
- April30 2003
- Volume 10
- Issue 8
VA HOME LOANS
If you served in the military,Uncle Sam can help you buy a homewith no money down, via a loan fromthe US Department of Veterans Affairs(VA; 800-827-1000; www.homeloans.va.gov). A VA loan not onlyrequires no down payment, but alsocaps interest rates—and a lendercan't add more than 1 point to yourclosing costs. How much you canborrow, however, is limited to thevalue of the home as determined by aVA or Federal Housing Associationappraisal. If the seller wants morethan the appraised value, you mustcome up with the difference, either incash or through a secondary loan.The VA loan program is administeredby the home loan guaranteeservices of the Veterans BenefitsAdministration.
Articles in this issue
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Portfolio CHECK-UPabout 18 years ago
Don't Delay, Start Saving for Retirementabout 18 years ago
Gain Perspective on Variable Annuitiesabout 18 years ago
Docs Miss the $ Boat-Againabout 18 years ago
Establish E-communication with Patientsabout 18 years ago
Enjoy E-mail Paydays for Consultationsabout 18 years ago
Confront HIPAA as a Former Soviet Wouldabout 18 years ago
Take Steps to Avoid IRS' Audit Dragnetabout 18 years ago
Take Fiscal Advice from a Fellow Doctorabout 18 years ago
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