Tag: 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.

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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 […]

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VA guidelines are very sensitive to your private information. For instance, they make it clear to lenders that documentation of a borrower’s divorce should not be requested unless it is necessary to verify the amount of any alimony or child support liability. If you are unsure about what documentation a lender may be seeking, contact me before you consider buying a home, and I’ll help guide you through your questions!

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VA guidelines are very sensitive to your private information. For instance, they make it clear to lenders that documentation of a borrower’s divorce should not be requested unless it is necessary to verify the amount of any alimony or child support liability. If you are unsure about what documentation a lender may be seeking, contact me before you consider buying a home, and I’ll help guide you through your questions!

Related Article Title: How do you Document VA Pension Paid to Ex-Spouse? Question: My Veteran client is refinancing their home on a cash-out basis. His ex-spouse is paid half of his pension and this has been happening for years.  We have a pension statement from the VA verifying the payout to the ex-spouse and tax […]

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Did you know that VA waives their funding fee for Veterans who have a qualified disability? That’s a big cost savings so let’s be sure to talk before you apply for a home loan to make sure you receive all the benefits you are entitled to!

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Did you know that VA waives their funding fee for Veterans who have a qualified disability? That’s a big cost savings so let’s be sure to talk before you apply for a home loan to make sure you receive all the benefits you are entitled to!

Related Article Title: VA – Waiving the Funding Fee on a Disabled Veteran Question: My clients are both Veterans and one is a disabled Veteran. Will VA allow me to exempt the funding fee when only one is disabled? Answer: You can use either veteran’s eligibility for the loan. Simply list the disabled spouse as […]

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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.

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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 […]

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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!

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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 […]

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