Perhaps being best known as one of the country’s smallest state is Delaware’s claim to fame. Located on the Atlantic Coast, and only measuring 96 miles long, it’s only larger than Rhode Island. Delaware boasts numerous coastal areas, and it has the lowest mean elevation of any state in the U.S. Matching its small size is its small population, which in 2012 was just above 900,00 residents. Of those, 78,687 were veterans.
For veterans looking to enjoy a fairly mild climate and beautiful coastal landscapes, Delaware is a great place to purchase a full time residence. If you’re planning to use a VA loan for the purchase of a home, a termite inspection is required in the state.
If you’re a resident of Delaware and you require assistance with a VA loan short sale, contact us at 888-573-4496 or complete the below form. With short sale assistance, there is no cost to the homeowner. Additionally, when a veteran completes a short sale on a home purchased with a VA-backed loan, there is no impact on security clearance or credit score, as long as the homeowner is current on the loan. Also, after a short sale, a veteran retains the ability to reuse their VA benefit to buy another home.
VA Home Loan Limits
To find out the exact dollar amount you qualify for, call the VA Home Loan Centers Applications Support Desk at 888-573-4496 or fill out the VA Home Loan Application located here.
The loan limits below are the maximum 2017, $0 down VA loan amount set for each county. Although there is no maximum loan amount, the maximum no money down VA home loan limits are stated as follows.
- Kent County: VA Home Loan Limit $424,100
- New Castle County: VA Home Loan Limit $424,100
- Sussex County: VA Home Loan Limit $424,100
Apply For Delaware VA Loan Short Sale Assistance:
If you own real estate in Delaware and are needing to sell your home due to PCS, BRAC, or for any other reason, call 888-573-4496 (option 2) to speak with a benefits officer. VA Home Loan Centers provides no cost assistance to homeowners who need to sell their home. This service is provided even if the borrower did not use their VA loan to finance the home.