VA Loans: Multiple Properties, Federal Tax Debt, Student Loans, Trailing Spouse Income There are so many guidelines that no one can know them all, but knowing where to find the answers is important. This is what we look to do for buyers, real estate professionals, ... Read More
We were asked recently “Do you have any decent programs for second home buyers?” and the quick answer is “Yes, there are a lot of creative ways to finance the purchase of a second home”. These financing options include purchase loans ... Read More
Pastoral Housing Allowance We love helping pastors buy homes! So much so, we have to share this success story and “prayer” answered. Picture this loan scenario which involved the often misunderstood pastoral housing allowance. A pastor and military v... Read More
Check out this success story for this VA purchase! High debt ratio and under 640 scores closed quick First Time VA Loan Buyer Options Under 640 score, over 55% debt ratio, VA home loan purchase that needs to close in 33 days? No way? Yes, Way!! So often th... Read More
2016 Fannie and Freddie loan size limits announcement The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan size limits for 2016 Fannie Mae and Freddie Mac loans will stay the same as 2015 except for increases in 39 high cost c... Read More
How to use Little Known VA Home Loan Guidelines to Buy a Home Other than the standard things most people know about, VA will allow some little known, creative ways to help a buyer qualify with a VA home loan. Here are 7 Ways Knowledge of VA Details Will Help Buyers:... Read More
VA home loans work so well for military and veteran buyers. They offer a no money down purchase loan. But sometimes things happen outside of the service member’s control. Too often VA buyers have purchased a home that depreciated in value so that the home... Read More
When should I refinance? Refinancing a mortgage when rates are low can save homeowners thousands to tens of thousands of dollars over the life of the loan term. Too often everyone hears “You shouldn’t refinance unless you can save 2% in rate” and ... Read More
VA Refinance IRRRL The Department of Veteran Affairs offers a streamlined VA refinance to benefit borrowers with VA loans. This refinance loan is called a VA Interest Rate Reduction Refinance Loan. But, IRRRL, pronounced like Earl, is what lenders call it. ... Read More
Building a new home is exciting. For a buyer to use a VA home loan on new construction, there must be a VA approved builder. Although VA builder approval is required, it is not a daunting task. If a builder is going to sell a home to military or veteran buyers,... Read More
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- 2018 FHA Loan Limits Increases Homeownership Opportunities for BuyersDecember 8, 2017 - 11:37 am
After the recent announcement of the conforming loan limits increase, FHA has now announced their own increase. Housing prices have continued to climb which is a good thing to owners, but can be a struggle for home buyers. As a buyer sits on the sidelines as a renter or living with family, prices are rising. […]
- 6 Reasons to Get Your Certificate of Eligibility Before BuyingDecember 8, 2017 - 6:30 am
In order to get a VA loan, it is important to make sure that the Veteran is first eligible for VA. Often, we are able to get the VA Certificate of Eligibility for the Veteran within a couple minutes online. But, there are times that this information is not available online. Therefore a Veteran has a […]
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