How to Read a Leave and Earnings Statement (LES) for VA Loan Income Qualification
According to the VA Lender’s Handbook (VA Pamphlet 26-7, Chapter 4, Section 1), lenders must verify stable and reliable income that’s likely to continue. The LES is a key tool in m…
August 9, 2023
How to Get Your Certificate of Eligibility (COE) and Apply for a VA Home Loan
Understanding the VA Certificate of Eligibility (COE) The Certificate of Eligibility (COE) is one of the first and most important documents in the VA home loan process. It proves t…
April 26, 2023
Tidewater Appraisal
The VA Appraisal I want to concentrate on the appraisal process when it comes to the tidewater process.
December 20, 2022
VA IRRRL: How the Interest Rate Reduction Refinance Loan Helps Veterans Lower Mortgage Payments
Its purpose is right in the name: to reduce the interest rate on your existing VA loan, lowering your monthly payment and overall cost of borrowing.
December 13, 2022
Understanding VA Loan Estimated Cash-to-Close and Prepaid Escrows
Closing costs include the fees and charges required to complete the loan, such as title, appraisal, and lender fees. Prepaids are items paid in advance — like property taxes, homeo…
December 2, 2022
Understanding VA Loan Discount Points: When Buying Down Your Rate Makes Sense
In VA loans, the choice to use discount points is entirely optional and may depend on how long the borrower plans to stay in the home and their available cash for closing costs.
December 2, 2022
VA Loan FAQs: Closing Costs, Escrow Changes, and Common Veteran Questions
Are $20,000 in Closing Costs Normal on a $415,000 VA Loan? Possibly — but it depends on what’s included in that $20,000.
November 14, 2022