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A VA loan in Midland, or anywhere for that matter, is a loan that is backed by the Department of Veteran’s Affairs and they were enacted as part of the GI Bill. These loans are offered to retired veterans, active military, honorably discharged, and widowed spouses of military members killed in action.
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Income Requirements – The maximum income allowed to finance a home with a USDA loan in Midland is limited to 115% of the median average income. This means your household income can not be more than 15% above the median income.
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