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VA Loans in St. Tammany Parish

Wondering how the VA loan works? Interested in purchasing a Mandeville, Covington, or Slidell home? Look no further! Here’s what leading real estate broker Wayne Turner and lending guru Stephanie Weeks have to say about VA financing.

“VA is my favorite loan type.” says Stephanie Weeks of The Weeks Team. “It’s so phenomenal because it’s 100$% loan. There’s no monthly mortgage insurance.”

Wayne Turner with Turner Real Estate Group explains that monthly mortgage insurance is what a consumer pays in case they should default on a loan. It protects the lender from taking the full brunt of a potential foreclosure.

VA also has the lowest default rate of any other loan type, even though they will go much higher on the debt-t0-income ratio, because the income and household expenses are looked at differently on a VA. It’s more restricted, allowing it to have higher debt-to-income, but less default rates.

There are a lot of misconceptions on the loan as well, such as it’s a one time perk. You are not limited to using VA one time – you can use it more than once. You can even have more than one VA loan at a time, if you qualify for it, and as long as it’s for a personal residence.

Interest rates are also great for VA loans. Turner Real Estate Group can negotiate for the seller to pay closing costs 99% of the time, which makes it where you can almost purchase a home with no money out of pocket.

VA is a 100% financing loan up to a loan amount of $453,100. You can borrow more than that, you may just have to put some money down if needing to go past that. There are no income limits with the VA loan.

Wayne and Stephanie say how wonderful doing VA loans are because it’s great to help Veterans, who do and sacrifice so much for our country.

Are you military and looking into purchasing a home? Let us give back to you for giving to us. It would be our honor to assist you in your home purchase. Call Wayne Turner with Turner Real Estate Group today at 985-626-1313, and Stephanie Weeks with The Weeks Team at 985-300-5626. You can also find them online at and

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