VA Cash-Out Loans to 100% “Loan To Value” (LTV) with 500 Credit Scores: What You Need to Know
A VA loan with 100% Loan-to-Value (LTV) cash-out refinance allows eligible veterans and service members to refinance their existing home loan and take out cash from their home’s equity. Here are the basics: What is a VA Cash-Out Refinance? A VA cash-out refinance replaces your current mortgage with a new one, allowing you to take…
Read MoreVA Loans for 500 Credit Scores: What You Need to Know
VA loans with 500 credit scores means you may have to meet the VA Manual Underwriting guidelines VA manual underwriting basics with a 500 credit score; 24 months’ rent history is a must Cancelled checks Third-Party Management Company Private Party Verification Rent-free living with family Credit Report History No late payments in the past 12…
Read MoreHow to Improve Your Chances of Getting a VA Loan with a Low Credit Score
The VA technically does not have a minimum credit score in their underwriting guidelines. However, improving your credit score can result in a better interest rate and lower closing costs. Tips and strategies for boosting credit scores to increase eligibility for VA loans. Keep your credit balances low and payments on time If you do…
Read MoreTransform Your Space with These Cool Summer Home Improvement Ideas
Summer is the perfect time to refresh and revitalize your home. Whether you’re a homeowner looking to upgrade your space, a DIY enthusiast eager for a new project, or an interior design lover searching for inspiration, this guide offers exciting ideas to make your home both functional and fabulous. Here, we’ll explore innovative ways to…
Read MoreBeat the Heat and Save Money this Summer – Smart Tips for Cutting Down Home Utility Bills
Summer’s here, bringing long sunny days, outdoor fun, and unfortunately, higher utility bills. For homeowners and renters alike, keeping cool without overspending on water and electricity can be a real challenge. But don’t worry! We’ve got you covered with practical tips to help you save on home utilities during the summer heat. In this blog…
Read MoreWhat’s your Loan Goal…
In life you need to have goals. What’s the goal… Run a marathon, start a business, have a positive impact on the word. All great goals that you will more than likely seek guidance from an expert who can help you achieve those goals. What about the goal of owning a home, that is where…
Read MoreZero Down Purchase Loan
Down payment keeping you from home ownership? Well, this product can help! Zero Down Purchase is a down payment assistance program that allows borrowers to receive a 3% loan up to $15,000. You will have no required monthly payment on the second lien and the second lien does not accrue interest. The second lien is…
Read More2024 Loan Limits for FHA Mortgages
2024 Loan Limits for FHA Mortgages FHA – Closed on or after Jan 1st 2024: For calendar year 2024, the Department of Housing and Urban Development (HUD) announced the following maximum first mortgage loan limits that will apply to FHA loans with case numbers assigned on and after January 1, 2023 through December 31, 2024:…
Read More2024 Loan Limits for Conventional Mortgages
Conventional – Loans closed on or after Jan 1st 2024: The Federal Housing Finance Agency (FHFA) has issued the following maximum first mortgage loan limits that will apply to conventional loans for acquisition by Fannie Mae / Freddie Mac with a note date on and after January 1, 2024. 2024 Conventional Loan Limits Units Conforming…
Read More2024 Zero Down VA home loans with NO upper Loan Limits
Started in 2020 VA will no longer require a down payment on a house because the value is higher than the conforming loan limit. Zero Down VA loans NO loan limit Jan 1st 2020. Jan 1st 2024 conforming loan limit is $766,550. You buy a house for $1,200,000+ with your VA eligibility and it is…
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