va loan: VA NO MONEY DOWN HOME LOAN - NO PMI FLORIDA
- 11/02/13 04:02 AM
VA loans are often made without any downpayment at all. Aside from the veteran's certificate of eligibility and the fact that the appraiser is assigned by VA, the application process is not much different than any other type of mortgage Bay to Bay Lending is approved for automatic processing and a buyer's loan can be processed and closed by the lender without waiting for VA's mortgage approval of the credit application or for VA to review the appraisal. Bay to Bay Lending is able to use VA recognized automated underwriting systems, such as Loan Prospector and Desktop Underwriter, to facilitate the underwriting process. FIVE EASY STEPS … (1 comments)
VA LOAN BENEFITS Lower Payments - Competitive rates and no private mortgage insurance requirement mean low monthly payments Zero Down - VA home loans don't require any money down at closing - a benefit that almost no other loan can offer. Easier to Qualify - VA home loans are designed to have easier approval for the unique situations military families face Great for 1st Time Homebuyers - VA home loans are a great option for first-time homebuyers Millions Qualify for VA Loans - In general, a service member is eligible … (0 comments)
va loan: Government Shutdown and Mortgage Processing
- 10/03/13 12:35 AM
Below is some information on how the government shutdown is impacting what we do. Most importantly is the fact that on all conventional, VA, FHA, and USDA – guidelines require lenders to pull IRS tax transcripts to ensure what an applicant is reporting for income matches that of what they report to the IRS. The IRS is currently not processing these requests. If you have deals in process either as the listing or buyers agent, check with your lenders to ensure these were done prior to the shutdown. If they were not please be aware they will not be processed until … (2 comments)
VA loans are often made without any downpayment at all. Aside from the veteran's certificate of eligibility and the fact that the appraiser is assigned by VA, the application process is not much different than any other type of mortgage 
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