How The NAR Settlement Affects VA Home Buyers
How The NAR Settlement Affects VA Home Buyers https://www.youtube.com/watch?v=pY5EG1q5NW0 The National Association of Realtors settled the commission lawsuit on March 15, 2024. Here are the
Carlos Scarpero- Dayton and Cincinnati Ohio Mortgage Broker
Wondering what the difference is between the VA Cashout Mortgage program and the VA Streamline refinance? Check out this handy chart!
Cashout | Streamline | |
---|---|---|
Max Loan | 100% of property value (if there’s enough entitlement and net tangible benefit) | Amount of current VA loan plus closing and funding fee costs, not to exceed 100% of property value |
Mortgages That Can Be Paid Off | Any mortgage including VA, FHA, USDA, Conventional, HELOC | VA mortgage only |
Credit Requirements | Full underwriting | Limited credit check but most lenders have a minimum score requirement |
Income Check | Full documentation | None |
Funding Fee | 2.15-3.3% (unless exempt) | 0.5% (unless exempt) |
Can Pay Off Other Debts | Yes | No |
Cash Back At Closing | Yes | No |
For more info, check out my other blog posts that explain each program in more detail
How The NAR Settlement Affects VA Home Buyers https://www.youtube.com/watch?v=pY5EG1q5NW0 The National Association of Realtors settled the commission lawsuit on March 15, 2024. Here are the
Can You Buy A Mixed-Use Property With A VA Loan? https://www.youtube.com/watch?v=hS0IY-4R8JY Are you considering using your VA home loan benefit to purchase a mixed-use property?
Who Should Refinance In December, 2023? https://www.youtube.com/watch?v=sZAW0egRgcs Who needs to refi right now? We have experienced a market where rates are finally dropping. Yea!