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What You Need To Know About The VA Renovation Mortgage Loan Program
By Leesa Sandoval
Are you looking to buy a home, but everything within your price range requires some improvements or upgrades to make it just right? The VA Renovation Mortgage Loan is a solution you can use to both buy and improve your new home or existing home. Our team is excited to announce that VA now
Read MoreVA Jumbo vs. Conventional Jumbo Mortgage – Texas
By Leesa Sandoval
The VA Jumbo loan is often a better option than Conventional Jumbo for verteran borrowers in Texas. Why you ask? First of all just to be clear a Jumbo loan in Texas is a loan amount over $417,000. Under Conventional financing moving into Jumbo loan sizes means your interest rate is moving up to. That is not the the case with VA Jumbo loans! The interest rate is about the same as the conforming VA interest rate.
Read MoreMoney Back At Closing For Home Repairs With A VA Loan
By Leesa Sandoval
In the majority of cases, VA loans do not allow for money back at closing to cover home repairs. The one exception to this rule is in the case of energy-efficient home improvements.
Read MoreRefinancing Using VA Benefits
By Leesa Sandoval
VA mortgage loans can be refinanced much like a traditional conventional loan allowing the home owner to take advantage of lower interest rates that can ultimately save a substantial amount of money by lowering your monthly payment.
Read MoreVA Home Loan Purchase Process
By Leesa Sandoval
Purchasing a home using your VA benefits is an amazing way to get into a new home with no down payment requried and a great interest rate.
Read MoreHow To Determine VA Mortgage Eligibility
By Leesa Sandoval
Honorably discharged veterans during World War II and later are eligible for VA loan benefits. Veterans with at least 90 days of service and who served during : World War II to Korean conflict and Vietnam era are eligible. Serving during peacetime would require 180+ days of active service. Since about 1980 though the requirement has moved to 2 yrs of service in most cases.
Read MoreWhat is a VA Mortgage Loan?
By Leesa Sandoval
A VA (Veterans Administration) guaranteed home loan is one of the only loan program available that offers 100% financing of the purchase of the property. Another great beniefit is there is no monthly mortgage insurance. Individuals that qualify for this program are active, non-active, Reserve, National Guard, and retired military of the armed forces.
Read MoreVA Eligibile Property Types and Loan Limits
By Leesa Sandoval
With VA mortgage loans, you are allowed to take out a loan on either the purchase of an existing home or for the construction of a new home.
Read MoreHow Does A VA Compromise Sale Work?
By Leesa Sandoval
A VA compromise sale is designed to help veterans who have a VA mortgage and need to sell their home, but would end up taking a loss in the process.
Read MoreWhat Are The Credit Score Requirements for VA Mortgages?
By Leesa Sandoval
First and foremost, the VA does not require a certain credit score in order for approval. The actual mortgage lenders, however, are allowed to set their own standards for VA loan requirements.
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