Elite Mortgage and Financial Services - VA Loans

VA Home Loans were first created in 1944 through the original Servicemen's Re-Adjustment Act, also know as the GI Bill. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans.

How does it work? VA will guarantee a maximum of 25 percent of a home loan amount up to $104,250, which limits the maximum loan amount to $417,000. Generally, the reasonable value of the property or the purchase price, whichever is less, plus the funding fee may be borrowed. All veterans must qualify, for they are not automatically eligible for the program.

Any of our friendly and experienced team members can answer an questions you may have regarding VA Home Loans. We look forward to hearing from you and assisting you in all of your home buying needs.