Category: VA

The Blue Water Act, signed into law this year, updated many of the VA Loan guidelines. If you would like to know what changed, comment below and I’ll send you a free fact sheet.

Related Article Title: VA Circular 26-19-30, Updated Guidance for Blue Water Navy Vietnam Veterans Act of 2019 – NEW MTP™ How the Blue Water Act Changed VA Home Financing Written by: Tracey Rumsey, Staff Writer Big changes are coming to VA financing programs effective January 1, 2020, so read through this update to be sure […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

VA Circular 26-19-30, Updated Guidance for Blue Water Navy Vietnam Veterans Act of 2019 – NEW MTP™ How the Blue Water Act Changed VA Home Financing

Written by: Tracey Rumsey, Staff Writer Big changes are coming to VA financing programs effective January 1, 2020, so read through this update to be sure your loans are covered during the transition period. Rule Synopsis: Effective with loans closed on or after January 1, 2020: For loans above $144,000 made to purchase, refinance (cash-out […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

VA Circular 26-19-31 – Assisted Appraisal Processing Program (AAPP) Effective January 1, 2020

Written by: Tracey Rumsey, Staff Writer The VA appraisal process continues to become more refined and this update addresses more changes in their appraisal process. Rule Synopsis: For appraisals prepared on or after January 1, 2020, the VA fee panel appraiser may utilize the Assisted Appraisal Processing Program (AAPP). The appraisal report may be completed […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Did you know that you can get a VA refinance loan to consolidate a 1st and 2nd lien on your property? This can be a real budget booster to reduce two payments into one. So if this sounds like something you are curious about, let’s talk!

Related Article Title: VA – Maximum LTV for a Rate/Term Refinance When Paying off 2 Liens Question: What is the maximum LTV when a VA borrower wishes to pay off their first and second lien? VA Refinance Comparison Chart Answer: The transaction you’ve described is actually a VA Cash Out Refinance Type II. The maximum loan […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Is it possible to lease out the home you are presently living in to buy a new home and have that lease payment offset your old mortgage payment? Yes it is, but you have to be careful about which loan program your lender uses for your new home. If this sounds like a great solution for you, let’s talk! I’m happy to answer any questions you have.

Related Article Title: VA- Lease Requirements on a Departing Residence to Offset House Payment Question: My client wants to buy a new home but has not sold their present home. Will VA allow a one-year lease on their departing residence to offset the payment on their present home in order to qualify for the new […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top