There are many ways in which a getting a divorce can have an impact on VA loans.
VA Mortgage
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VA Mortgage
Many veterans today are wondering whether or not they can get a VA loan if they have recently been through a foreclosure. Fortunately, the VA qualifying guidelines do allow for veterans and military personnel to qualify for a VA loan after a foreclosure, but with some restrictions.
VA Mortgage
If you’re wondering whether or not you can get a VA loan after a recent bankruptcy, you’re not alone. With the recent economic recession just barely behind us, many veterans and military personnel are now in the position of looking for a new mortgage after having gone through a bankruptcy.
VA Mortgage
In order to apply for a VA loan you will need a Certificate of Eligibility, or COE for short. There are different steps required to receive a Certificate of Eligibility depending on your personal situation and branch of the military.
VA Mortgage
A very common question related to VA refinancing is whether or not you can get a refinance on a VA loan if you are currently upside down on your mortgage. The answer is that you can!
VA Mortgage
Any eligible applicant of a VA mortgage loan is required to pay a VA Funding Fee unless of course they are exempt. This fee is passed directly from the lender to VA and deposited into a pool. The funds collectively make up the insurance or guarantee pool.
VA Mortgage
When an eligible current or ex-servicemember needs to purchase a home for their own personal use, they can obtain a VA Guaranteed loan from a bank, mortgage lender, or savings & loan company, depending on the circumstances.
VA Mortgage
The amount of time it takes for a VA mortgage approval varies depending on the amount of volume the lender has at that moment.
Mortgage
The FHA 203k loan allows you to purchase one of these properties and roll the cost of the repairs into the loan. The loan allows you to use the “after improved value” so the construction money can be rolled in the loan then draws are made for the improvements with the end being one loan with a great low FHA rate!
203K Full, Mortgage, Mortgage Programs
The 203k Renovation Loan is a great way to purchase a new home in need of repairs or renovate your current home. Think of it as a one-time-close construction loan but with more relaxed standards because it’s insured by FHA. below are some of the highlights and some useful information but to discuss your unique situation or to apply please give me a call today.
Mortgage
In case you haven’t caught the news, home loan rates have done it again, dropping to their lowest level…ever. Not only has the 30 Year Fixed rate returned to its lowest all time level, rates across the board are at their lowest levels.
Mortgage
Zero-down home loan programs in Texas are few and far between these days, but one that remains available might be of interest to you – especially given some changes that make it more accessible.
USDA Guaranteed Rural Development loans offer 100% financing with no monthly Private Mortgage Insurance. While there are some geographic limitations for this program, if you are interested in eligible properties, you should take notice.
Credit, Mortgage
If you have had to declare bankruptcy in Texas you are not ineligible for a mortgage loan. For the most part it’s just a matter of time before you can qualify for a loan. Generally speaking you need about 3 years from the time the bankruptcy was discharged. During that time it’s important to work on rebuilding credit and keeping your trade lines current.
Mortgage
Buying a home vs. renting in Texas is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and potential tax advantages.
Mortgage
If you are in the market for a new home but need some money for down payment, closing costs, etc then you may qualify for a grant from Rockwall County
Credit
While credit repair in Texas is necessary for some, it’s not the only way to increase your credit score
Mortgage
Grand Prairie and Rockwall Counties in Texas have loan and grant programs to help home buyers with their purchases.
Credit
Secured credit cards are an optimum way to start rebuilding your credit scores. You want a minimum of two credit cards and/or secured credit cards. The more credit cards you have the more opportunities to add points to your scores as long as you manage those cards effectively.
203K Streamline, Mortgage Programs
If you’ve been passing up buying a home in Texas because it requires cosmetic repairs and you are lacking the funds for repairs and/or upgrades FHA has a program for you. Not to be confused with FHA’s full 203K program, a Streamlined 203K loan eliminates much of the paperwork and simplifies the process to obtain rehab funds.
Mortgage
These days everyone is looking for a deal, especially with the amount of foreclosed homes on the market. I would like to take a moment to share with you a few programs that will allow you to purchase your home with $100 down or less.
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