Veterans, if you have used your VA entitlement to purchase a home, are you aware you can use it more than once? This benefit never expires. As long as you do not allow for the VA loan to be assumed, and you sell your existing home, you can use it again to purchase a new home. However, if you allow for somebody to assume this mortgage, then you will lose your entitlement! Veterans, are you
For some borrowers, zero down payment programs or down payment assistance programs are available. Let me explain what this means. USDA is a program that is available for areas of the USA that are deemed rural areas. This means for a population of 15,000 or less. The program does not require a down payment but does have income limitations that you must meet. It also has tougher debt to income qualification then other loan programs.