s important to find a VA-approved lending institution like Keystone Alliance Mortgage.
It should be stated too, that the VA Loan does have a limit. In most counties, $417,000 can be borrowed without a down payment.
You Should Know:
There is a VA funding fee. However, this should not deter you from using a VA Home Loan. This fee actually goes directly to the Department of Veterans Affairs to ensure future military homebuyers have the same opportunity to purchase a home as we have today. This fee, typically 2.15%, can be merged with the overall amount borrowed.
Did You Know?
VA loans aren’t just for purchasing a home. You can also renovate a new home or repair your existing home with a VA home renovation loan. You can purchase and renovate your home with one loan and get all the benefits offered with the traditional VA home mortgage.