VA Mortgage Calculator

Veteran Home Loans Rates  for  7/27/2008
30 Year Fixed ----------------- 0.000 points 6.500% 6.618% APR		15 Year Fixed ----------------- 0.000 points 6.500% 6.500% APR		Hybrid 3/1 ARM ----------------- 0.000 points 7.500% 8.000% APR

Frequent Question # 33: -- -- -- -- -- -- -- -- "Farm Loan"? - Can I buy a farm with a VA loan? -- -- -- -- -- -- -- -- A veteran generally cannot get a VA loan to purchase a farm with one notable exception. If the farm has a residence where the veteran intends to live. There is no 'farming requirement' for this kind of purchase, but if the veteran does intend to operate a farm business as a major source of income for loan qualification purposes, it's required to show that the business can turn a profit. There are other options available to veterans who wish to operate a farm. The Farmers Home Administration does show preference to veterans, and can be used as a way to finance veteran-owned farm operations. -- -- -- -- -- -- -- -- >> VA Loan Testimonials -- -- -- -- -- -- -- -- MONTGOMERY GI BILL Earning a degree online is flexible and convenient, making it easy for busy individuals to fit online courses into their lives. University of Phoenix DeVry University Westwood College CTU Online Capella University American Military University Kaplan University > more GI Bill schools

VA Loan - How much can I afford to borrow?

Calculators >>

-- How much can I borrow? -- How much can I afford? -- How much are my VA loan payments? -- Show my VA loan amortization schedule. -- Compare 3 different veteran mortgages. -- How much can I save by consolidating?

Desired Mortgage for New Home
Mortgage Length	Years
Interest	%
Annual Tax
Total Monthly Payments in Non-Mortgage Debt (i.e. car, student loans, credit cards, etc).
Monthly Principal + Interest
Total Housing Payment (tax & insurance included)
Required Salary
Your salary must meet the following two conditions: Your gross (pre-taxes) monthly salary must be greater than 28% of the sum of the monthly mortgage and monthly tax payments. Your gross (pre-taxes) monthly salary must be greater than 35% of the sum of the monthly mortgage, monthly tax and other monthly debt payments. DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.