va home loans: VA Home Loan Minimum Credit Score Requirements
- 12/06/17 08:31 AM
Veterans who have eligibility for a VA Home Loan need to understand the “essence” of the credit requirements set out by the Veteran’s Department. The VA Doesn’t make these loans, they simply guarantee that if the lender meets the underwriting guidelines in approving a VA Home Loan, then the Veteran’s Administration will insure the Bank against potential future losses. And that’s where things get tricky, because the VA doesn’t require a “set” credit score. VA Home Loan minimum credit score requirements don’t really exist, and so it is up to the lender to look at the credit history and the pattern of paying … (0 comments)
va home loans: Buying an Older Home with a VA Loan
- 11/01/17 08:39 AM
Many of the Veteran’s buying a house in North Carolina want to use their VA Home Loan benefits to buy a house that’s a little further out, has some land and in some cases is “older.” The VA does not have a restriction on the actual age of a home they will ensure with a VA Loan. So, buying an older home with a VA Loan is very acceptable.
There are some minimum property requirements that you will need to look through, and the home must meet the local and NC State building codes (which is expected). You’ll also want to check the … (2 comments)
va home loans: VA Loan Tips, Requirements and VA Loan Rates 2014
- 07/29/14 04:03 AM
Veterans who are interested in buying a new home in 2014 are in luck! The mortgage interest rates are still very low, and the price of housing in North Carolina is very affordable. There are predictions that VA Loan Rates 2014 will go as high as 5% before the end of the year! Because of Legislation pending in Congress, some predict VA Loan Rates will be above 5% before the end of September! VA Loan Rates 2014 The current VA Loan Rates for a 30 year mortgage in NC is lower than a Conventional Loan! The Veteran home loan rate today is … (1 comments)
Johnston County biased blog dedicated to providing information about FHA, VA mortgages, USDA home loan and conventional mortgage loan information for Smithfield, Clayton, Benson, Wilson Mills, Dunn, and other parts of Johnston County. Highly experienced mortgage loan officers with best rates in the area!
Veterans who have eligibility for a VA Home Loan need to understand the “essence” of the credit requirements set out by the Veteran’s Department. The VA Doesn’t make these loans, they simply guarantee that if the lender meets the underwriting guidelines in approving a VA Home Loan, then the Veteran’s Administration will insure the Bank against potential future losses. And that’s where things get tricky, because the VA doesn’t require a “set” credit score. VA Home Loan minimum credit score requirements don’t really exist, and so it is up to the lender to look at the credit history and the pattern of paying … (0 comments)
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