A 3rd party broker that specializes in mortgages guaranteed by the US government

VA Loan Eligibility

Cash Reserves / Liquid Assets Required

Arguably, if not definitively the most advantageous entitlement accessible to eligible military members and veterans, the VA Home Loan Program is appealing for a variety of reasons. The VA insured mortgage program offers zero money down requirements, relaxed underwriting standards, non-established credit scores, assumable loans and property requirements that make certain that potential residences are […]

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Can I use investment income to qualify?

Similar to conventional loans and other federal loan programs, the VA housing loan requires the home to be affordable for the borrower. According to the VA, affordability is determined by a combination of qualifying debt and monthly income. Both are used to calculate debt to income ratio, with the standard gauge being 41 percent. The […]

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VA Loan Credit Score

Recently, the Department of Veterans Affairs announced that it had guaranteed its twenty-one-millionth home loan. Created in 1944, in gratitude for the military service of returning World War II veterans, the popularity of VA home loans has boomed over the previous decade. In the past two years alone, over a million VA loans have been […]

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What is Consideration (Earnest Money Deposit or Good Faith Deposit)?

The majority of VA loans call for an earnest money deposit. Although no set guidelines exist for the total amount dictated in an EMD, commonly the deposit will be for a total of two percent of the property’s sale price. Generally, this sum is called for following the initial agreement of sale between the buyer […]

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Applying for a VA Home Loan if You’re Active-Duty

Active-duty service member in the U.S. military, are eligible to receive the VA home loan. In comparison to conventional loans, military members are much better off pursuing a VA loan. This loan offers no money down, easier qualifying standards, no set credit requirement, a reduced funding fee and no mortgage insurance required, among numerous other benefits. […]

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Properties Eligible for a VA Loan

Over the past decade, the popularity of the VA loan program has grown exponentially. In 2004, VA backed mortgages only accounted for two percent of all mortgages, ten years later that number has increased to eight percent. Military members only make up ten percent of the entire population, making the number of houses purchased with […]

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Home Loans for People with Bad Credit

When the recession hit in 2008, over three million people experienced a foreclosure on their homes. The rate of foreclosure jumped by 81 percent (225 percent from two years prior), an unforgiving economic climate left many in dire financial straits. A short six years later, the economic reverberations are still felt by many. Younger Americans […]

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VA Loan Eligibility & Qualifications

Click Here For The VA Home Loan Application To qualify for a VA loan, the following conditions must be met: Borrower must be eligible to receive the VA Home Loan Benefit Borrower must qualify for the amount borrowed – Get Started Subject property must appraise for the loan amount Subject property must meet the VA […]

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Can I Use My GI Bill Education / Housing Income To Qualify For A VA Loan?

The GI Bill, since its 1944 inception has provided veterans with crucial assistance in many different areas of life. The Post 9/11 updated GI Bill has continued in this tradition, expanding and improving many available benefits. Active duty service members with 90 days of service and honorably discharged veterans qualify for this program. Advantageously, entitlements […]

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Under What Circumstances Will I lose My VA Benefits?

Veterans could lose their VA benefits for two reasons: Incarceration and multiple foreclosures. For incarcerated veterans, a reduction or loss of benefits is determined by the crime committed and the resulting prison sentence E.G. whether the offense was a felony or misdemeanor. Benefits commonly affected by a prison sentence include educational as well as disability […]

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Recovering from a Short Sale without Lengthy Waiting Periods

For veterans and their families who have gone through a short sale in the past, they may find themselves in the position to buy a new home, but there’s often the question of how the purchasing process will go. After going through a short sale, there are certain requirements and time limitations in place, before […]

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VA Loan Approval After Bankruptcy or Foreclosure

In recent years, an economic downturn and slow national recovery have made bankruptcy and foreclosure relatively common experiences among the American public. These are difficult monetary situations, and although a stigma remains, they are hardly a financial catastrophe. Contrary to common belief, you can receive full loan approval regardless of foreclosure or bankruptcy.In some cases […]

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What is VA loan entitlement?

VA loan entitlement is an amount of guarantee made by the US Department of Veteran Affairs. The standard VA Loan Entitlement is either $36,000 or 25% of the loan amount. The $36,000 home loan entitlement is based on a loan of $144,000 or less. For VA home loans above $144,000, the VA Entitlement will be […]

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Patriot Act Identification Requirements

As of October 1, 2003, the USA Patriot Act requires to collect information from borrowers to confirm their identity. The Patriot Act requires 2 forms of identification to be collected and verified by the VA  mortgage home loan originator when an applicant applies for a VA loan. Each piece of identification must meet an item […]

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VA Home Loan Income Standards

Residual Income: VA home loans do not offer guaranteed acceptance. To qualify for a VA home loan, you must be able to afford the payment and any existing debt you currently have. In addition to this, you will need to have money for food, entertainment, housing maintenance expenses, etc. This remaining amount is called residual […]

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