So you’ve started shopping for a new home. Maybe you’re upgrading from an apartment to that very first single-family residence, or perhaps you’re looking to...
Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value, but finding 100% financing for building a new home is really tough. Luckily, there is the option of VA construction permanent loans. This is a combination of a construction loan along with a VA permanent closing. Therefore, …More →
VA home loans are one of the best options available for buyers. They provide potentially 100% financing, affordable housing payments, and flexible guidelines for those that qualify. But, in order to use this valuable home buying tool, one of the borrowers must have sufficient VA entitlement. The amount of entitlement available is a key factor …More →
The popular definition of a primary residence in residential mortgage lending is that the home is within a “reasonable daily commuting distance to work”. There are situations where a homebuyer may travel a long distance when commuting to work yet still call a home over a normal commuting distance from their home or primary residence. …More →
If you were a fly on a wall in my office, you would hear me say several times a day, this little known fact that accounts for 30% of a borrower’s credit scores! 30% of a person’s credit score is based on balances reported for revolving accounts like credit cards or lines of credit, compared to the …More →
Sound to good to be true? This can be done by a Veteran, active service member, or qualified surviving widow of a service member purchasing a new home with a VA home loan! These days if someone wants to rent out their current home and then purchase a new primary residence, most programs require either …More →