From the category archives:

Buying A Home

VA Loan Limits For 2010

Many inexperienced loan officers will tell you that the maximum VA Loan limit is $417,000 across the country. This is simply not the case. The VA works like any other government entity and makes concessions based on the reported cost of living and housing expenses for any given area.
The attached document is the complete 2010 [...]

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The Ultimate Guide To Understanding Your Good Faith Estimate

by themightyquin

This video was made and designed to work with the article “Rate Shopping for a VA loan.”
If your serious about getting a great loan then you need to understand two things: first, how to shop for a loan. Second, how to read a good faith estimate. And lucky for you, everything you [...]

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VA County Loan Limits

by themightyquin

VA Loan Limits Nationwide

If your wondering what the VA loan limits are for your county we took the liberty of posting the complete list here.
P.S. Some conservative banks will not honor these posted VA loan limits. They prefer to lend using their own guidelines which every bank is free to do. Take these figures [...]

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Don’t buy a manufactured home until you read this!

by themightyquin

VA Loan Manufactured Home Financing
Are you thinking about purchasing a manufactured home using your VA loan benefits? If so, read this entire article before you do ANYTHING!
Trust me when I tell you I understand the benefits of buying a new manufactured home. In most cases they are made better, are more energy efficient, and [...]

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Our VA Loan Guarantee

by themightyquin

Your satisfaction is of the utmost importance to us at the VA Loan Store so we offer this unprecedented money back guarantee.
We stand behind our service, rates, and pricing so you can sleep well knowing you have made the most intelligent mortgage decision.
We Will:
• Take full responsibility for our actions and be honest at all times
• Ask [...]

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VA Mortgage Eligibility Rules

by themightyquin

General Rules for Eligibility
Military Service Requirements for VA Loan Eligibility:
Note: Applications involving other than honorable discharges will usually require further development by VA. This is necessary to determine if the service was under other than dishonorable conditions.
Wartime – Service During:
WWII: 9/16/1940 to 7/25/1947
Korean: 6/27/1950 to 1/31/1955
Vietnam: 8/5/1964 to 5/7/1975
You must have at least 90 days [...]

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Loan Officer or Realtor: Who Do You Get First?

by Vikki P.

This sounds like a chicken or egg question but should you get a loan officer or a real estate agent first? Let’s break it down to help you decide:
Realtor first! Believe it or not, real estate agents would want you to start with them. A realtor would help you get to the right track and [...]

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Good Faith Estimate 101 for Veterans

by themightyquin

One of the most important things that every veteran should know is how to evaluate a Good Faith Estimate or GFE. A good faith estimate is not just a verbal quote of how much you are going to pay but it is actually a document required by the Real Estate Settlement Procedures Act (RESPA).
If you [...]

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To Pay or Not to Pay? The VA Loan Funding Fee

by Vikki P.

For guaranteed loans, the law requires the borrower to pay the VA Loan Funding Fee. A veteran will be asked to pay this upfront during the final stage of the loan application process. Though VA home loans provide veterans a no-money-down benefit, a veteran is asked to pay the VA Funding Fee as a [...]

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VA Loan Appraisals – Everything you need to know and more

by Toni

A VA appraisal is a critical step in funding a VA loan. Let’s examine the appraisal process and highlight the key points every veteran should understand.
Don’t try to order your own VA appraisal!
The VA lender is responsible for ordering the appraisal. This process normally takes place just after the borrower has submitted their entire loan [...]

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