McDowell Mountain Ranch Arizona Real Estate - Helene Cass, Realtor

Financing Your Purchase > Types of Mortgages > Veteran's Administration (VA) Loan

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"The best investment on Earth is earth."

- Louis Glickman

Veteran's Administration (VA) Loan:

Loans for qualified veterans are backed by the Department of Veterans Affairs and permit the veteran to make a purchase with either a low down payment or none at all. These mortgages are subject to the VA mortgage funding fee, a premium of up to 2.15% of the loan amount, depending on the size of the down payment. VA loans can be assumable to qualified buyers.

Hypothetical Home Cost: $400,000
Down payment: None
Mortgage Amount: $417,000 (Maximum Available)
Term of Loan: 30 years
Interest Rate: 5.25%
Monthly Payment: $2,302.70

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