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 […]
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 […]
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.
Can You Get A VA Loan If You Are The Child of A Veteran?
Curious about VA loan eligibility for children of veterans? Wondering if your family’s military service opens doors to homeownership?
Dive into the complex world of VA loan inheritance and eligibility. Our expert breaks down the nuanced rules, potential pathways, and critical considerations for children of veterans.