Does Credit Score Affect VA Loan Rate?
Transcript Does the credit score affect the VA loan rate? Absolutely. You can get a VA loan down to 580 in the case of our company or even lower with some other companies, but the rates, there is a…
How Often is a VA Loan Denied?
Transcript How often is a VA loan denied that depends on your credit, your death income ratio and your loan size to make sure that you can carry that what’s called a residual residual income analysis by the VA. But…
Do Veterans Have to Pay Back VA Loans?
Transcript Do veterans have to pay back VA loans? Yes, this works like any other mortgage. You pay that in equal installments over 30 years. It’s a 30 year fixed or over 15 years if it’s a 15 year fixed.
Decoding Current Mortgage Rates: What Homebuyers Need to Know
For prospective homebuyers, understanding the dynamics of current mortgage rates is crucial in making informed decisions and securing the best financing options. As we navigate the real estate landscape in 2023, let’s delve into the key factors influencing mortgage rates…
Can a Family Member Use My VA Loan?
Transcript Can a family member use my VA loan? The family member that can use your VA loan is a person who is occupying that property as your primary residence or in the case of a spouse if something would…
Exploring VA Loan Assumption: Benefits and Drawbacks Unveiled
Transcript Are you a military service member or a veteran considering buying a home with a VA loan? Well, you might be interested to know the VA loan assumption process, which allows someone else to take over your mortgage…
What is the $42,000 VA Housing Benefit?
Transcript What is a 42, 000 VA housing benefit? That’s a benefit calculated to give to a veteran or active service member. The benefit of purchasing a home with zero down payment. What that does is that translates into as…
5 Mistakes To Avoid As A First-Time Home Buyer
Embarking on the journey to homeownership is an exhilarating experience, but it comes with its share of challenges and pitfalls, especially for first-time buyers. To ensure a smoother and more successful homebuying process, here are five common mistakes to avoid:…
How Big of a VA Loan Can I Get?
Transcript How big of a loan can, from the VA, can I get? Well, from Texas Home Loans, you can get up to 2 million. Other lenders typically are capped at the Fannie Mae limit, which is 726, 200 right…
Why Would A VA Loan Be Denied?
Transcript How would a VA loan get denied? If you don’t meet the credit, income, and credit debt to income ratio requirements, then it could be denied. Typically, it could be occupancy type. For example, VA loans are only with…
