VA loans offer eligible Veterans very competitive financing with little to no down payment. Veterans who have served a specific amount of time may earn of Certificate of Eligibility which allows them to apply for a VA mortgage loan.
In the Seattle – King County area, the VA “loan limit” is currently $500,000. I have quotes around “loan limit” because technically VA does not have loan limits – this is the limit to the amount VA will lend up to 100% loan to value ie a VA home buyer can buy a $500,000 home with zero down payment.
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