Waiting periods after bankruptcy and foreclosure
Waiting periods after bankruptcy and foreclosure. Waiting periods after bankruptcy and foreclosure. There are many different loan programs offered and each has their own unique waiting period requirements. Today I will focus on three of the most popular loan products VA, FHA, and Conventional loans. The waiting periods before the borrower is able to once…
Read MoreWhat are the credit score requirements?
There are many different loans programs offered and they each have a unique credit score requirement therefore, I am going to focus on three of our most popular loan products. The most popular loan products are VA, FHA, and Conventional loans. A VA loan requires the Veteran to have a minimum credit score of 600…
Read MoreWhy you should work with me instead of a big bank or credit union
Why you should work with me instead of a big bank or credit union. Why you should work with me instead of a big bank or credit union. Buying a home is one of the largest purchases one will make in their lifetime. I understand the importance of making the right decision in electing…
Read MoreWhat are the benefits of home ownership
What are the benefits of home ownership What are the benefits of home ownership? Owning real estate is very beneficial to anyone’s financial future. Whether you buy a Condominium/Townhouse, multi-family, or a single-family residence; you can’t go wrong. One very important reason to own real estate are the tax deduction benefits. As a homeowner, both…
Read MoreWhy FHA loans are a great option
Why FHA loans are a great option Why FHA loans are a great option. FHA loans were created to help prospective home buyers purchase a home with little down and to help those with less than perfect credit. FHA loans are insured by HUD which is the government. FHA loans are a great option because:…
Read MoreAttention active duty service members
Attention active-duty service members Attention active-duty service members, a veteran receives a monthly basic housing allowance also known as “BAH”. Service members are able to purchase a home with $0 down (in most cases) and cover their monthly mortgage payments with only their BAH or just a little more than their “BAH”. Oh, and…
Read MoreVA Streamline Refinance
VA streamline refinance A VA streamline refinance (also known as an IRRRL) is a refinance which allows Veterans access to lower interest rates (whenever the market permits), without a ton of paperwork needed. These refinances are meant to help reduce the veterans mortgage payment as a streamlined process. Below are a few of the…
Read MoreWhats the max cash out with VA loans
What’s the max cash out with VA loans VA loans allow up to 100% cash out as long as the Veteran credit qualifies by providing their income, assets, meets the credit score requirement, and has a stable work history. An appraisal report completed by a VA appraiser and a clear termite report are required.…
Read MoreCan I purchase again using my VA benefit after having a VA loan foreclosure?
Can I purchase again using my VA benefit after having a VA loan foreclosure The answer is yes! As long as the Foreclosure took place more than 2 years ago and the Veteran is able to provide a signed letter of explanation going over the extenuating circumstances which led up to the foreclosure and…
Read MoreCan you use a VA Loan more than once
Can you use a VA loan more than once You can in fact use your VA loan entitlement multiple times as long as you meet the eligibility requirements and have remaining entitlement available. Remember, VA loans are only for the purchase of a primary residence (owner occupied) and the home must be within a reasonable…
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