VA Loans in Tucson AZ are becoming increasingly more popular. According to the US Census Bureau there are over 40,000 Veterans living in the city. Also keep in mind that Tucson is home to one of the largest Air Force Bases in our country (Davis Monthan Air Force Base) providing the city with a rich military feel on top of it’s already great history.

One of the things that I am seeing more of is Veterans and Active Duty Service-Members using and seeking information on how their VA Home Loan Benefits work. For Pima county and VA Loans in Tucson AZ the maximum loan amount for a VA Loan is $417,000 with now down payment. Veterans looking to purchase a home above $417,000 may do so by fulfilling the remaining guarantee on the loan (contact us for more details).

To qualify for a VA Loan the Veteran must have at least a 600 credit score (keep in mind this score may change from lender to lender). The Veteran must also provide income and asset documentation allowing the lender to calculate a debt-to-income ratio. The max debt-to-income ratio will vary dependent upon the overall VA Loan package.

VA Loans also come in all different shapes and sizes. A Veteran may obtain a 30,25,20,15 Year Fixed Rate VA Mortgage. The Veteran may also look at obtaining a 5 Year Adjustable Rate Mortgage with their VA Loan- commonly referred to as a VA Hybrid. Keep in mind that when Veterans are looking to obtain VA Loans in Tucson AZ they will want to pick the right Mortgage Lender. Most Lenders do not specialize in VA Loans and are unfamiliar with the details possibly making the loan experience more difficult than it needs to be.

Veterans and Active-Duty Service Members seeking to apply for a VA Loan in Tucson AZ can simply click on the APPLY button and either myself or a member of my team will contact you the same business day, or if it’s after hours, the next.

Jimmy Vercellino is a Marine Corps Veteran and Mortgage Originator Specializing in VA Loans. Jimmy’s mortgage practice serves Veterans with VA Loans in Tucson AZ as well as Phoenix. His Mission is simple: To provide and assist all Veterans and Active Duty Service Members with all of their VA Home Loan financing needs.