|
gptkbp:instanceOf
|
mortgage loan
|
|
gptkbp:alsoKnownAs
|
VA home loan
|
|
gptkbp:appraisalRequired
|
yes
|
|
gptkbp:assumable
|
yes
|
|
gptkbp:availableOn
|
gptkb:U.S._military_veterans
active-duty service members
eligible surviving spouses
|
|
gptkbp:closingCosts
|
limited by VA guidelines
|
|
gptkbp:createdBy
|
gptkb:Servicemen's_Readjustment_Act_of_1944
|
|
gptkbp:debtToIncomeRatioLimit
|
typically 41%
|
|
gptkbp:defaultAssistance
|
gptkb:VA_loan_technicians
|
|
gptkbp:downPaymentRequired
|
no
|
|
gptkbp:eligibility
|
amount the VA guarantees
|
|
gptkbp:filingMethod
|
15 or 30 years
|
|
gptkbp:foreclosureRate
|
historically lower than conventional loans
|
|
gptkbp:fundingFeeRequired
|
yes
|
|
gptkbp:fundingFeeWaivedFor
|
certain disabled veterans
|
|
gptkbp:guarantees
|
gptkb:U.S._government
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
VA loans
|
|
gptkbp:incomeVerificationRequired
|
yes
|
|
gptkbp:lateFeePolicy
|
varies by lender
|
|
gptkbp:lenderType
|
private lenders
|
|
gptkbp:mainInterest
|
fixed or adjustable
|
|
gptkbp:maximumLoanAmount
|
varies by county
varies by location and entitlement
|
|
gptkbp:minimumCreditScore
|
varies by lender
|
|
gptkbp:occupancyRequirement
|
must occupy as primary residence
|
|
gptkbp:offeredBy
|
gptkb:U.S._Department_of_Veterans_Affairs
|
|
gptkbp:prepaymentPenalty
|
no
|
|
gptkbp:privateMortgageInsuranceRequired
|
no
|
|
gptkbp:propertyTypeEligible
|
gptkb:building
gptkb:residential_area
gptkb:planned_unit_development_(PUD)
manufactured home
modular home
multi-unit property (up to 4 units)
new construction
single-family home
some co-ops (with restrictions)
|
|
gptkbp:purpose
|
help veterans buy homes
|
|
gptkbp:refinanceOptions
|
gptkb:Cash-Out_Refinance
gptkb:Interest_Rate_Reduction_Refinance_Loan_(IRRRL)
|
|
gptkbp:residualIncomeRequirement
|
yes
|
|
gptkbp:servicing
|
by private lenders
|
|
gptkbp:usedFor
|
home improvement
purchase of primary residence
refinancing existing mortgage
|
|
gptkbp:website
|
https://www.va.gov/housing-assistance/home-loans/
|
|
gptkbp:bfsParent
|
gptkb:Government_National_Mortgage_Association
|
|
gptkbp:bfsLayer
|
5
|