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New York has a strong military history and hundreds of military families choose to stay or relocate to New York to take part it in strong military heritage. For veterans and military members wishing to purchase a home in New York, the VA Home Loan offers them the chance to buy their dream home with zero money down while benefitting from perks otherwise not found with conventional loan programs.
In addition to being able to purchase a home with zero money down, the VA Home Loan program allows military members to benefit from competitive interest rates, flexible loan terms, and regulated closing costs. Military members are able to secure up to $417,000 for a home purchase, and are able to determine the amount they may qualify for by viewing New York VA Loan Limits.
Although the VA Home Loan Program was especially designed to benefit veterans and active duty service members, it still has a few initial eligibility requirements. To be eligible for a VA Loan, military members must submit their Certificate of Eligibility and have:
Hundreds of military families are required to relocate to New York each year. For those who may have to relocate to New York, they will most likely have to relocate to an area near one of the following military bases or training facilities:
If you have further questions about the application process or your eligibility for a VA Loan, consider contacting a New York VA Loan Specialist. A VA Loan Specialist is a knowledgeable professional who will not only be able to answer your questions, but will also be able to help you decide if a VA Loan is right for you.