(214) 872-2188
VA Loan
- VA Loan:
- Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Here’s how it works:
- No Fico requirement by VA, however some lenders do.
- Minimum Fico 550 with automated approval or manual underwriting
- No VA loan limits if you have full entitlement
- No Down payment or Mortgage Insurance
- Automated approval and Manual Underwriting.
- 2yrs out of foreclosure, Ch7, Short sale or Ch 13 allowed if 12 months payments on time and court approval
- Joint VA loans allowed
- Can use your VA entitlement more that once
- VA Interest Rate Reduction Loans available
- VA Cashout out 1 and 2
- VA Renovation Loans
- VA One Time Construction Loan
