What do Lenders Look for in Self-Employment Income? Posted on January 25, 2019 by JMcHood You need income to qualify for a mortgage unless you are a self-proclaimed millionaire that can live off your savings. Luckily, lenders allow a large variety… Read More
What is a VA Hybrid Loan? Posted on December 21, 2018 by JMcHood You have a lot of decisions to make when you take out a VA loan. Of course, you must decide on a loan amount, but you… Read More
VA Funding Fee Exemption for Disabled Veterans Posted on December 14, 2018 by JMcHood Veterans have the benefit of securing 100% financing for their home purchase with a VA loan. That benefit does come at a cost, though. They must… Read More
FHA Loan vs VA Loan: How They Benefit First-Time Home Buyers Posted on December 7, 2018 by JMcHood Veterans looking to buy their first home have many decisions to make including the type of financing they want. If you served enough time in the… Read More
How to Deal With VA Loan Appraisal Repairs Posted on November 30, 2018 by JMcHood The VA loan has flexible guidelines, except when it comes to the appraisal. The VA has specific Minimum Property Requirements a home must meet in order… Read More
How Long do I Have to Occupy my VA Loan Home? Posted on November 23, 2018 by JMcHood If you use VA financing to buy a home, you agree to occupy it as your primary residence. Generally, this means occupying the home within 60… Read More
What Documents do you Need to Get Pre-Approved for a VA Mortgage? Posted on November 16, 2018 by JMcHood If you are thinking about shopping for a home, there’s one document sellers and realtors want to see from you – the pre-approval letter. Get Matched… Read More
Is Mortgage Insurance Required for VA Loans? Posted on November 9, 2018 by JMcHood VA loans have a large number of benefits including no down payment requirements. But one of the largest benefits they have is the lack of mortgage… Read More
How to Get a Condo VA Approved Posted on November 2, 2018 by JMcHood Buying a condo may make financial sense, especially if you are trying to keep your mortgage payment low. If you are a veteran and plan to… Read More
What Happens When a Veteran Defaults on a Loan? Posted on November 2, 2018 by JMcHood If a veteran defaults long enough on a VA loan, it goes into foreclosure, just as any other loan would. But it doesn’t happen as quickly… Read More