Tagged : VA home loans

Found 26 blog entries tagged as "VA home loans".

Military Couples, Advantages of Saying “I Do” on VA Home Loans


Married Military Couples have great Married Military Couples using VA home loan strategiesopportunities in using VA home loans!

For married couples, discussing VA entitlement with a trained Team Move VA Home Loan Expert is key to understanding your cost saving opportunities.

When a married couple are both in the military and/or Veterans, there are some great strategies for VA loans.  This can lower the loan costs, remove loan size restrictions, and even overcome a previous foreclosure.  The key thing to remember is to explore all options available for both VA eligible borrowers.  Today we answer popular questions relating to choosing which borrower’s eligibility to use.

Married Military Couples, one Veteran has used the full

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VA Loan Includes Condo Approval, Raised Credit Score, High Debt Ratio, Paying Off Debts


Individually, these areas mentioned in the title are great advantages of VA home loans.  But what if all of them happened on the same purchase?  Well, they did and we closed it!  So, we bring understanding VA home loans to another level.  Check out some of the things we were able to accomplish for a Veteran’s purchase.

VA Home Loans Success Story!

Going the extra mile to help a Veteran is something we do all the time.  Yet we don’t take an aimless approach to this.  Rather, we work hard to stay on top of the intricacies within guidelines to help Veterans get into a home.  Recently we were tested with a scenario that had several layers of challenges on a

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How Many Times Can You Use a VA Loan?

February 11, 2014/in Frequently Asked Questions, Products, Tips, VA Loans

Picture this scenario which happens more than you may think.  A service member is being PSC’d to another duty station and wants to buy another home.  Maybe even the Veteran just wants to buy a bigger house in another neighborhood.  BUT, what if the current home can’t sell, so it needs to be rented?  Or the owner just wants to rent out the home for investment purposes.  Plus, the current home has a VA loan on it already.  So the question is asked, “How many times can you use a VA loan?” or “Can I use VA again to buy a home and rent out my other home?”.

How Many Times Can You Use a VA Loan?

Actually it is possible to have a second

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Buying Your First Home? We have $15,000 in Down Payment Assistance Available!

$15,000 Down Payment Assistance (DPA) – Wow! Close to FREE Money!

First time buyers in Cabarrus, Cumberland, Guilford, Johnston, or Mecklenburg Counties have a great opportunity.  These buyers may be eligible for the 15000 down payment assistance program ($15,000 DPA funds).  In addition, this program offers 0% interest and has no required payments.  But guess what???  It is FULLY FORGIVEN AFTER 5 ONLY YEARS!

Most of the time something like this is too good to be true.  In this case, it is True!  Last year this program was available to the first 1,000 loans.  But, this time the $15,000 DPA will be available to the first 3,000 loans.  So see the details below and

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2017 VA Loan Limits: How Much Can Veterans Finance with a VA Loan?


The Veteran’s Administration announced that the VA limits for potential 100% financing has increased for the first time since 2006.  VA loan limits match the conforming loan limits set by the Federal Housing Finance Agency.  Basically, this means the primary limit increased from $417,000 to $424,100.  Additionally, high balance counties had an increase as well which is listed further below.

How much Veterans and Service members can borrow is based on the Veteran’s entitlement.  With full basic entitlement of $36,000, a Veteran may qualify up to the full loan limit of $424,100 (or more if a high cost area).   For Veterans looking to borrow over $424,100 in counties other than

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North Carolina Property Tax Relief for the Elderly & Disabled

NC Property Tax Discounts Explained

North Carolina provides qualifying residents three great cost saving programs.  This article will explain NC Property Tax Discounts program benefits and requirements thoroughly.  In addition to showing you how to save money on property taxes, contact us to discover the best mortgage.  Mortgage loans available to retirees and disabled include VA, USDA, FHA, NC Housing Down Payment Assistance, and MCC income tax credits, and Reverse Mortgages.  Keep in mind when purchasing a home, you must own the home first and then can apply for any property tax relief programs.  Our goal is to ensure that qualifying NC residents save money.

 The 3 NC Property

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Rent your current home and buy your dream home with no money down!


purchase a home with 2 VA home loans at once

Rent out your current residence and purchase another home with VA using bonus or 2nd tier entitlement

Sound to good to be true?  This can be done by a Veteran, active service member, or qualified surviving widow of a service member purchasing a new home with a VA home loan!  These days if someone wants to rent out their current home and then purchase a new primary residence, most programs require either 2 years of tax returns proving the rent or requiring an appraisal to prove 30% equity in the home and a copy of signed one year lease with first month rent paid.

Well with a VA guaranteed home loan, a buyer may rent out their current house prior to closing, use up to

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How Many Times Can You Use a VA Loan?


Picture this scenario which happens more than you may think.  A service member is being PSC’d to another duty station and wants to buy another home.  Maybe even the Veteran just wants to buy a bigger house in another neighborhood.  BUT, what if the current home can’t sell, so it needs to be rented?  Or the owner just wants to rent out the home for investment purposes.  Plus, the current home has a VA loan on it already.  So the question is asked, “How many times can you use a VA loan?” or “Can I use VA again to buy a home and rent out my other home?”.

how many times can you use a va loan

How Many Times Can You Use a VA Loan?

Actually it is possible to have a second VA loan.  Actually, multiple VA loan situations happen right often. 

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When Does A Refinance Make Sense? Don’t Go By the Saving 2% Rule!


When should I refinance?

Refinancing a mortgage when rates are low can save homeowners thousands to tens of thousands of dollars over the life of the loan term.  Too often everyone hears “You shouldn’t refinance unless you can save 2% in rate” and if everyone waited for a 2% reduction, so many could lose out on a very big savings!  Believe it or not, borrowers can even save from only a 1/4% lower interest rate as long as the costs versus savings makes sense.

When does it make sense to lower my mortgage interest rate through a refinance

When does it make sense to lower my mortgage interest rate through a refinance

 

 Examples to consider when a refinance makes sense or not:

  1. Larger loan amounts do not need as much of a lower rate to
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After a short sale, when can I buy another home using a VA, USDA, FHA, or conventional loan?

From 2008 through 2016 many homeowners suffered great financial difficulties.  On top of situations such as job loss and medical issues, many home values decreased dramatically.  Therefore homeowners were not able to sell their home since they were underwater.  This is why a short sale was so popular during this period.  Lenders basically agree to accept an amount lower than the mortgage balanced owed.  While this is considered a big credit delinquency, it isn’t the end of the world.  A knowledgeable buyer can purchase another home in a very reasonable amount of time.

How to Get Approved After a Short Sale

When someone goes through a short sale,

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