Reality: VA loans have the historically lowest default rate of any loan type, which means the buyer can afford the home with $0 down payment. Veterans are also some of the best at repaying their loans and honoring their commitments in borrowing money.
No. Though the VA does not have a FICO score minimum, all lenders do, and some will go as low as 500 with compensating factors.
In all cases, it’s best to have a broker take a look at it.
No. Simply put, once you have a loan and then sell the property, you can get another VA loan. There are, of course, possible conditions to this, but the VA Home Loan allows for it.
Utilize a Vetted VA Loan Office to get your personal recommendations.
Actually, that is not true. You can access Split Entitlement. The calculations are a touch more complicated, but our Vetted VA Loan Officers will be able to walk you through the qualifications, remaining entitlement of your benefit, and how to utilize the benefit.
The VA Home Loan benefit is an amazing benefit that guarantees the Lender in case of a Veteran defaulting on their home loan. However, the VA does not set the rates or market of VA Loans. That is up to the secondary market, which is where the lender comes in to play.
Real Estate loans are all about appetite for risk. Many lenders will charge higher fees buried in documentation to cover their risk and pay for marketing to attract Veterans
No. You won’t lose points for multiple credit pulls. You can have your credit pulled multiple times in a 30-day period and it only counts against you once. You’ll lose a max of 2-4 points, if that.
Your better play would be to find a reputable broker from this group and have them shop your loan around to multiple lenders to find the best deal.
That way, you’re not having credit pulled a ton and you won’t receive a bunch of different
The threshold is anything 10% or greater in disability and, if that applies, then the VA Funding Fee is waived. This can be a rather large savings in a loan, and it is a lifetime benefit as long as the disability exists.
The major eligibility categories for a VA home loan include:
You must have at least 90 days on active duty and been discharged under other than dishonorable conditions. If you served less than 90 days, you may be eligible if discharged for a service connected disability.
You must have served at least 181 days of continuous active duty and been discharged under other than
509 W FM120 #848
Pottsboro, TX 75076
509 W FM120 #848
Pottsboro, TX 75076
(903) 231-3588
