Available Products and Parameters - Maximum financing available based on borrower's VA entitlement
Borrower Eligibility - Borrower must be:
- Retired (honorably discharged)
- Active-duty veteran
- Remarried widows or widows possessing a Certificate of Eligibility
- Member of Reserves and National Guard
- Unmarried surviving spouse (veteran must have died on active duty or from a service-connected disability)
Loan-to-Value - Maximum 100% LTV
Borrower Contribution - Not Required
Mortgage Insurance - Funding Fee (up front) - No monthly MI
Occupancy - Owner-occupied
Seller Contribution - Maximum 4%
Reserves - Not Required
Subordinate Financing - Permitted through a Regions-approved down payment assistance program (DPA)
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