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Icon Mini Profile suze30





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Post Posted: Tue Aug 16, 2011 11:54 pm    Post subject: navy veteran
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can you use a VA loan to purchase real estate in San Miguel, Mexico?
Icon Mini Profile Niicss
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Post Posted: Wed Aug 17, 2011 12:25 am    Post subject:
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I'm not sure about whether or not VA loans are available for veterans living in Mexico. I will suggest you to contact the Mexico based lenders and have a word with them in this regard. This will help you know whether or not you will get such a loan and qualify for it.
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Icon Mini Profile sabrinatoss
sabrinatoss
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Post Posted: Wed Aug 17, 2011 12:25 am    Post subject: hi suze30 !
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Yes you can, however you should be aware of the limits since VA guaranteed loans do not have a maximum dollar amount, lenders who sell their VA loans in the secondary market must limit the size of those loans to the maximums prescribed. In San Miguel, single family home is up to $417,000.00 and maximum guaranty is up to $1,000,000. Feel free to have a mortgage broker to help you with your loan application.
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