The latest Va No-No Financial to own Veterans: All you have to See
When an experienced or energetic obligation serviceman inside California is utilizing their Virtual assistant mortgage Guarantee Benefit to buy a house, they want to discover you can safe an excellent Va Zero-No mortgage loan.
What is a Virtual assistant No-No Home loan?
A great Virtual assistant No-Zero financial happens when a guy along with their Va financial work for practically pays $0 advance payment (which is No #1) and $0 closing otherwise closing costs (No #2).
A great Va zero-no home loan is actually just a slang name to spell it out that some body except that the new Virtual assistant borrower was spending the closing and settlement costs….and they paid off zero downpayment.
Just how to Qualify for a great Va Zero-Zero Financial
Borrowers do not qualify for a Va No-No Mortgage since it is maybe not a brilliant miracle or other type of financing than any almost every other Va mortgage. There aren’t any unique requirements otherwise advice so you’re able to safer a beneficial Va no-no mortgage.