Dec
20
2011
VA is making a change to the types of loans that will be approved through the automated underwriting engine, and those changes are not friendly to new borrowers. Currently, people applying for a VA loan can sometimes get an approval with debt-to-income ratios as high as 56% (assuming the lender doesn’t have overlays reducing …
Permanent link to this article: http://www.deanhayes.com/2011/12/20/va-loan-guidelines-are-getting-tighter/
Sep
21
2011
Recently, I posted on how someone currently serving in the military or someone who has served in the past could be eligible for 100% home loan financing with a VA home mortgage, and we discussed the funding fee that is charged by VA. Well, it’s time to revisit those numbers because the Veterans Benefits Administration announced …
Permanent link to this article: http://www.deanhayes.com/2011/09/21/va-funding-fee-lowered/
Sep
14
2011
If you are currently serving in the military, or you have served in the past, you are most likely eligible for a VA home mortgage. This government backed mortgage loan allows you to purchase a home with no money down or refinance your home up to 100% of the value, and there is no monthly …
Permanent link to this article: http://www.deanhayes.com/2011/09/14/va-funding-fees/
Jul
11
2011
When a VA mortgage is used to purchase a home, there are certain fees the borrower is not allowed to pay, and they must then be paid either by the seller or the lender. For a primer on VA loans, check my previous post. ALLOWABLE FEES The VA defines allowable fees and charges that …
Permanent link to this article: http://www.deanhayes.com/2011/07/11/allowable-fees-on-va-mortgages/
Jul
05
2011
If you are eligible for VA financing, and you’re looking for a low down payment mortgage loan, there is no better option than the VA loan. A VA home loan is a mortgage that is backed by the United States Department of Veterans Affairs. The lender underwrites the file to VA guidelines, and the lender …
Permanent link to this article: http://www.deanhayes.com/2011/07/05/va-loans-for-your-home-mortgage/
Feb
07
2011
VA has just released its loan limits for 2011, and there are a few changes. First, some background. The Veteran’s Administration provides 100% home mortgage financing, both purchases and refinances, for those who are eligible. Those people include veterans, active duty personnel, reservists/National Guard members and some surviving spouses. Additionally, there is no monthly mortgage insurance …
Permanent link to this article: http://www.deanhayes.com/2011/02/07/new-va-loan-limits-for-2011/
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