VA Laon

January 27, 2017

Some Myth About VA Loans Austin TX

It is important that you are familiar with VA loans Austin TX if you are interested to apply for this type of mortgage. Here are some myths (and facts) that you should be familiar with: 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 loans Austin TX 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 overseas can just sign a document called power of attorney specifically designating a spouse (or someone 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 borrower. VA loans take forever to close – Myth The truth is, VA appraisals can be back in under 10 business days on average. There is a little difference between VA and conventional loans when it comes to getting to the finish line. […]
June 26, 2019

VA Loans, Ft Walton Beach, FL – Practical Application Tips

Buying a home through VA loans, Ft Walton Beach, FL, can be one of the most important decisions you can ever make in life. That is the reason why you need to work the best you can for approval. Note that, though this government-backed loan has more flexible and forgiving requirements than other loan types, not all of those who apply for a VA loan hurdle the eligibility requirements. If you are planning to apply for VA Loans, Ft Walton Beach, FL, here are some practical tips that might help increase your chances for approval: You can start your VA application without COE. Your Certificate Of Eligibility, which you can apply online at the Veteran’s Information Portal, is a document that deems you eligible for a home loan from the VA. But you can actually start working on your loan application even without your COE yet. Usually, lenders will just get this for you during the preapproval process. So, do not let the lack of COE hinder you to start with your application. Understand the acceptable uses. This particular loan type is intended for those who are looking to buy or refinance for primary residences. Regardless of what type of home property you choose, it should be for the purpose of residing at that property. If your purpose is for buying vacation homes, investment properties, and the like, this is not the type of loan that cater to that purpose. Keep your credit clean. Just like in any other type […]