VA loan certification are straight-forward. The good thing about the 80/10/10 is its framework.
The traditional 97 basic certification standards are :
Loan size may well not surpass $510,400, even though the home is with in a market that is high-cost.
The topic home needs to be a dwelling that is single-unit. No multi-unit domiciles are permitted.
The home loan needs to be a set price mortgage. No ARMs via the standard 97.
The standard 97 system will not enforce a particular minimum credit score beyond those for an average main-stream mortgage loan. This program may be used to refinance mortgage, too.
No advance payment: VA loans (100% funding)
The VA loan is just a no-money-down system available to users of the U.S.