Can You Get A Va Loan With Bounced Checks?
Can You Get A VA Loan With Bounced Checks? Table of Contents Key Takeaways Introduction Understanding the VA Handbook and Bounced Checks Lender Overlays and Underwriter Discretion What Underwriters Want to Know Scenario #1: Too Many Overdrafts — Loan Denied Scenario #2: Honest Mistake and Job Upgrade — Loan Approved When to Wait Before Applying […]
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 […]
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 […]
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 […]
Can You Get A VA Loan With Open Collections On Credit?
Can you still qualify for a VA loan if you have open collections on your credit report? In this video, we cover what you need to know about VA loan credit requirements and how open collections might impact your approval.
Are VA Loans Harder To Close?
Navigating the complexities of VA loan closings: Separating myth from reality.
Think VA loans are more challenging to close? Our expert dissects the common misconceptions and reveals the truth about VA loan processing.
Veterans and home buyers, bring your specific challenges and experiences. Your insights can help demystify the VA loan closing process.
Adding AUTHORIZED USER to Credit Card (Increase Your Credit Score FAST)
Adding AUTHORIZED USER to Credit Card (Increase Your Credit Score FAST) Table of Contents Key Takeaways What is an Authorized User? Who Can You Add as an Authorized User? Beware of Companies Selling Authorized User Credit Lines Can Adding an Authorized User Negatively Impact Your Credit? What to Do If You Find an […]