I do not hear this one enough.
Can I use a VA Loan?
The VA Loan program is a terrific benefit for many who have served in the armed forces.
The best answer I have for this one is the to straight to the governments web site
https://www.benefits.va.gov/homeloans/purchaseco_eligibility.asp
According to the 2015 Profile of Home Buyers and Sellers Florida brake down twenty-five percent of recent home buyers are veterans and two percent are active-duty service members in Florida.
As a state with a large active military and a popular retirement state, Florida has about 1.5 million veterans. Florida also has an additional homestead exemption for disabled veterans meeting certain criteria. A $5,000 exemption is available to veterans with a service-related disability of 10 percent or more. Those who suffer a permanent and complete disability are entitled to a total exemption.
The basic entitlement available to each eligible Veteran is $36,000. Lenders will generally loan up to 4 times a Veteran’s available entitlement without a down payment, provided the Veteran is income and credit qualified and the property appraises for the asking price.
The conforming loan limit for Palm Beach County is currently 417K.
