If you are veteran and you are getting any service related disability pay, the finding fee on your VA home loan will be waived. It does not matter how minimal your disability pay is, if you are getting any at all this fee is waived. This is huge savings. For example, the following lists the savings for first time VA benefit users [...]
June 2009
VA home loans for U.S. military veterans and active military in general tend to be very understanding about credit. The VA loan underwriters are looking for borrowers who do not have a disregard for their credit, but they can be understanding if you have had past credit difficulties and/or have an explanation for your credit circumstances [...]
There have been recent changes to home appraisals that don’t directly affect VA Loans and changes to the general scrutiny of underwriting guidelines that directly affect VA loans. There has been a big recent change in how appraisals are ordered for conventional loans called HVCC. They are now ordered directly through the bank and assigned [...]
