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Va Loans for Vets provides and assists all veterans and active duty military with ALL of their VA Home Loan Financing Needs. Be a proud homeowner today. For more details call us at 480-351-5904 or visit our site http://www.valoansforvets.com/\n\nVA Loans for Vets\n7702 E. Doubletree Ranch Road, Suite 220\nScottsdale, AZ 85258\nPhone: (480) 351-5904\nEmail: jimmyv@fcbmtg.com - PowerPoint PPT Presentation
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Since its inception, more than 20 million people have utilized the VA guaranteed home loan program to help them afford a home loan at favorable rates.
If you’re wondering how to get a VA loan and whether these loans are difficult to acquire, read more about this helpful program for veterans:
Rather, the loan money is provided by many types of lenders, who participate in the program and know its requirements.
If you are looking for a mortgage for a new home, always ask the lender if they participate in the VA guaranteed home loan program.
Many institutions have special departments or specially-trained personnel to help apply for these loans.
Lenders with trained personnel that work with the VA home loan program can easily acquire this document.
However, in some cases, the applicant must fill out a DD form 26-1880 or other form online or by mail to receive the document.
Lenders generally require applicants for the VA guaranteed home loan program to have a credit score of 620 or above.
This requirement is to ensure that you are able to repay the loan and have a record of repaying your debts.
You will have to provide documentation regarding your income in order to assure the lending body that you can repay the loan.
This information can be in the form of W-2s from your place of employment, two years of past income tax forms if you are self-employed, as well as receipts from your military pension or other sources of income.
These fees can vary, depending on the division of the military service and how often you use your entitlement benefit.
That is, the government will guarantee payment of the loan calculated using the amount of your basic entitlement, which is currently set at $36,000.
However, a bonus entitlements may also apply that may allow you to get a home loan up to $417,000, or more, depending on the area.
An appraiser must physically visit the property and determine its market value, based on the structure itself, as well as other homes in the area.
The VA provides a list of minimum property requirements that must be included in the appraisal report.
These requirements include adequate living quarters; whether it is a residential and not commercial property; electrical and water systems in good working condition and other details.
If the property does not appraise at the value of the selling price, the buyer may have to re-negotiate the sale.
He served in the United States Marine Corps, and now devotes himself to the Veteran home buyer in the Phoenix area, fulfilling a passion of his while at the same time helping others achieve home ownership.
For more details call 480-351-5904 or visit the site
www.valoansforvets.com
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