VA loans are my passion. I am a trained VA Loan Specialist and love to educate military borrowers about their VA options.
Some basic information regarding VA Loans:
0% Down and Seller Can Pay Loan Closing Costs- Many VA borrowers can buy a home for less than renting. You've fought for all of us to experience the American Dream of home ownership so I want to make sure you know about the benefits you've earned.
Qualifying - You may have eligibility from the VA but you still must qualify with acceptable credit history, income and assets in order to be approved for a VA guaranteed (insured) loan.
VA Loan - VA "guaranteed" loan simply means that if your loan goes into default, VA will pay off the your mortgage loan company and they will resell the home. You are STILL liable to VA for the remaining balance.
Eligibility - You may be active-duty or prior military, just be prepared to provide either a Statement of Active Duty letter or DD214 so we can order your Certificate of Eligibility for you.
You will not be eligibile if you've been dishonorably discharged.
Certificate of Eligibility - We order this online with a very quick turn-time. Your loan size depends on your eligibility amount. If you have full eligibility available and your credit/ income/assets are acceptable, you may qualify for a VA loan (in Texas) up to $417,000.
Jumbo VA loans - In Texas, this is anything over $417,000. Typically the down payment is 25% of the sales price over $417,000 assuming you have full eligilibity available and your qualify based on credit/income/assets.
Multi-Unit Properties - VA loans must be a primary residence although they can be a single unit, duplex, tri-plex or even a four-plex.
Acreage - In some cases, you may qualify for a VA loan on a home with a large acreage.
Texas Vet Loans - These are a fantastic option, especially for those in the Reserves, National Guard or our service-related disabled military men and women. These are state bond loans and the Texas Veteran's Land Board sets the rates on a weekly basis.
Interest Rates - These are not set by VA but are market rates. As with all mortgage rates, they may vary slightly from one lender to another, generally based on the level of service and ability to get you closed on time. Rates change on a daily basis and vary with what's commonly called an "origination fee" or "discount point" ie as costs go up, rates go down. Sometimes it makes sense to buy down the rate and sometimes it doesn't. I'm an analyst and I can help you determine what best fits your situation.
VA loans are pretty simple and quick to close -They do require a clear Pest Inspection on every loan and the appraiser technically has up to 10 days to appraise the property but we consistently close VA loans in 30 days or less.
Questions are free....the right answers? Priceless!
Call me! 210-845-4695
or Apply Here
