Author: Oswego Mortgage

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...

In most cases it is possible to obtain a Certificate of Eligibility from your lender. Most lenders have access to the Veterans Information Portal system, also known as Web LGY. This Internet based application can establish eligibility and issue an online Certificate of Eligibility in a matter of seconds. Not all cases can be processed through Web...

Yes, your eligibility is reusable depending on the circumstances. Normally, if you have paid off your prior VA loan and disposed of the property, you can have your used eligibility restored for additional use. Also, on a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in...

A VA funding fee is applied to most VA home loan purchases and refinance. The funding fee is a percentage of the loan amount which varies based on the type of loan and your military category, if you are a first-time user, and whether you make a down payment. This fee goes back into the VA home...