Posted on: 16th Aug, 2011 11:54 pm
can you use a VA loan to purchase real estate in San Miguel, Mexico?
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.
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.
