VA program

The other type of program that many people may seek is the VA program. This is only available to veterans and their spouses. It allows for 100% financing with zero down. VA government home loans also allow the borrower to wrap the closing costs into the mortgage. Both FHA and VA programs have a limited price for which the borrower can purchase a house. These limits are based on geographic location and the housing market in the area. The unique rule for a VA government home loan is the ability to purchase multiple dwellings simultaneously while staying under the limit, and the option to use the program over and over again, once the balance on the loan has been paid. With assistance from the VA, people can also receive direct loans in instances when a veteran cannot meet bank qualifications.