When a veteran otherwise energetic duty serviceman into the Ca is utilizing their Virtual assistant mortgage Guarantee Benefit to get a house, they should understand you can safer a beneficial Va Zero-No mortgage.
What’s a Virtual assistant No-Zero Financial?
An effective Virtual assistant No-No home loan happens when men due to their Virtual assistant home loan work with literally will pay $0 advance payment (which is Zero #1) and you can $0 closing or closing costs (No #2).
A beneficial Va no-no mortgage is really just a slang title to explain one some body except that the newest Virtual assistant borrower are purchasing its closing and settlement costs….and they paid back zero deposit.
Tips Be eligible for a great Virtual assistant Zero-Zero Financial
Individuals try not to be eligible for a good Virtual assistant No-No Financial because it is perhaps not a brilliant secret or various other type off financing than just about any almost every other Virtual assistant loan. There are no unique requirements otherwise advice so you’re able to secure an excellent Virtual assistant no-no financial. Men and women are eligible for a great Virtual assistant no-no financing! Continue reading
