As the mortgage market continues to shift away from the risky loans of the past five years, active duty and qualified retirees are rediscovering one of the great benefits at their disposal. VA loans were often overlooked when the market was hot pushing military families to choose other loan products some of them potentially risky adjustable rate mortgages.

Today the VA loan is one of the few dependable 100% financing options left. Buyers are required to pay your own VA funding fee which can be financed as part of the loan and the funding fee is waived for disabled veterans. With seller contributions towards closing costs you could get to the settlement table with no money out of your pocket! VA loan limits in the Northern Virginia area are set to $729,750 and available at this rate through October 2011.

Not sure whether you are eligible for a VA loan?

VA Loan Eligibility Requirements

Need to request your VA Certificate of Eligibility?

VA Form 26-1880

If you need a trusted lender to help answer your questions about a VA loan let me know. I'd be glad to provide you with a list of lenders who work with VA buyers everyday. You can also check with any military credit union to discuss your options for using your VA loan as well.

Once you get your PCS orders to Fort Belvoir, Pentagon or Quantico you will find a terrific selection of Northern Virginia neighborhoods you would be glad to call home. With lower prices in the area you can a wide selection of homes well within the new VA loan limit. New, resale and even foreclosures are all possibilities with a VA loan.

If you are looking for an agent who understands a military move, drop me an email or give me a call. I've walked in your shoes from the Far East to Europe and know what it is like to pack up and move to a new home. I'm always glad to answer any questions you have about the home buying process and the Northern Virginia area.