• Credit history: No certified lowest, but most loan providers require Fico scores out-of 580-620
• Financing maximum: Tend to restricted to Fannie mae/Freddie Mac compliant mortgage limits, latest limitation for most portion is approximately $
• Funding/underwriting fee: Upfront resource commission ranging from 2.3% and you can 3.6% according to down-payment and you can financing goal. Normally folded into the loan amount
• Should be a first quarters: You can not explore an excellent Virtual assistant mortgage to get a holiday home or investment property

You’ll have to pay a beneficial Virtual assistant investment fee, that is certainly between 2.3% and you can 3.6% of loan amount.