Posts Tagged ‘VA Loan Expert’
Attention 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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