Posts Tagged ‘va loans’
2025 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 2025 the conforming VA loan limit is $806,500. You can have a VA zero down loan over $806,500, it…
Read MoreVA 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…
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