York VA Loans
VA guaranteed loans are made by private lenders, such as banks, savings &
loans, or mortgage companies to eligible veterans for the purchase of a home which
must be for their own personal occupancy. The guaranty means the lender is protected
against loss if you or a later owner fail to repay the loan. The guaranty replaces
the protection the lender normally receives by requiring a down payment allowing
you to obtain favorable financing terms.
is no maximum to a VA loan but lenders will generally limit VA loans to $240,000.
This is because lenders sell VA loans in the secondary market, which currently
places a $240,000 limit on the loans. For loans up to $240,000, it is usually
possible for qualified veterans to obtain no down payment financing.