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Loan Programs
VA
A VA (Veterans Affairs) mortgage loan is a type of home loan specifically available to eligible veterans, active-duty service members, and certain surviving spouses. These loans are guaranteed by the U.S. Department of Veterans Affairs, providing favorable terms and benefits to qualifying individuals. Borrowers considering a VA loan should consult with a VA-approved lender to determine their eligibility and explore the specific terms and benefits available to them.
Down Payment
One of the most significant benefits of VA loans is that they often do not require a down payment. Eligible borrowers can finance 100% of the home's purchase price without the need for a down payment, making homeownership more accessible.
No Private Mortgage Insurance (PMI)
VA loans do not require borrowers to pay for private mortgage insurance, even with no down payment. This can result in significant savings compared to conventional loans, where PMI is typically required for down payments of less than 20%.
Credit Score
The VA itself does not set a minimum credit score to qualify for a loan – but lenders might have overlays depending on their guidelines.
Loan Limits
VA loan limits vary by location and are based on the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In some cases, borrowers may be able to exceed the standard VA loan limits with a down payment.
Funding Fee
VA loans typically require a one-time funding fee, which helps offset the cost of the loan guarantee program. The funding fee amount can vary based on factors such as the borrower's military service, down payment amount, and whether it's the borrower's first time using a VA loan.
*4Ever Lending USA LLC is not affiliated with or sponsored by the U.S. Department of Veterans
Affairs, United States Department of Agriculture, or the Federal Housing Administration.
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NMLS #2051275
• www.nmlsconsumeraccess.org

• Licensed by:
o District of Columbia Department of Insurance, Securities & Banking #MLB 2051275
o Florida Office of Financial Regulation #MBR4894
o Maryland Office of Financial Regulation #2051275
o Virginia Bureau of Financial Institutions #MC-7155
• 4Ever Lending USA LLC arranges loans with third-party providers, does not make any mortgage loan commitments or fund any mortgage loans.
• For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.

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