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Originally Posted by timoth31
As a brief aside, when my wife and I thought about buying a home a few years ago a broker at Bellmarc told me the VA zero-down mortgage is far less valuable than one might think, because all the co-op boards want proof of 30-40% in the bank with your application.
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That must be bank dependant. My wife & I had $0 in savings when we bought our first house and had no problem getting approved for a VA home loan for the full value of our house, which was valued at about 2.5 times our annual salary at the time.