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Blog entries tagged with "va loans":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
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With all the changes and cut back to mortgage programs over the past 18 months the options for 100% Financing is limited to a slim few programs. One program that is still alive and well is the VA Mortgage Loan which will allow up to 100% Financing, NO Monthly Mortgage Insurance … (0 comments)
VA FINANCING - A GOOD DEAL FOR VETERANS
So, when does it become appropriate to refinance your existing low adjustable rate home mortgage is the question many of my clients are not asking me nor themselves. Far too often, when speaking with a client who has a low adjustable rate I'm told this... I already have a low rate … (0 comments)
Why do people think that if they are buying a home using a Va Loan that they will not have to put any money into the transaction? WHY, because so many people, are getting either mixed messages or half truths by the lender that they are asking.Truth, is that there are closing costs … (3 comments)
Being an Army retiree makes me especially fond of VA loans. Of course working with Soldiers from Fort Lewis and Airmen form McChord Air Force Base makes VA funding all the more important to me. So I was glad to read about the National Association of Realtors (NAR) speaking out in Washington … (0 comments)
VA Loans This page contains information on VA loans or Veterans Administration Loans. Click for information on Virginia mortgages. Email me with questions on VA loans VA loans are available to Active Duty Military, Veterans and Reservists. VA loans give you the ability to buy with no out of pocket cost. … (0 comments)
The world of real estate is constantly changing. Today we hear the term “Buyer’s market” but it was not that long ago that the world was the Seller’s oyster. You can’t get comfortable because the rules keep changing. Such is the also the case for the mortgage market. As the Government … (0 comments)
Just when the Las Vegas homes market was starting to come out of the doldrums, Fannie Mae put another roadblock in front of many would be Las Vegas homeowners. We had been experiencing a lot more activity over the past month and at the auctions almost every property had actually been … (0 comments)
Home Tourshttp://www.bakersfield.com/137/story/388543.htmlIn the Bakersfield Californian, there was a story about home tours. That is where an agent rents a bus or van and then takes a group of buyers out to look at houses. I have noticed a lot of activity lately, with buyers out there looking for bargains. Some are … (0 comments)
As one views all the advice on the Internet, television, radio and print media, it becomes obvious to a potential new home buyer that credit, credit scores in particular, are hugely important in the purchasing of Real Estate. Know your credit file. Address any errors and have inaccurate data removed prior … (2 comments)
Please contact us with your questions and comments 
***First Off, let me preface this by making something perfectly clear. No matter what program or product you are getting into to buy a home, I highly recommend making sure you have money (reserves) in the bank after your loan closes. Call it 'rainy day' money or whatever you want, you … (23 comments)
Please take the time to read and reflect on these stories!Mark www.markalkaseltzer.comOut of envy, I think our "friends" abroad sometimes lose their objectivity about how much good this country has done for them and the rest of the world. We, on the other hand, could be a lot craftier about how we … (0 comments)
You may have read some other posts on ActiveRain about mortgage rates in recent days/weeks wondering exactly what's going on and speculating on where we are headed. First I will reiterate that what the Fed does will not necessarily translate into what long-term interest rates like mortgages do. The end of … (4 comments)
With the mortgage market in disarray, many buyers will have to seek out VA or FHA loans to obtain financing. If you are in the military or a discharged Veteran, then chances are you qualify for a VA loan. VA loans provide 100% financing without MI (mortgage insurance). Traditionally, unless a … (1 comments)
Fort Myers, Florida has much to offer for those who enjoy the sun and the water. The Fort Myers areas boasts some of the best selection of beaches and best sunsets that Florida has to offer. With the Caloosahatchee River feeding into the Gulf, it is not too hard to find … (6 comments)
Strong words? I don't think so. 
Even with the "declining market" hoop to jump through here in beautiful, sunny Florida, people still need to buy and sell houses. While many are crying "poor me" for the slower market here and the tightening-up on the mortgage restrictions, there actually ARE still some good First-Time Buyer programs specifically for … (2 comments)
Good Morning! I have some great news out there for everyone. The news is regarding FHA and VA home loans, short-sales, foreclosures, and buyers in general.First I will touch on the FHA loan programs I have been part of in the past few months. I have several buyers who never thought they … (0 comments)
Equal opportunity for all qualified veterans. 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 of … (0 comments)
Are you a veteran looking to purchase a home? Have you used your VA benefits to their full extent? Please visit the link below to explore your benefits. If you have questions about VA lending, please feel free to email me or call me directly. CLICK HERE TO VIEW VA BENEFITS Dean Christiansen, … (0 comments)
Looking to purchase or rent in Dahlgren VA? Now is the time! Prices in King George have substantially decreased and the opportunity to use your VA loan is a great way to purchase. A few years ago we weren't using this option, my husband and I didn't either, with the conventional … (2 comments)
VA Loans with a NO closing cost option; I pay all the non-allowable fees! Now up to $1.5 Million!•· MCC! Which can also be combined with VA•· Stated income products still available•· Commercial Loans: All property types!•· 100% financing even for credit challenged borrowers with no points!•· FHA and Hawaiian Homelands … (3 comments)
We recently wrote this article and wanted to share it:VA-Veteran Home Loan Program-Your Key To Homeownership Many people are kept out of the housing market due to lack of sufficient down payment and/or funds available for closing costs. Yet these potential homeowners can afford to make a rental payment that would … (1 comments)
Veteran Administration Cooperative Loans From what we've been told: While the law did change to allow the Veterans Administration to ensure cooperative loans, the Government National Mortgage Association (Ginnie Mae) will not issue pass through certificates for cooperative loans even if insured by the Veterans Administration. Therefore, the lender is unable … (0 comments)
Wells Fargo Well Positioned in Current Mortgage Market
We've heard some rumblings that the credit scoring models were being updated and it seems like the change is starting to be made official.
