DirectVALoans
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8 selected videos
Can I get a VA loan if I have bad credit?
Can bad credit be a deal breaker for VA borrowers in qualifying for a VA loan? The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, Can I get a VA loan if I have bad credit? VA lenders review several factors when determining if a borrower is qualified for a VA loan. For veterans with a bad credit history, a common belief they might have is that they cannot qualify for a VA home loan because their credit is not good enough. Complete credit histories,...
Related topics : va home loan bad credit / loan bad credit lender / va home loans / bad credit debt loan
What rate can I get on a VA loan?
With a VA mortgage the number that concerns most veterans is their interest rate. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, What rate can I get on a VA loan? VA home loan rates, like any mortgage rates, can change on a daily basis. Veteran home loan rates tend to move up and down with conventional rates. VA borrowers will generally find VA loan rates to be close to nationally posted conventional rates. Interest rates offered to veteran...
Related topics : home va loans interest rates / home va loan rates
How does my credit score affect my VA loan interest rate?
Many VA loan borrowers wonder if their interest rate is tied to their credit score. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, How does my credit score affect my VA loan interest rate? With many conventional loans the rate you receive is directly tied to your credit score. The VA home loan program doesnt on a tiered rate structure based on credit score. From the VAs perspective, anybody qualified for a VA mortgage is eligible for the best...
Related topics : home va loans interest rates / credit score loan rate / home va loan rates
What are the income requirements for VA loans?
VA mortgages, like all loans, have certain income qualifying requirement. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, What are the income requirements for VA loans? The income qualifying requirements for VA loans are established by the VA. The debt-to-income ratio for veterans home loans is 41%. So, if a veterans monthly debt obligation is not greater than 41% of his income, a VA lender can consider a veteran home loan. Other factors to be...
Related topics : va home loan requirements / mortgage loan debt to income ratio / va home loans / home credit loan requirements
What types of homes are eligible for VA loan financing?
What type of home is financeable under the VA Loan Guaranty Program? The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, What types of homes are eligible for VA loan financing? When it comes to being financeable, specific guidelines must be met before a home can be financed with a VA home loan. New and previously owned single family homes are eligible if a VA-approved appraiser determines they are safe and livable. But when it comes to condos and...
Related topics : va home loans / mortgage va loan / va new homes
Can I get a jumbo VA loan?
Jumbo VA loans are available to veterans with enough income to make the house payments. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, Can I get a jumbo VA loan? A VA jumbo loan is any home loan over $417,000. You will find two types of these loans: loans in counties where the conforming loan limit is $417k, and loans in counties where the conforming loan limit is more than $417k. In a county where the loan limit is $417,000 a jumbo loan will...
Related topics : va home loan requirements
Am I eligible to apply for a VA Loan?
VA mortgage eligibility has to do mostly with a veterans duration of service. The http://www.directvaloans.com VA loan FAQ video series addresses the commonly asked question, Am I eligible for a VA Loan? There are four numbers to remember when it comes to VA eligibility and whether a veteran is qualified to apply for a veteran home loan: 2 6 90 181. The 2 represents active duty personnel and honorably discharged veterans with two years of active duty. The 6 represents the National Guard or...
Related topics : home va loan / mortgage va loan
VA Refinance Benefits for Military Service Personnel
The VA streamline rate reduction, VA cash out, and va debt consolidation refinance programs have helped put countless veterans and active duty personnel and their families in a better financial situation. DirectVALoans.com continues to be an important VA home loan information resource for anyone seeking to know more about the programs.
Related topics : home va loan rates
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