VA loans make a comeback in the Steamboat Springs real estate market
Thursday, October 20, 2011
Some [tag]mortgage[/tag] lenders and brokers in the [tag]Steamboat Springs real estate[/tag] market are seeing a resurgence of [tag]VA loans[/tag] Here are a few helpful tips: VA provides up to 100% financing on the purchase of a primary residence There is no monthly mortgage insurance! There is an upfront funding fee that varies from 1.25% to 3% depending on service, down payment and prior use of the VA product. This fee can be financed into the loan. A 41% debt ratio is required A certificate of eligibility or form DD214 is helpful for the borrower to bring in when they come in to get pre-qualified.
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