The Standard Purchase VA Loan
VA Loan Requirements
Before we get into the standard purchase, we need to remind ourselves of some of the basic eligibility requirements to participate in the VA home loan program. So first of all, is this person a veteran, if so, we need their COE. Do they have their DD214? Did they provide their statement of
No Need for Private Road Maintenance Agreement
VA Circular 26-22-17
On November 25th of 2022, a new VA circular pertaining to private roads and shared driveways
was released. Now, effective immediately, the VA is no longer requiring that a veteran obtain a private road maintenance agreement
to meet the minimum property requirements of the VA
home loan. The VA will be requiring that a public easement
How your credit score may INCREASE significantly
Credit Score Increase
Starting July 1st all Medical collections will be reviewed and MAY be ignored on credit reports. Your payment history is 35% of your credit score. In the past this debt could affect your credit score for up to 7 years. Eliminating medical collections on credit scores will significantly increase credit scores for many people. This means your CREDIT
Education is the Biggest Piece of the VA Lending Puzzle
People think that sellers have some sort of a bias against VA offers. Think about this situation: There are five offers for a property and the best offer is the offer with a VA loan. The seller or agent might compare that to a conventional loan offer where the buyer is putting down 30%. They immediately know if they can make up that gap if
Misinformation about VA Loan Appraisals
Most of the problems that occur when using VA loans usually stem from misinformation. Some agents simply don’t have much experience with VA Loans and are unsure of the process and all the benefits it can provide. For example, many agents think it’s not worth pursuing since they believe there are always extensive repairs to be done after the appraisal is completed.
MANY LENDERS ARE UNFAMILIAR
Vetted VA LIVE – Appraisal vs Inspection?
Vetted VA LIVE – Appraisal or Inspection?
[00:00:00] Josh Lewis: That’s it we’re live. You ready? Josh? vetted VA live episode, number three, we hopefully almost know what we’re doing now. If you missed either the first two episodes and you’re interested week one, we went through a thorough discussion of the loan estimate and we had two awesome experts on I had the joy of having my, Facebook
