You Can Get A Home With Zero Down Up To $730,000 If You Have VA Loan Benefits
Zero Down Home Loan Update For Woodbridge Real Estate
You can buy with zero down payment up to $730,000, pay no closing costs, and get cash at closing when
you use Mr. Erick's time-tested formula that I have used for over two decades.
The purpose of this post is to clear away the confusion about VA home loans, caused by indecisive bureaucrats running Fannie, Freddie, HUD, and the Veterans Administration.
The current VA no-money-down loan limit is up to $730,000 in Northern Virginia.
If you have a VA loan certificate, or you qualify to obtain your certificate on-line from the VA, you can pay zero down payment on homes priced below $730,000 in Woodbridge, Prince William County, or other counties in Northern Virginia.
The Washington, DC, metro area and associated suburbs are among "High Cost Areas" across the nation, so the VA home loan limit is higher here so that nice folks like you can get a loan that will match market values for homes.
VA home loans up to $417,000 will give you the same low interest rates that are offered by Fannie and Freddie guaranteed "conforming" loans.
When your loan rises above $417,000, your loan is called a "VA Jumbo" loan. The distinction between "Conforming" loans under $417,000, and "VA Jumbo" loans between $417,000 and $730,000 may be a slightly higher interest rate, and some extra closing costs.
The extra closing costs with VA Jumbo loans may also be paid by a seller credit so you can still buy zero down, zero closing costs, and cash at closing.
Because it's time to kill the myths, the rumors, and the confusion.
There's more.
When you buy zero down with a VA loan, the seller can pay some or all of your closing costs.
Some or all of your closing costs may be paid on your behalf by the folks from whom you buy your home.
When I help folks use VA financing, I negotiate a credit for the buyer that will pay ALL of your closing 
costs.
My VA buyers typically walk away from settlement on their new house with keys, and a check refunding any out-of-pocket expenses, such as the earnest money deposit (EMD), insurance, appraisal, and credit report.
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Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany, Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.
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