Whether you’re buying a house or refinancing, getting a VA loan is generally the best possible financial solution. Unfortunately, there are still lenders charging an outrageous amount of fees. In the case of buying a house, you know this comes directly out of your pocket. If you’re refinancing of course, this is equity you lose […]
FHA Loans are mortgages that are insured by the Federal Housing Authority (FHA). There are many advantages to FHA loans. However, there are many more disadvantages when compared to VA loans and if you are a veteran and not working with certified VA lenders, you could get stuck with a significantly inferior loan and thus […]
There are 3 basic types of institutions you can acquire a VA loan from….Pay very close attention to the lender that originates your loan for you and do your research. You could save yourself literally thousands in closing costs and higher rates.
Sometimes it seems like a roll of the dice to find the perfect balance between low mortgage rates and minimal fees. In general, VA rates are easy to find but knowing what fees are involved are a different story. In another article that addresses the troubles veterans face when searching for “How much are VA […]
Some veterans have been led to believe that the VA loan application process is difficult and time consuming. Quite honestly it has to do more with the level of knowledge your loan officer had and if they have had enough training to be considered a “VA Loan Specialist”. Otherwise, the VA loan process is not much different than any other type of mortgage loan.
An Energy Efficient Mortgage (EEM) has been a very popular product and one thousands of veterans take advantage of each year. There are numerous ways home buyers and current home owners can take advantage of this type of VA Loan.
There are quite a few searches online for the term “Military Loan”. This can refer to many different types of loans, like Military Pay Day Loans, Military Personal Loans, VA Loans, Military Business loans….well, you get the idea. You might see where that could get confusing. They all have their purpose but without really considering […]
There’s a little known secret about VA loans that even lenders don’t know about…veterans can have two VA loans at once.
What Form Do I show the Lender I’m Eligible? The first form you need is a Certificate of Eligibility before you can get a VA guaranteed loan. Below are some instructions for you. Among categories A, B, and C below, find the one that matches your situation. Category A: Veterans, Active Duty, and Reservists/National Guard […]
Basically, in short, veterans and current military personnel can get a zero down VA Loan over $417,000 in certain High Cost Counties around the United States….VA Jumbo Loans should really be your only choice if you are looking to put less than 20% down.