Year: 2017

There are several benefits regarding the VA home loan, one being, there is no minimum credit score. However, most lenders do have a a policy regarding the lowest credit score they will accept. For example, most of our investors require a 600 credit score, but some will go down to 580. Even though a low...

In this case the veteran’s eligibility can be restored only if the qualified assumer is also an eligible veteran who is willing to substitute his or her available eligibility for that of the original veteran. Otherwise, the original veteran cannot have eligibility restored until the assumer has paid off the VA loan.

Submitting the Standard Form 180 to request your military records, is used to apply for proof of military service regardless of whether you served on regular active duty or in the selected reserves. This request form is NOT processed by VA. Rather, Standard Form 180 is completed and mailed to the appropriate custodian of military service...

Financing a home is a priority and you want to make sure all of your ducks are in a row before and during the home loan process. There are six things you want to make sure you don’t do so your loan is not potentially affected. If any of these things are to happen, it could...

There are many benefits of a VA Home loan: Equal opportunity No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property) Buyer informed of reasonable value, negotiable interest rate Ability to finance the VA funding fee (plus reduced funding fees with a down payment...

The VA home loan is a great loan for veterans, it is a lifetime benefit and can be used over and over again. The VA refinance program is a great way to help the veteran that is a current homeowner to consolidate debt and get more monthly cash flow. Here are the top 4 reasons...

Buying a home is a big deal and can be very scary for first time home buyers. You don’t know where to start or who to call. What if I don’t qualify? What is my credit score? There are multiple scenarios running through your head. Here is a quick guide on where to start with your...

Veterans and their families have been the back bone of our country since the beginning. They earned the benefit so why not use it? VA loans make it possible for Veterans and their families to purchase a home or refinance their existing home with 100% financing and no monthly mortgage insurance. Here are some of...

The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit. If you wish to make application for the home loan benefit as a surviving spouse, contact our Winston-Salem Eligibility Center. In addition, a surviving spouse who obtained a...