Category: VA

Did you know this VA Secret? On a one-time basis, you can have your full eligibility restored if your prior VA loan has been paid in full, but you still own the property.  This allows you to keep your current property and use your benefits on a new home!

Did you know this VA Secret? On a one-time basis, you can have your full eligibility restored if your prior VA loan has been paid in full, but you still own the property.  This allows you to keep your current property and use your benefits on a new home!

Related Article Title: Veteran Pays Off Current VA Loan – Can They Get Another? Question: Our client used VA financing to buy their home.  They want to keep this home and purchase another home.  Are they able to use VA maximum financing on the new home? Answer: Good News! Yes they can, on a one-time-only […]

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Paying Off a Construction Loan Using VA Financing

Question: We have a VA client that bought a lot and then built a home using construction financing through a local bank. Both the lot and the loan are in our client’s name. The property is now finished, and they want to refinance to consolidate the lot loan and construction loan.  Is this a cash-out […]

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Veteran Pays Off Current VA Loan – Can They Get Another?

Question: Our client used VA financing to buy their home.  They want to keep this home and purchase another home.  Are they able to use VA maximum financing on the new home? Answer: Good News! Yes they can, on a one-time-only basis. Please see below from VA’s FAQ’s Q: I have already obtained one VA […]

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Attention Veterans! VA just released new rules for those of you financially impacted by the COVID-19 pandemic.  Comment below and I’ll send you the new rules.

Attention Veterans! VA just released new rules for those of you financially impacted by the COVID-19 pandemic.  Comment below and I’ll send you the new rules.

Related Article Title: Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions, Dated & Effective June 30, 2020 – NEW MTP™ – A Veteran’s Guide to Purchasing and Refinancing During the COVID-19 Pandemic. Written by: Tracey Rumsey, Staff Writer This is a long-awaited update for those Veterans affected by the Pandemic!  All VA […]

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Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions, Dated & Effective June 30, 2020 – NEW MTP™ – A Veteran’s Guide to Purchasing and Refinancing During the COVID-19 Pandemic.

Written by: Tracey Rumsey, Staff Writer This is a long-awaited update for those Veterans affected by the Pandemic!  All VA lenders need to read this update to understand the impact on future refinance and purchase transactions. Rule Synopsis: Effective for all loans closed on or after June 30, 2020: Purchase and Cash Out Transactions VA […]

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