Home >Real Estate >VA Home Loan Qualifications-

VA Home Loan Qualifications-

Date post:16-Apr-2017
Category:
View:191 times
Download:2 times
Share this document with a friend
Transcript:
  • VA Home LoanQualifications

    MORTGAGE.INFO

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • A VA Home Loan is a home loan program accessiblespecifically to qualified veterans and is guaranteed bythe Veterans Administration, also known as the VA.The guaranty provided by the VA was designed toprotect the lender from any loss in the event thequalified veteran were to default on their loan. As aresult to this beneficial incentive, veterans canpurchase their dream house and wont have to putany money down.

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • Conventional Loans and VA Home Loans

    The qualifications for a VA home loan are a little differentfrom the conventional loan requirements. Conventional loansunlike VA home loans arent backed by a governmentguaranty or insurance. Conventional home loan flexibility is alittle better if the amount of the loan is higher than the VAhome loan limits. However, a conventional loan will usuallyrequire a high down payment and majority of VA home loansdont require a down payment at all. These are just a fewexamples of why VA home loans are much easier and morefavorable.

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • VA Home Loan UsesWhile it will depend on what your lender is capable of doing, thebelow shows what VA loans are good for:

    Purchasing a single family or multi family home, condo ortownhouseBuilding a brand new homeBuying and renovating a home that needs some TLCUpgrading your home with new energy efficientimprovementsRefinancing your home (if you have an existing VA homeloan)Purchasing a manufactured homeBuying a mobile homeBuying a home and assuming the existing mortgage.

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • A VA qualified lender can assist you with anytype of loan, but some lenders will not processloans for mobile homes. Its best to shop aroundfor a lender who can meet your needs.

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • What to Avoid While Your VA Home Loan is processing:

    Except for minimal use of your credit cards that may benecessary, dont buy anything on credit. Especially bigpurchases like a new car, a boat or any other assets.Obviously, dont buy another house.Dont go out spending a bunch of cash on anything, unlessyoure paying off some debt. Having that cash in youraccount could help with your approval and even if youre notapproved for some reason, then that cash could go towardsa conventional loan.Try to avoid any lawsuits.Its best if you dont move as well.If you already have a mortgage and are trying to refinance,keep paying your monthly bill. Even for other bills or rent,dont stop paying on those.

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • Features of a VA home loan

    Assigning your mortgage to other qualified borrowers

    Receive a loan for a manufactured or mobile home

    Buy and renovate a home that needs some TLC

    Build your dream home

    Reuse the VA home loan

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • T O L E A R N M O R EMORTGAGE.INFO

    LENDER HOTLINE: 888-581-5008

    C L I C K H E R E

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://suited45trk.com/?a=75&c=1966&s1=&ts=minfoss

  • Justin McHood is Americas MortgageCommentator and has been providing

    Mortgage commentary for over 10 years.

    INFORMATION PROVIDED BY:Justin McHood

    MORTGAGE.INFO

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://mortgage.info/

  • LEARN MORE ABOUT MORTGAGE.INFO

    MORTGAGE.INFO

    FACEBOOK.COM/WWW.MORTGAGE.INFO

    PINTEREST.COM/MORTGAGE_INFO

    _MORTGAGEINFO

    LENDER HOTLINE: 888-581-5008

    MORTGAGE.INFO LENDER HOTLINE: 888-581-5008

    http://mortgage.info/https://www.facebook.com/www.mortgage.info/https://twitter.com/_mortgageINFOhttps://www.pinterest.com/mortgage_info/

Click here to load reader

Reader Image
Embed Size (px)
Recommended