VA Reno vs 203k…..Which Renovation Program Is Best?
VA Reno vs 203k: Which Renovation Mortgage Program Is Best? Table of Contents Key Takeaways What Is a Renovation Mortgage? The VA Renovation Loan: Benefits and Limitations The FHA 203k Renovation Loan: Flexibility and Costs Comparing VA Renovation and FHA 203k Loans Which Renovation Loan Should You Choose? Important Tips for Using Renovation Loans Frequently […]
The VA Energy Efficient Mortgage (EEM) : The Complete Guide
The VA Energy Efficient Mortgage (EEM) : The Complete Guide Table of Contents Key Takeaways What Is the VA Energy Efficient Mortgage (EEM)? Eligible Energy Efficient Improvements Loan Amount Limits and Justification Requirements Appraisal and Loan Amount Considerations Using the VA EEM: Purchases and Refinances How Repairs and Improvements Are Completed Challenges and Availability of […]
Bad Credit VA Loans…..All Your Questions Answered
Bad Credit VA Loan…All Your Questions Answered Frequently Asked Questions What is a minimum credit score to get a VA home loan? What are lender overlays? Can manual underwriting help with approval? What are extenuating circumstances? Some people say the VA loan doesn’t have any rules about credit issues. Is that true? Can I really […]
Can A Second Job Income Be Used Toward Qualifying on VA?
Can A Second Job Be Used For VA Qualifying Income? Table of Contents Key Takeaways Understanding When Second Income Can Be Used for VA Loans Scenarios Where Second Income Can or Cannot Be Used What To Do If Your Second Income Cannot Be Used Why You Should Work With a Knowledgeable Mortgage Broker Summary and […]
How To Get A VA Home Loan With Bad Credit
How To Get A VA Home Loan With Bad Credit Key Takeaways Guideline Key Takeaway Minimum Credit Score No official VA minimum, although many lenders will set their own minimum standards VA Flexibility VA allows manual underwriting for lower scores with compensating factors Recent Payment History Last 12 months of on-time payments crucial for approval […]
Can GI Bill Benefits Be Used Toward A VA Home Loan?
Can GI Bill Benefits Be Used Toward A VA Home Loan? Table of Contents Key Takeaways Introduction Why You Should Be Careful About Online Information Can GI Bill Income Be Used to Qualify for a VA Home Loan? What Can You Do With GI Bill Benefits When Buying a Home? Why It Matters to Work […]
Are You Trusting Experts For Your VA Mortgage Advice?
Are You Trusting Experts With Your VA Mortgage Advice? Key Takeaways Not all mortgage advice online is accurate, especially regarding VA home loans. Verify if the advice provider is a licensed loan officer by checking their NMLS number. Look for references to official VA guidelines or handbooks to ensure advice is current and credible. Understand […]
Can You Buy A High End Property With A VA Loan
Can You Buy A High End Property With A VA Loan? Key Takeaways Yes, you can buy a high-end property using a VA loan with no money down if you have full entitlement. The VA jumbo loan program allows loans above the conventional Fannie Mae loan limits without requiring a down payment under certain conditions. […]
When The VA Loan Makes Sense Vs Other Mortgage Types
When The VA Loan Makes The Most Sense (vs other mortgage types) Table of Contents Key Takeaways Why Consider a VA Loan? Scenario 1: Putting Less Than 20% Down Scenario 2: Collecting VA Disability Benefits Scenario 3: Putting More Than 20% Down (Without Disability Eligibility) Scenario 4: Low Credit Score Scenario 5: High Debt-to-Income Ratio […]
Warning….Please Watch This Before Selling Your Home On Subject To
Warning….Please Watch This Before Selling Your Home On Subject To When it comes to selling your home, especially if you are a veteran using a VA loan, understanding the nuances of the process is crucial. A topic that often comes up in the veteran community, particularly in the Better VA group, is the concept of […]