No, VA loans do not require a down payment. In fact, they will also allow for seller concessions to pay for closing costs thus significantly reducing the costs due at closing compared to other types of loans. Visit our VA Home Loans page for more information.
NJ Mortgage Resources
Related FAQs
How old can a manufactured home be for VA financing?
As of 2022, manufactured homes that are 20 years old or younger meet the age requirement for VA financing. In addition to meeting the age requirement, it must also be up to local codes and VA property requirements and be located on a permanent foundation.
How many times can you use a VA loan?
There is no limit to how many times you can use a VA loan, assuming that you are eligible for the loan and can qualify with a lender. Additionally, it is possible to take out multiple VA loans simultaneously if certain conditions are met. Visit our VA Home Loans page for more information on VA financing.
Footer
NJMortgageResources.com provides homeowners with all the information they need to navigate the complex New Jersey mortgage process and get the best rate possible for their situation. Browse our educational resources and get a free customized rate quote from one of our top NJ mortgage specialists who can also help you with any additional information you may need or questions you may have.
Support@NJMortgageResources.com