ARCHIVED BLOG POSTS
2012
3
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The Department of Veterans Affairs recently posted the VA loan guaranty limits for 2013. In some cases the guaranty limit, established by county and updated on a yearly basis, remains the same. In other cases that limit may increase or decrease depending on market conditions and other factors. Wi...
12/18/2012
3
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A reader asks, "I am working with my good friend and VA buyer. The VA has denied the loan do to the fact that the appraiser is calling for removal of the septic. We have provided two certs to the appraiser and the VA proving it needs not to be replaced." "Another reason for her calling for remova...
12/17/2012
The Department of Veterans Affairs has released the VA maximum loan guaranty limits for 2013. What does this mean for new VA loan applicants? According to VA Circular 26-12-12, borrowers should note the difference between the concept of a “maximum loan amount” and a maximum loan “guaranty amount....
12/16/2012
1
Comments
We've had reader questions recently on VA down payment requirements, and there's also a pending update to VA loam maximum guaranty limits for 2013. While at the time of this writing those maximum guaranty amounts have not been made public, it's only a matter of weeks before they are published. Wh...
12/13/2012
Some house hunters are happy to do the looking. They go neighborhood to neighborhood looking for "for sale"signs in the area they want to live, and make inquiries. Others do their searching online or with the help of local real estate guides. Still others get the help of a real estate agent, or c...
12/12/2012
When buying a home, there are fees and expenses the borrower must pay as a standard part of the home loan process. For VA loans, those fees include the VA loan funding fee, appraisal fees, compliance inspection fees where applicable and other expenses. For some types of VA loans, some fees might ...
12/12/2012
Many borrowers and soon-to-be VA loan applicants are concened over negotiations related to the fiscal cliff. News headlines are full of stories about how certain tax breaks--including deductions for mortgage interest--could be threatened depending on which way fiscal cliff negotiations go in Wash...
12/11/2012
A reader asks, “What does my credit have to be to acquire my VA loan? I and my wife both served during wartime. Also how much would I need as a down payment?” VA loans are approved based on many things–your credit score, employment history and other factors all figure in. While credit score is a ...
12/10/2012
A reader asks, “I never used my veteran home loan and want to move out of the country to Central America, namely Panama.” “Is there any way I can use the certificate there? It will be a primary home if I can do it, and still keep the one in AZ. I entered Army in CA. Never used those benefits at ...
12/09/2012
A reader asks, "I am wanting to purchase a farm with my VA loan, the property has a residence where I will live. Is this possible? I have heard many different things. Any help would be great. Thanks. The Department of Veterans Affairs does specifically address farm loans in its rules and informat...
12/06/2012
Rainmaker
475,098
475,098
Bruce Reichstein
FHA / VA One-Time Close Loans - Nationwide