| Veterans Administration (VA) A government agency guaranteeing mortgage loans with no down payment to qualified veterans. One benefit of a VA loan is that there is no private mortgage insurance. A Certificate of Eligibility or the DD214 will be required for the VA mortgage loan. The current loan limit for a VA purchase is $359,650 as of January 3, 2005. VA mortgages do have a funding fee that is added to the laon amount based on the type of duty, amount of down payment and amount of times used. Mortgage Master is pleased to offer VA mortgage loans for purchases and refinancing. For more information, contact Rhonda Witt. |
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