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 […]
The Unusual VA (and FHA) Loan Qualification Rule After A Business Bankruptcy
The Unusual VA (and FHA) Loan Qualification Rule After A Business Bankruptcy Summary: If you’ve experienced a business bankruptcy and are looking to buy a home, there is a lesser-known VA and FHA loan guideline that might significantly reduce your waiting period before qualifying for a home loan. This article explores this unusual rule, the […]
Letter of Explanation…..Your Key To Home Loan Approval
Letter of Explanation…..Your Key To VA Home Loan Approval Table of Contents Key Takeaways Introduction Why a Letter of Explanation Matters Understanding Manual Underwriting Extenuating Circumstances: What They Are and How They Help Be Honest and Transparent How to Format Your Letter of Explanation Get Professional Help and Review Writing Tips: Clarity, Spelling, and Grammar […]
The Truth About VA Loans and Bad Credit
The Truth About Bad Credit and VA Loans When it comes to VA loans and bad credit, there are a lot of myths and misconceptions floating around. As someone who has helped countless veterans navigate the world of VA home loans, I want to set the record straight and clear up some common misunderstandings. Whether […]
Breaking…..How The Government Freeze Will Affect VA Home Loans
Breaking…..How The Government Freeze Will Affect VA Home Loans Table of Contents Key Takeaways Understanding the Recent Government Funding Freeze What This Means for Current VA Home Loan Borrowers What Buyers Should Know About VA Home Loans During This Period Additional Resources and Support Conclusion Frequently Asked Questions (FAQ) Key Takeaways The recent federal government […]