va loans: GRAB that FANNIE (REO) with HomePath! - 07/28/10 07:12 PM
OK so it' a little risque but so is 5% down and conventional lending for Investors. Am I right?
At today's rock bottom prices -- REO or "Real Estate Owned Homes" (i.e., in the bank's portfolio) are the best value going. You do need a keen nose to ferret out a solid home beneath the banged doors and tall grass. Do folks realize what 'as is' really means? That there could be problems lurking deeper than the tattered wallpaper? So let's assume you or your buyer are that savvy and your done your homework. Funding foreclosures is the bugaboo. Especially for investors. Fortunately … (6 comments)

va loans: Manufactured Homes: The Hits GO ON! - 09/11/09 09:08 AM
This news is not going away fast. In the wake of FHA and VA lenders closing the window for funding Manufactured Home Loans (August 09) I am canvassing our network for solutions, conventional, portfolio, you name it. Here's the skinny:
The FEW lenders still funding Manufactured home purchases require:
1. Higher credit standards for both borrowers
2. Higher down payments than stick built homes
3. Higher interest rates and closing points
4. Newer age limitations on the home (which creeps up every year, 1994 is typical)  
My August post on this: http://activerain.com/blogsview/1202931/manufactured-homes-take-a-hit-
What's the Big Deal?  Manufactured homes represent significant risk to the investor because defaults in this housing sector … (13 comments)

va loans: Returning Veterans Deserve CREDIT! - 02/12/09 12:33 PM
VETS: Coming home to our economy in such a state --they deserve all the help we can offer! Considering so many veterans are re-entering the workforce at once, they may need help settling back into life at home. In many cases, their former jobs may no longer exist! Hopefully the VA centers are able to kick in with job training and transition assistance. Many vets may be asking if their homes or mortgages serve their current needs. I know members of the Active Rain community are on the lookout for ways to be of assistance. Having some basic information about VA loans could come in handy.
100% PURCHASE FINANCING … (6 comments)

va loans: 100% VA Loans for Returning or Relocating VETERANS - 02/02/09 11:25 AM


WASHINGTON STATE has many many veterans returning home and several military installations with active duty officers and staff living in our area. I stumbled into the VA program a couple of years back when a borrower who had some credit issues happened to mention he was a veteran.
100% PURCHASE FINANCING/ 95% REFINANCING: I happen to enjoy working with Veterans. They are very organized and get their paperwork in with military precision! Many older Vets have never used their entitilement and it's the first thing I ask these days because if they are entitled, they deserve a VA loan. … (4 comments)

va loans: Get Informed Before Buying Your First Home! - 07/05/07 02:50 PM
For most of us, our homes are our innermost sanctums and must reflect who we are both inwardly and outwardly. I'd like to think all banks and lenders have your best interests at heart, but I've heard it said far too many times that a fool is soon parted with their money! I propose to First Time Homebuyers to first of all--get informed! Invest some time up front before you start looking at houses. For example, you can get your free consumer credit report over a 3 month period (request one report per month from each of the 3 Bureaus) and see if you … (2 comments)