VA home loan

November 15, 2016

Eligibility requirements for VA home loan Ventura, CA

If you are planning to apply for a VA home loan Ventura, CA, the very first thing you need to do is to find out whether you are eligible or not. If your answer to any of the following questions is YES, then you are most likely to be eligible to apply for this type of home loan. Have you served 90 consecutive days of active service during wartime? Have you served 181 days of active service during peacetime? Have you served 6 years or more in the National Guard or Reserves? Are you the spouse of a service member who died in the line of duty or as a result of service-related disability? Again, if your answer to any of the above questions is YES, you are most likely qualified for VA home loan. Note: A veteran applying for a VA home Loan must not have been discharged under dishonorable conditions. Certificate of Eligibility Though your COE is not needed as you are starting with your loan process, it is an important part of your loan application as it verifies your eligibility for VA home loan based on your length and character of service. Usually, the process of obtaining your COE takes only minutes to complete. VA loan income requirements There is no specific income threshold required for homebuyers interested in VA home loan Ventura, CA; but, borrowers are expected to have a stable and reliable income that will cover the monthly expenses – yes, that includes the new […]
January 27, 2017

Busting Some Myths About VA Home Loans Santa Barbara, CA

One of the reasons why some mortgage loan borrowers experience a not-so-good loan shopping experience is that they do not do enough research before taking an offer or getting mortgage loan deal. If you are interested in VA home loans Santa Barbara, CA, it is imperative that you are familiar with the product so that you can get the best option for your unique condition. Here are some myths about VA home loans you should know: VA purchase loans are not for short-sale or foreclosed real estate – Myth The truth is, it can be used to buy a foreclosed and short-sale with as little as no money down. Those who are eligible for VA home loans Santa Barbara, CA may have an advantage over those who need up to 20% cash as down payment to qualify for conventional loans. Surviving spouses don’t qualify for VA loans – Myth The truth is, veterans, active duty and certain surviving spouses are eligible for VA home loan benefits. Qualified surviving spouses may borrow with no money down. In fact, they are exempt from paying the VA funding fee. Military members deployed overseas are not qualified for a VA-guaranteed loan – Myth The truth is, those military members who are assigned abroad can just sign a document called power of attorney, specifically designating a spouse (or somebody else) to act on their behalf for a VA loan transaction; the POA grants permission for the attorney in fact to act on behalf of VA-eligible […]
May 31, 2018

VA for Home Purchase Phoenix AZ

Looking for the best VA for Home Purchase with the lowest mortgage rates in Phoenix, Arizona! Call HomePlus Mortgage! 800.810.7587 We Offer the Highest Level of Personalized Customer Service and the Most Competitive Rates in the Industry. Looking for the best VA loans in Phoenix, AZ? You need to talk with the mortgage professionals at HomePlus Mortgage! HomePlus Mortgage ensures that you get the absolute best rate with the best VA Home Loans in the current Phoenix, AZ mortgage loan market.   Pick up the phone and call us right now! Our goal is to provide you with the highest level of service and most convenient, competitive mortgage loan refinance. Now is the time to take advantage of the lowest mortgage rates we’ve ever seen!  Don’t wait, interest rates can’t stay this low forever. – Home Loans – FHA Loans – VA Loans – 30 Year Loans – 15 Year Loans – 7/1 ARM – 5/1 ARM – Jumbo Loans – Low Interest Rates – Pre-Approved Loans – Refinance Loans – Cash Out Loans – Debt Consolidation – Mortgage Calculator Even if you’re working with another lender, there’s no obligation and it’s highly likely that we’ll get you a better interest rate and save you a ton of money over the life of your home loan refinance. With our large selection of programs, we can often qualify you for a home loan even if you have been turned down elsewhere. Don’t make a mistake! HomePlus Mortgage professionals are dedicated […]
June 28, 2018

Some Things You Need to Know About VA Loans, Jacksonville, FL

Just like in any other transactions, it can be a big help if you have prior knowledge on a deal that you plan to get yourself involved in. Applying for VA loans, Jacksonville, FL is no exception. In other words, you need to have enough knowledge before you navigate the widely considered ‘murky’ water of the mortgage market. Here some important things that you need to know about VA loans: They are reusable – Your full VA entitlement can be used over and over again provided that you faithfully pay off your loan each time. However, still, you may be able to get another VA loan even if you have lost one to foreclosure or presently have one. They are not issued by the VA – This agency only provides a guarantee on every qualified mortgage loan; issuing home loans is not their business Available in spite of foreclosure or bankruptcy – Men in uniform who have bankruptcy history can be granted with a VA loan. In fact, even borrowers who have had a VA loan foreclosed on can still benefit from it. They are guaranteed by the government – The government guarantees up to a quarter of the loan amount if you have a VA entitlement. This can boost your chances of approval as this gives lenders confidence and will help borrowers get great deals on mortgage. The purpose of VA loans is for primary residences only – Meaning, if the purpose of buying a home is for investment […]