If you have had a previous short sale, foreclosure, deed in lieu, or non re-payment of a VA loan in the past you still may have eligibility for a 100% financing VA loan. What happens when VA does not get repaid in full for a VA loan that a borrower had in the past, [...]
Mortgage Loans
Starting in late 2007 the mortgage industry as a whole started a general tightening of guidelines that has continued in dramatic fashion over the last 2+ years. Yet through all of this, VA lending has stayed pretty much the same as it was before the all the problems in the mortgage market began. For non-VA [...]
There are some debt obligations that are often overlooked when you apply for a VA loan. When I say debt obligations, I’m speaking of only the month payments that will be counted as debt in your qualifying ratios for VA loan. More common items counted as debt are car payments, credit cards and student loans. But [...]
