The VA understands that some VA borrowers may have had some credit issues in the past. So the VA is fairly flexible and willing to work with veterans and active military when it comes to their credit scores and getting approved for VA financing. Below is an overview of how the VA will evaluate certain [...]
October 2009
For the lucky active military members and veterans that are eligible, VA Loans are best loans available today period. If you have VA eligibility and you are looking to buy or refinance your home, it is really worth getting pre-approved to get a VA loan today. Here are some of the many highlights of the [...]
Right now there is a little over a month left until the expiration of the $8,000 tax credit for home buyers and of course home buyers getting VA Loans to qualify. And keep in mind that you must close by Nov 31st to get the tax credit. That means you probably have to be in [...]
When a veteran is self-employed or commissioned the income documentation required to qualify for a VA home loan can be much more involved than a salaried veteran. If you are paid a salary, the income documentation is very straightforward, you will just need to provide your last 30 days paystubs and your last 2 years w-2′s. But if you [...]
The VA guidelines only allows VA borrowers to have one VA Loan at a time. But if you have used your VA eligibility in the past, and have since sold the home or the loan has been assumed, you can re-use your VA Loan eligibility and purchase another property with a VA Loan. To reinstate [...]
