For those 24.5 million American Veterans who have proudly served America in the armed forces, you may qualify for a 100% LTV (loan to value) VA loan up to $729,750 in some higher priced real estate markets like in parts of Southern California.

The VA (Veterans Administration) doesn't actually make the loan directly to the borrower. They insure (or "guarantee") or promise to pay the actual lender if and when the property owner defaults at a later date. This "guarantee" of the residential mortgage effectively reduces the risk to the direct lender as it is backed by the "full faith" of the U.S. government.

In some cases, borrowers with low FICO scores and high debt to income ratios may still qualify for up to 97% to 100% LTV financing. In certain refinances, the borrower may pull out a fair amount of cash as well. Cash out 1st and 2nd refinance loans are much more difficult to find these days so the VA "cash out" option is very appealing to many people now.

If you currently have VA eligibility after serving in one of the major armed forces for the good old USA, then your best mortgage loan option may definitely be the high loan to value, and extremely low fixed rate VA mortgage loans. Our office is actively working on various VA loans for our clients so please give me a call if you have the eligible VA benefits.

** Please visit www.realloans.com for more details.