VA loan guarantees are made to service members:
- Service Members
- Unmarried Surviving Spouses
These loans are for the purchase of homes, condominiums and manufactured homes.
The VA guarantees part of the loan up to $417,000 with no down payment required. Loans in excess of this or for
manufactured homes may require a down payment. The loans are made by private lenders, such as mortgage
companies, banks, etc. The home loan guarantee can be used or restored, once a previous VA guaranteed loan is
paid in full.