Michigan Frequently Asked Mortgage Questions
Can you combine a VA loan and First time Home buyer? If not which would be better, and how are they different?Yes, VA loan guidelines allow for First Time Home Buyer's. The VA loan program is the only program offered with 100% Financing and NO private mortgage insurance (PMI).
Can you use a VA Loan to purchase a condo?Yes, VA allows for financing on Condo's. However, the Condo Project and Association must be approved. Typically, the lender requires a Condo Questionnaire to be completed.