Michigan VA Home Loans
Michigan VA home loans allows Veterans that are first time home buyers and current home owners* to purchase their new home with only a $0 down payment and allows the seller to pay up to 6% of the sale price towards your closing costs keeping your out of pocket expenses low!
VA Home Loan Features
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No down payment.
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Seller can pay up to 6% of the sale price towards your closing costs.
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No monthly mortgage insurance (PMI).
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Only eligible Veterans qualify.
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No geographic restrictions.
General Requirements
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Credit score minimum of 620
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No previous mortgage loan late payment in the past 24 months.
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No foreclosure in the past 36 months. Must have rebuilt credit.
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No bankruptcies in the past 24 months. Must have rebuilt credit.
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All court ordered judgments MUST be satisfied or have a satisfactory payment history.
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Must meet VA rules of eligibility.
*To be eligible for a new VA loan, you MUST pay off your current VA home loan.