2008 Veterans Compensation Tables
Hawaii Real Estate and VA Home Loans
Effective immediately, VA loans up to $1,500,000 may be eligible for purchase. Guaranteed loans to conforming conventional loan limits continue to be eligible under the existing guidelines.Additionally, the following requirements apply as indicated.VA loan amounts greater than the one-unit conforming loan limits, $417,150, but less than or equal to $700,000:• 30-year … (0 comments)
With the increased number of active military personnel due to the war in Iraq, applications for VA loans may be on the rise in the months and years to come. What is a VA loan? What are its benefits over traditional financing? Who qualifies? A VA loan is one that is backed by … (0 comments)
The Alaska Housing Finance Corporation has announced it will be issuing three separate bonds designed to reduce the interest rate veterans will pay on borrowed funds. See the press releae here. The AHFC Veterans Mortgage program was initiated in 1983 to provide qualified veterans a mortgage interest rate reduction through voter approved … (0 comments)
Tuesday's bond market has opened in positive territory as yesterday's buying seems to be carrying over to today. There was no relevant economic news scheduled for today, but early stock weakness is also contributing to this morning's gains. The stock markets are showing losses with the Dow down 46 points and … (0 comments)
How can a Realtor determine which Loan Officer is right for his/her book of business?
This is another blog post with information that is important to reviewing in your VA loan file.
The market that I'm in is located close to a military base. We have families moving in and out of our area on a regular basis. This is a good thing and this is a bad thing. We all know why it's good, people moving in need homes to buy. People moving out have homes to … (4 comments)
The VA Home Loan Process There are a variety of financing options available to future homebuyers, one of which is the VA Guaranteed Home Loan. The VA Guaranteed Home Loan is made available to eligible veterans and spouses by private lenders. If this is an option that you are interested in pursuing, … (1 comments)
Hello lenders and realtors I'm looking for information about FHA loans and VA, All I really know about is conventional loans. … (2 comments)
If you are writing a contract and want the seller to pay some of the buyers closing costs on a VA loan you must be very careful how you word your offer. On a VA deal there are a number of costs that the seller (or third party) must pay, they … (22 comments)
Mortgage ProgramsPrivate Sector®Conventional Loans - The only security guarantee is the value of the property. Conforming LoansConventional loans that follow the terms and conditions established by the guidelines of Fannie Mae and Freddie Mac.Fixed-Rate MortgageThe interest rate and the principal payments remain fixed throughout the loan. Keep in mind your monthly … (0 comments)
Here's the story, I am working with a couple who are first time home buyers and have been getting the run around for over 4 months now. They made an offer on a condo and it was accepted, this was to close in May, yes May. The sellers of the condo … (5 comments)
VA fixed mortgages offer 100% financing and the ability to roll in the VA funding fee for a total of up to 103% LTV. The biggest benefit of VA financing is 100% LTVs without traditional mortgage insurance. A funding fee does apply, but can be rolled into the loan amount. Eligibility … (1 comments)
by Michael Mapes, The Responsible Mortgage LenderMortgage Insurance takes many forms. It should not be confused with mortgage life insurance that pays the balance of thier mortgage in the event of the borrower's death, and it should not be confused with homeowner or hazard insurance that pays for physical losses to the … (3 comments)
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 … (2 comments)
Whether Active Duty, Prior or Retired Military moving to Waco or from Waco, I am here to help YOU!
Over several years of helping people with their real estate needs, I have never encountered a buyer purchasing with a VA Loan. Kind of strange as I am working in the state of Florida and I know we have thousands of brave veterans who have chosen Florida as their retirement location.
VA Loan Funding Fee Tables
MORE MORTGAGE TERMS:AMORTIZATION-The repayment method, term of the loan.ANNUAL PERCENTAGE RATE (APR)-The yearly rate of interest including fees and costs paid to get the loan.GOOD FAITH ESTIMATE-A written estimate of closing costs.HUD 1 SETTLEMENT STATEMENT-A form used at the loan closing to itemize the costs associated with the transaction.MORTGAGE INSURANCE (MIP … (0 comments)
The VA loan guarantee is absolutely awesome and a huge benefit for those who are eligible. The costs the borrower cannot cover can be paid by seller contribution and/or the mortgage broker (by refelcting them in the rate). Easy. Even the appraisal system is straighforward.
Friday's bond market as opened in negative territory as yesterday's selling carries over into today's trading. The stock markets are showing gains with the Dow up 45 points and the Nasdaq up 13 points. The bond market is currently down 7/32, which will likely push this morning's mortgage rates higher by … (0 comments)