A description of VA loans, what they are, how to qualify and who to speak to.

1. VA Loans

2. • To be eligible for a VA Loan, you must
have served for at least 90 consecutive
days of wartime service; 181 days of
peacetime service or at least 6 years of
service with the National Guard or
Reserves.
• A veteran who has been dishonorably
discharged cannot apply for a VA Loan.
• A veteran who has been dishonorably
discharged cannot apply for a VA Loan.
• A veteran who has been dishonorably

3. • VA Loans include $0 money down.
• The Department of Veterans Affairs
guarantees the loan, protecting the lender
from loss if the buyer defaults, allowing
lenders to provide loans with favorable
terms.
• The Department of Veterans Affairs
guarantees the loan, protecting the lender
from loss if the buyer defaults, allowing
lenders to provide loans with favorable
terms.
• The Department of Veterans Affairs

4. • VA Loans have a Funding Fee paid to
the VA to allow future returning service
members to buy a home with the
services of the program.
• Funding Fees vary and do not exist for
veterans with service-related injuries or
disabilities.
• Funding Fees vary and do not exist for
veterans with service-related injuries or
disabilities.
• Funding Fees vary and do not exist for

5. • While waiting to be approved for a VA
Loan, avoid taking on new debt.
• The VA places limits on closing costs and
usually allows sellers to cover many or all
of these costs.
• The VA places limits on closing costs
and usually allows sellers to cover many
or all of these costs.
• The VA places limits on closing costs
and usually allows sellers to cover many
or all of these costs.

6. • VA Loans do not require purchasers to
buy private mortgage insurance.
• A qualified Phoenix VA Loan lender can
help you determine the amount of a VA
Loan limit in any given area.
• A qualified Phoenix VA Loan lender can
help you determine the amount of a VA
Loan limit in any given area.
• A qualified Phoenix VA Loan lender can
help you determine the amount of a VA
Loan limit in any given area.

7. This information was provided by
www.eddiemortgage.com