OVM News | OVM Financial - Lending Redefined
May 25, 2018

VA Builder ID is Required When Buying New Construction Using a VA Loan

These days, new construction subdivisions are popping up everywhere. With the limited housing inventory in most markets on top of the much-improved economy, there is an obvious desire for more housing.  Military Veterans are no different. Active military, Veterans, and […]
May 21, 2018

Here’s Why You Should Choose A Local Lender For Your Home Purchase

Buying a home is not something to take lightly. It is a huge decision, so why would a buyer or Realtor® use an online, call center lender? This leads the buyer on a goose chase. They may end up talking to […]
May 14, 2018

Understanding the VA Loan Statement of Service Letter

Service members, military Veterans, and qualified surviving spouses have the benefit of the Veterans Administration home loan. VA home loans offer up to 100% financing, flexible guidelines, affordable payments, and can be used multiple times. One of the most popular process […]
May 14, 2018

Myth Buster: A VA Appraisal is NOT a Home Inspection

The VA appraisal process and the report itself get a bad rap, and they are often misunderstood. A topic we want to clarify is the misunderstanding that the Veterans Administration requested appraisal is a VA home inspection when it is not. First, there’s […]
May 14, 2018

30 Quick and Simple Lifestyle Changes to Save Up a Down Payment on a House

Although buyers have several low to no down payment options these days, it is still smart to save before making a home purchase. Whether saving for down payment, asset reserves for loan approval, or pay off debts for qualification, there […]
May 7, 2018

Disabled Veterans May Qualify for Free Property Taxes

Military Veterans have sacrificed so much for our country. Because of this sacrifice, some Veterans have military-related disabilities. These disabilities may include physical ailments, mental illness, and financial difficulties. Therefore, the state and federal government provide special discounts or assistance […]
May 4, 2018

Did You Know That a VA Cash Out Refinance Allows Access to Home Equity?

A recent study by Black Knight Data & Analytics states that “As home prices continued their upward trajectory at the national level, the amount of tappable equity available to homeowners with mortgages continued to rise as well.” This study defines […]
May 3, 2018

Mortgage Rates and an Improving Economy – How It Impacts You

The news has been circulating for a while. How many times will the Fed raise rates this year? Should I lock in a mortgage rate now? How is the job market doing? Are housing prices going up? No one has […]
April 6, 2018
Va Renovation Loan

VA Renovation Loan Helps Veterans Buy a Fixer Upper

Military veteran buyers have access to possibly one of the best loans in the US. The VA Renovation Loan provides very affordable financing and typically, it is a no money down purchase. Just imagine this: A Veteran finds a home in the perfect neighborhood […]