Veteran’s Administration Loans–Must be a qualifying veteran — and have a certificate of eligibility.  If you’re not sure if you’re eligible or if you need a certificate of eligibility, we have the authority to go on line to the VA website and retrieve this for you.
–A veteran’s spouse may be a co-applicant on a VA loan if the Veteran is also on the loan
–A veteran cannot have a non-veteran as a co-applicant unless the co-applicant is the Veteran’s spouse
– Not limited to first time home buyers
– No income limits apply
– Max loan is $417,000 for purchases and VA to VA refinances
–Max loan is $144,000 for VA cash out refinances and other loan types refinancing into a VA loan
– No down payment is required
–Seller can pay all closing costs and prepaid expenses associated with a purchase but this needs to be negotiated into the contract and is limited to the lesser of actual expenses or 6% (whichever is less).
– Minimum of 620 credit score required by Merrimack Mortgage Company for RD loans
– Available for 1- 4 unit properties and VA approved condos
–can be combined with NH Housing grants and subsidies
–No rehab funds are available through VA
