Home Loans Arizona - California - Nevada - Utah

VA guaranteed home loans in Arizona is a a VA-guaranteed loan can be used to buy a home as a primary residence (This can be either existing or new construction.) or Refinance an existing loan in the state of Arizona.

Veterans benefits extend way beyond the ability to receive disability payments or attend school for free to get a secondary education after discharge from the armed forces.

Yet many veterans are not aware of the details defining their additional benefits, especially when it comes to the real estate for military members to purchase when they wish to join the homeowner ranks.



And, there are many ways for the personnel who have served in the armed forces to use their government-granted benefits that do not just fall into the home loan category.

To start, individuals who belong to this group of home buyers will find that one main advantage they can enjoy is to obtain a veteran home loan with little or no money down.


Benefits of a VA Guaranteed Loan in Arizona:

• No down payment, unless: It is required by the lender.
• The purchase price is more than the reasonable value of the property
• No mortgage insurance
• Reusable
• One-time VA funding fee (can be included in the loan) If you receive VA disability compensation, you are exempt from the VA funding fee.
• Minimum property requirements. Ensure the property is safe, sanitary and sound
• VA staff assistance if you become delinquent on your loan
• Can be assumed by qualified persons
• Equal opportunity for all qualified Veterans

Who Is Eligible for VA home loans in Arizona
In general, the following people are eligible:

• Veterans who meet service length requirements
• Service members on active duty who have served a minimum period
• Certain Reservists and National Guard members
• Certain surviving spouses of deceased Veterans

VA home loans in Arizona Key Underwriting Criteria

• There is no maximum debt ratio. However, the lender must provide compensating factors if the total debt ratio is more than 41 percent.
• There is no maximum loan amount. However, VA does limit its guaranty. Veterans can borrow up to $453,100 without a down payment in most of the country. 
• VA’s residual income guidelines ensure Veteran borrowers can afford the loan. These guidelines establish how much money a Veteran must have left over after all debts and living expenses are considered.
• There is no minimum credit score requirement. Instead, VA requires a lender to review the entire loan profile.