Veterans did you know that you can buy a house with a zero percent down payment, 0 percent, Use your VA Loan!

Quite often I, Dave Crowell American Dream Realty,  will come across a Veteran in need of purchasing a house that is unaware of the VA loan program.  Veterans can purchase a house in Ventura County up to the VA limit of $636,150 for Ventura County for 2017.  However, the VA loan program will allow Veterans to purchase a home above $636,150 if the veteran places a down payment of typically 25 % above the limit. 

For Example, if the Veteran is purchasing a home for $700,000 in Ventura County, the Veteran would need a down payment of 25 Percent of the differential between $700,000 and $636,150.  So in this scenario the Veteran would need 25 Percent of $63,850 which would be a down payment of $15,962.

Also, the Va Loan has looser Debt to Income ratio requirements for potential VA buyers.  I have seen VA debt to Income ratios exceeding 70 Percent where a typical conventional loan has a debt to income ratio of 45 Percent. 

If you are a Veteran or know someone that is a Veteran wishing to purchase a home in Camarillo, Ventura, Oxnard, Los Angeles, Thousand Oaks, Westlake Village, Moorpark, Simi Valley, Port Hueneme, Piru, Fillmore, Santa Paula or surrounding areas have them contact a top producing Real Estate Agent/Realtor and Veteran of the Nave Dave Crowell with American Dream Realty based in Camarillo at 805-300-3345.  Also, please be sure to visit Dave Crowell's website at www.mycamarilloproperties.com.

Follow Dave Crowell, American Dream's Realty regular Blog at http://www.mycamarilloproperties.com/blog/ or call Dave Crowell at 805-300-3345.