VA has multiple Loan Programs that can meet anyone’s expectations if they are looking to use an VA Loan to purchase their home below are a list of the most common Loan Programs available to you:
HUD Homes – Properties for Sale and Financed by VA
Officer Next Door – 50% Discounted properties and financing for police officers.
Teacher Next Door – 50% discounted properties and financing for teachers.
CHDAP – 100% financing using second mortgage.
Neighborhood Gold – up to $15,000 gift funds with assistance of home seller
CHFA Loans (CHAFA) – discounted financing option with income limitations
Access 2000 – 100% financing with use of second mortgage.
203K – VA major home improvement, rehab loan.
Single Family Home – standard VA 203(b) loan.
Units> Duplex Triplex Fourplex – unit financing
Fixed Rate VA Loans – standard VA fixed rate loan
VA adjustable rate mortgages (ARM) - standard VA ARM, Adjustable Rate Mortgage