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What repairs does VA loan require? If the total cost of repairs is $ 500 or less, the work should not be completed until an insurer has conditionally approved the loan. If the total cost of repairs is greater than $ 500, the work should not be … [Continue reading] about Is it difficult to get a VA home loan?
Can a seller refuse FHA loan? Yes, the seller can refuse an FHA loan offer from a home buyer. You may decline an offer that does not meet your needs or expectations. Housing discrimination, on the other hand, is prohibited by law. FHA loans are … [Continue reading] about What is the downside of a FHA loan?
Is an FHA loan easier to get? FHA loans are generally easy to qualify for, with a minimum score of 580 to qualify for a 3.5% minimum payment. If your credit score is 500 to 579, you may qualify for an FHA loan with a 10% down payment. ... In any … [Continue reading] about FHA Mortgage
Don't Take a No for an Answer In the vast majority of cases, inexperienced loan officers or strict overlays are the reason for being denied a VA loan. If your lender is not approved to make a manual subscription on a VA home loan, you can tell that … [Continue reading] about Do you pay closing costs with a VA loan?
What will go wrong in a VA appraisal? In general, any visible health or safety concern will be a problem on a VA evaluation report. You will not be able to close a home until these issues are resolved. In some cases, sellers are willing to cover the … [Continue reading] about What is the purpose of a VA loan?