VA loans already offer a no money down payment purchase loan. But, what if we add Veteran down payment assistance of $7,500 – $10,000? Even though VA loans may allow no down payment, there are many uses for this Veterans mortgage assistance. Plus, it is available for buyers currently serving or has served in any […]
VA seller paid closing costs and VA loan seller concession rules allow a seller to pay all of the buyer's closing costs, plus pay buyer's debt, lease buyout, or even send the buyer on a cruise. Check out how VA closing costs work and how to finance them
VA eligible buyers and owners realize that manufactured homes offer more affordable home prices compared to other homes. Therefore, using a VA loan for a no money down purchase, cash out refinance, or interest rate reduction provides many advantages when it comes to manufactured home buyers and owners.
These days, many buyers are looking for a home with a lot of land. Additionally, some buyers are looking to buy a horse farm for sale. What many don’t realize is that you can buy a horse farm with a VA loan! This is especially important for areas like Moore County NC which is horse […]
A very popular way to build wealth is through buying rental property. Although, significant funds may be required. Because of this, building a portfolio of rental properties could take a while. Yet, buying a multifamily home can be a beautiful thing and a quicker path to being the landlord. For instance, did you know that […]
If you have questions about VA home loans, we have the answers. Check out the top 20 VA loan FAQ's and the answers here. Topics include VA loan benefits for credit, building a home, refinancing, buying a home requirements, and more. Basically if you have a VA related question, we can supply the answer and hopefully a solution.
Multiple construction loans to build a house include conforming, FHA, and VA construction loans. We also offer construction financing for second homes. Whether one owns land or purchasing land, we have options.
Who wouldn’t want to live in beautiful Charleston SC? There is history, beautiful homes, plenty of military and civilian jobs, and overall a great place to raise a family or retire. Because of a high concentration of active military as well as Veterans, the topic of VA construction loans comes up a lot. A common […]
Yes, you can get a construction loan with a VA loan. On top of that, our construction loan will match a no money down VA loan. Furthermore since VA loan limits go away on January 1, 2020, it is possible for no money down construction loans that are over the conforming loan limits! Most VA […]
Active military & Veterans have a great option to build a home with no money down. Furthermore, new VA loan rules now allow 100% construction financing with no limit! So, who are the VA construction loan lenders providing these benefits for VA eligible borrowers? For NC, SC, VA, & MD, we are a VA construction […]
The purpose of a VA loan is to provide affordable financing for current military, Veterans, and qualified surviving spouses to purchase, refinance, or build a primary residence. But sometimes there is a roadblock called the VA loan occupancy requirement. Although these solutions are not spelled out in the VA guidelines, we have a long history […]
When looking to buy, build, or refinance a home using a VA loan, a VA appraisal must be performed. Although, the exception is that an appraisal is not required on a VA Interest Rate Reduction Refinance Loan (VA IRRRL). The purposes of this VA valuation report are to determine the value, condition, and safety of […]
Did you know that Veterans probably have the best loan available for buying a home? But, when it comes to building a home, VA loans do not seem to be mentioned as an option. So, finding someone who can combine VA loan benefits like borrowing up to 100% of appraised value along with a construction […]
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 […]
Unlike paystubs on a civilian job, an enlisted service member’s paystub may show the expected end of the employment or career. The military paystub, called a Leave & Earnings Statement (LES), states the Expiration of Term of Service. For short, this separation date from active duty is commonly known as the ETS date. When getting a VA loan, lenders really care about the […]
If you have applied for a VA mortgage, chances are that the scenario was run through an automated system. These days mortgage lenders use Automated Underwriting Systems (AUS) for preapprovals for about every type of loan. Obviously, not all loans get approved. But even if a borrower does not get an automated approval, there is […]
Capacity, credit, collateral, and capital are considered the 4 C’s of mortgage lending. Basically, these are the main areas lenders review to qualify a borrower. But these 4 categories are broken down into many subsets. This article is going to discuss the capacity to pay back the loan and more specifically discuss the role of […]
Individually, these areas mentioned in the title are great advantages of VA home loans. But what if all of them happened on the same purchase? Well, they did and we closed it! So, we bring understanding VA home loans to another level. Check out some of the things we were able to accomplish for a […]
The VA appraisal process is different from other appraisal types. A term that strikes fear is when the VA appraiser invokes the Tidewater Initiative. Realtors, buyers, sellers, and lenders worry about the purchase falling apart. But if everyone moves quickly enough, the Tidewater process could be a good thing. What is the Purpose of Tidewater Initiative Process […]
VA loans may actually be the best home loan in the USA! Heck, even the world possibly! Although most VA loans are used for a no down payment purchase, it is also a very beneficial solution to buy a higher priced home. Each county in the U.S. has a VA loan limit. The good news is […]
VA home loans have historically been known for providing Veterans and service members with a no down payment purchase option. But starting January 1, 2020, the VA down payment requirements gets better! Although, how can the VA loan down payment up to the VA loan limits get better? We will explain the expanded VA home […]