Real estate blog entries tagged with va loans by Eleanor Thorne 919-649-5057 Cary Mortgage Loans (Steve Thorne NC Mortgage Experts)

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Home : Blogs : Eleanor Thorne 919-649-5057 Cary Mortgage Loans : Eleanor's RTP Blog : Tag "va loans"

va loans: How Underwriters Currently Treat Income for VA Loans - 10/30/08 07:34 AM

We are fortunate to live near several Military Bases, and we are working with several folks who are using their VA benefits to purchase homes. Mortgage loans backed by the Veterans Administration are 100% loans based on the homes value, and do not generally carry location restrictions like USDA loans do...
We sell our loans to many different banks, and this give us great pricing and great flexability... and is also showing us that underwriters are looking at BAH and BAS pay (along with other income) differently across the board. Since this definitely affects how much home you can qualify to … (7 comments)

va loans: Veteran's Benefits Changed with New Law October 10, 2008 - 10/28/08 11:15 AM

The VA made a significant change on October 10, 2008 in an effort to help Veteran's who might be caught up in a subprime mortgage. The Veteran's Administration never made any subprime loans, and even the adjustable rate mortgages offered through the VA are considered to be some of the safest, most conservative products offered... here's what they did:
The increased the amount of cash a veteran can pull out of their primary residence on a refinance to equal 100% of the maximum loan amount for the area... and they changed the maximum loan amounts offered through the VA to more … (3 comments)

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Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

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