More than 24.4 million veterans and service personnel are eligible for VA financing. Even though many
veterans have used their loan benefits, it may be possible for them to buy homes again.
Use the following mortgage calculator to determine the maximum
monthly payment (P+I) and the maximum VA loan amount for which you may qualify. Enter all
income and expenses as MONTHLY figures, not annual.
FREQUENTLY ASKED QUESTION # 5 [ -more VA Loan questions- ] - - - - - - Q: What can be done when both husband and wife are eligible?
A: They may acquire property jointly, but the amount of guarantee on the loan may no exceed the lesser of 40 percent of the loan amount or $36,000 ($104,250 for certain loans over $144,000).
VA Loan Rates
for 11/20/2008
30 year fixed
-----------------
0.000 points
6.500%
6.618% APR
15 year fixed
-----------------
0.000 points
6.500%
6.694% APR