Some first-time home buyers are misinformed as to the workings of a VA Loan. The Veterans Administration does not normally act as a lending agent. Instead, the VA is in the business of guaranteeing the loans of veteran. In most cases, the VA offers a guaranty to those who meet the requirements, the first of which include a good credit rating.

If you are considering any kind of home loan, it's best to consult a credit counselor and to find out what credit rating you already have and what you can do to improve your credit rating before applying for the guaranty.  This is why we do all of our credit counseling and repair internally.  Many external companies are non-necessairly acting in your best interest.  Don't get me wrong, most do but there are a few that do not and almost all of them do not know what is required to obtain a VA Mortgage other than loosely described "good" credit.

Finally, It's important to know that a VA home loan guaranty is available only if the veteran has the income to handle house payments. A VA loan guaranty is not an automatic benefit. Your credit counselor can go a long way towards helping you prepare your personal finances before filling out that home buyer's paperwork.

To speak with a credit counselor or to obtain your VA loan pre-qualification contact our office at 832-519-0695.

For additional information feel free to contact me directly @ (832) 519-0695) or email me @ henry@GoToEquityMortgage.com