Transcript What is the debt to income ratio for our VA loans? Typically, when you’re looking at something over 50 percent for a VA loan, you could be in an area where you’ll be denied, but there’s a different…
Transcript How does the VA check your income? It checks the income the same as other other loans. They check your income history via your W 2, 1099, your tax returns, and also your current pay stubs. And if…
Transcript Is it hard for a house to pass a VA inspection? In my experience, the answer is no, but it depends on the condition of the home. If the house is in a major amount of disrepair, then…
Transcript Who pays for the appraisal on a VA loan? Typically, it’s the borrower that pays for the appraisal on the VA loan on the home they’re purchasing or refinancing.
For many prospective homebuyers, saving for a down payment can be a significant hurdle on the path to homeownership. However, with careful planning and disciplined saving, achieving that down payment goal is entirely feasible. Here are some strategies to help…
Transcript How many pay stubs do you need for a VA loan? Typically, if you get paid every two weeks, you need two pay stubs.
Transcript Are VA appraisals typically low? That’s hit or miss. There are some VA appraisers that don’t do a good job and they come in with low values. Unfortunately, when we place appraisals, all lenders have to put it…
If you’re a Texas resident and a current or former service member, you may be eligible for a VA loan refinance. Refinancing your VA loan can offer a range of benefits, from lower interest rates to changing loan terms to…
When it comes to purchasing a home, securing the right mortgage is a pivotal step in the process. To ensure you make informed decisions and choose the mortgage that best fits your needs, it’s essential to ask the right questions…
Transcript Do VA loans check credit? Absolutely, they do check your credit and they use your credit to qualify you for the VA loan.
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