va home loans: How To Get a VA Approval for Your Condominium Complex - 05/27/10 09:02 PM
California veterans have extraordinary opportunities to purchase a home using their VA home loan benefits.  Veterans can purchase a home or condominium, with no down payment, up to certain loan limits.  The hitch is that the condominium complex must "pass muster" with the VA.  If you're considering a condominium that isn't VA-approved, this article is for you.
ALSO READ: Understanding The VA Home Loan Approval Process
The key component to the VA condominium complex approval is the Attorney’s Opinion Letter.  Essentially, the VA relies on the expertise of an independent attorney to evaluate the condominium documents and offer an opinion as … (4 comments)

va home loans: Three Tips To Help You Present an Offer To Purchase With FHA or VA Financing - 12/21/09 12:49 PM
If VA home loans and FHA mortgages are great for buyers, why won't sellers accept them?  Debbie Rumsey suggested as much when she commented on my post about VA condo complex approvals, here on Active Rain.
Here is how real estate agents can debunk seller-held myths and get an FHA or VA offer accepted:
The low down payment requirement means less skin in the game
We can't debunk this because it's factual.  What we can do is show the seller that the borrower has an automated underwriting approval and furnish income and asset documentation to support that approval.  What this does … (16 comments)

va home loans: Three Words To Save California's Economy - 03/04/09 02:02 PM
California REALTORs can be heroes with three simple words;
DID YOU SERVE?
One in ten Californians, between the ages of 21 and 55 are eligible for a VA Home Loan.
DID YOU SERVE?
VA loan limits, for zero-down home loans, in five Northern California counties go as high as $1,094,000
DID YOU SERVE?
California's economy is tanking but we, the REALTORS and lenders of California, can right this ship and stabilize this housing market, one house at a time.  We can spread the word about houses that were once out of reach but now are affordable with three simple words...
DID … (32 comments)