Tips & Special Topics
VA Mortgage Loan Qualifications
The Facts About the Restoration of Entitlement for VA Loans: An article defining the process of restoring entitlement for veterans wishing to obtain a VA Loan.
If a veteran has used his/her VA entitlement on a VA guaranteed mortgage loan, there may be “more” entitlement available, or, if the loan has been repaid, it could be restored. One of the greatest benefits of a VA loan is that the entitlement can be restored to purchase ... Read More
Qualifying for a VA Loan after Foreclosure: Qualifying for a VA mortgage is possible after suffering a foreclosure. The VA home loan program has very specific guidelines when a borrower has a foreclosure history.
A frequent question among borrowers is whether they can qualify for a VA Loan after suffering a foreclosure on a previous mortgage.
The VA Home Loan Guaranty Program’s qualifying guidelines are very clear when it comes to a borrower with foreclosure history. Since repayment practices on past ... Read More
Debt-to-income, Residual Income and Credit Qualifications for VA Loans: The VA Home Loan Programs enable qualifying veterans to buy a home with no money down. Qualifying standards include debt-to-income ratio, residual income and FICO scores.
The VA Home Loan Program enables a qualifying veteran to purchase a primary residence with no money down. When qualifying for a VA Loan, a VA-eligible borrower must show the lender that he or she has the ability to pay. The VA qualifying standards include income debt-to-income ratio, ... Read More
