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VA loans are a type of mortgage loan backed by the United States Department of Veterans Affairs, or the VA. Through the VA program, loans are issued via private banks and other lenders and guaranteed by the VA.
Virginia SBA Lenders. While SBA does not make loans directly, small businesses may apply through an SBA participating lender for an SBA guaranteed loan. You may also speak directly with a local SBA representative by calling 804-771-2400. Below are: a list of Virginia SBA Lenders who may make loans under SBA’s 7(a) Loan Guaranty Programs .
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About Home Loans. VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. Your length of service or service commitment, duty status and character of service determine your eligibility for specific home loan benefits.
The VA also requires a down payment for a home or condo if the purchase price exceeds the reasonable value of the property, or if the loan has a graduated payment feature. With a VA guaranty, the lender is protected against loss up to the amount of the guaranty if the borrower fails to repay the loan. A VA loan guaranty can be used to: buy a home
Kushner Cos. has acquired more than 6,000 multifamily units across Maryland and Virginia and is now in talks with lenders for a $1 billion-plus loan to fund it, according to multiple reports. The Wall.