100% VA FINANCING, UP TO FOUR UNITS, EASY ONLINE APPLICATION

[Jerry Padilla]

Loan limits increase from a single family to a four plex.

Minimum loan limits - You can go as low as $10,000 nationwide

Here is a link to maximum loan limits for VA, FHA and Fannie Mae and Freddie Mac..... The maximum loan limit is countywide.

https://entp.hud.gov/idapp/html/hicostlook.cfm?CFI...

Here is another link with a chart for 2015.

http://www.fhfa.gov/DataTools/Downloads/Documents/...

VA county loan limit:

• 2015 Loan Limits (Effective January 1, 2015). VA's 2015 Loan Limits are the same as the Federal Housing Finance Agency's limits. PLEASE NOTE: For purposes of determining the VA guaranty, lenders are instructed to reference only the One-Unit Limit column in the FHFA Table “Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar year 2015 and Originated after 10/1/2011 or before 7/1/2007”.

Here is a link to the VA site where they have the loan limits;

http://www.benefits.va.gov/homeloans/purchaseco_lo...

For 2015....

FHA Basic standard mortgage limits are:
Single - $271,050

Duplex - $347,000

Triplex - $419,425

Fourplex - $521,250

Fannie Mae/Freddie Mac standard mortgage limits are:

Single - $417,000

Duplex - $533,850

Triplex - $645,300

Fourplex - $801,950

FHA Basic High Cost area limits are:

Single - $625,500

Duplex - $800,775

Triplex - $967,950

Fourplex - $1,202,925

Fannie Mae/Freddie Mac High Cost are limits are the same as FHA for 2015:

National Housing Act provides mortgage limits for Hawaii up to 150% of the new ceilings for 2015:

FHA and Fannie Mae/Freddie Mac both are:

Single -  $938,520

Duplex - $1,201,150

Triplex - $1,451,925

Fourplex - $1,804,375

FOR VA FINANCING, SPECIFICALLY

• MAXIMUM NUMBER OF FINANCED PROPERTIES - 4
• GENEROUS DTI
• PRIMARY RESIDENCE ONLY FOR VA FINANCING
• MINIMUM CREDIT SCORE IS 600 FOR PURCHASES </= $417,000
• MINIMUM CREDIT SCORE IS 700 FOR PURCHASES > $417,000
• ABLE TO USE UP TO 4% SELLERS CONCESSIONS

I AM ALWAYS GLAD TO ANSWER FINANCING QUESTIONS.

l am a loan officer for a national lender. I am able to provide assistance in these locations of Fort Bragg, Fort Hood, Camp Pendleton, Fort Campbell, Fort Lewis, Fort Benning, Jacksonville, Norfolk, Honolulu, Mayport, Kitsnap, San Diego, Corpus Christi, Fort Worth, Coronado, Patuxent River, Fort Bliss, Fort Irwin and many other locations throughout the U.S.