Category: VA

Attention Veterans!  VA home financing is incredibly unique in how they will allow Seller Concessions and Seller credits to be used to help you buy a home.  You may be surprised by how these credits can be used so let’s talk before you look for a home.

Attention Veterans!  VA home financing is incredibly unique in how they will allow Seller Concessions and Seller credits to be used to help you buy a home.  You may be surprised by how these credits can be used so let’s talk before you look for a home.

Related Article Title: Using VA Sales Concessions & Seller Contributions Question: I noticed on your Maximum Seller Contributions charts you have plus, up to 4% of sales concessions. Can you explain what falls under the sales concession category? MC VA Sales Concession Training Class Answer: Mortgage Currentcy offers a Fantastic Class on this subject, and […]

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Using VA Sales Concessions & Seller Contributions

Question: I noticed on your Maximum Seller Contributions charts you have plus, up to 4% of sales concessions. Can you explain what falls under the sales concession category? MC VA Sales Concession Training Class Answer: Mortgage Currentcy offers a Fantastic Class on this subject, and you can find it under the “Online Training Classes” link. […]

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Veteran Working Overseas as Contractor

Question: My client is retired military and currently works as a contractor providing security services overseas. He gets paid a daily rate plus danger and hardship pay. He works 36 hours every 2 weeks. It appears like part time pay due to the hours, but it is considered full time according to his employer, because […]

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VA Surviving Spouse Benefits

Question: Can the spouse of a deceased veteran utilize a VA loan? Her husband died 14 years ago, but her husband was in the military for his entire career. Answer: Only the unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the […]

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VA Circular 26-20-10, Updated Lender Guidance for Borrowers Affected Financially by the COVID-19 National Emergency, June 29, 2021, Effective immediately

Written by: Tracey Rumsey, Staff Writer COVID guidelines are in a continuous state of flux.  Read this article to ensure that you are up to date on VA COVID guidance. Rule Synopsis: Effective date June 29, 2021 Summary This is a reissuance of the COVID-19 policy Circular 26-20-10 that VA allowed to rescind in April of […]

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