VETERAN LOANS

United Home Loan Services, Inc. is proud to offer those who have served or are currently active members of the military. The VA loan is an excellent loan that assists our nation’s veterans with obtaining homeownership.

Advantages of VA Home Loans

  • Less restrictive qualifying terms than conventional home loan programs
  • Up to 100% financing available
  • No monthly mortgage insurance
  • Seller concessions up to 4% of the reasonable value of the property
  • Credit scores as low as 580 (or as low as 500 with 10% down)
  • A surviving spouse may be eligible, as determined by VA
  • Must be a Veteran, Active Duty Military, or member of the Reserves
  • Borrowers exempt from the VA funding fees if receiving VA disability
A couple holding a model home and house keys

VA LOAN SPECIFICATIONS**

(1-4 unit, purchase, primary residence only)

30-year Minimum FICO

580 minimum FICO and maximum loan amount of $1,000,000; or
680 minimum FICO and maximum loan amount of $2,000,000

15-year Minimum FICO

580 minimum FICO and maximum loan amount of $1,000,000

**Note: For loan amounts greater than > $647,200 the maximum loan amount must include the funding fee when financed (applies to both 15 and 30-year fixed loans).