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Michigan VA Loan...

VA home loans allow 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!

Compare this loan to other loan options.

 

Features

  • No down payment.

  • Seller can pay up to 6% of the sale price towards your closing costs.

  • No monthly mortgage insurance (PMI).

  • Only eligible Veterans qualify.

  • No geographic restrictions.

 

General Requirements

  • Credit score minimum of 620

  • No previous mortgage loan late payment in the past 24 months.

  • No foreclosure in the past 36 months.  Must have rebuilt credit.

  • No bankruptcies in the past 24 months.  Must have rebuilt credit.

  • All court ordered judgments MUST be satisfied or have a satisfactory payment history.

  • Must meet VA rules of eligibility.

 

APPLY ONLINE!

*To be eligible for a new VA loan, you MUST pay off your current VA home loan.

 

 

 

 

 

 

Michigan Mortgage Rates

VA Rules of Eligibility


 

Click here to learn more about Michigan VA loans....

 

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