What repairs does VA loan require?Contents 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 completed until the lender issues a ready to …

Is it difficult to get a VA home loan? Read More »

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 you are not approved without further explanation …

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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 cost of essential repairs instead of losing …

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What are the pros and cons of a VA loan?Contents Pro Con No participation VA funding fee No PMI The VA funding fee increases after the first use Higher allowed DTI The loan could exceed the market value Credit flexibility For primary housing only Why shouldn’t you get a VA loan? Yikes! Lower interest rates …

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Well, you know there are closing costs on VA loans, but what if you can’t or can’t close those costs? The most common way to close these funds is by paying seller-paid closing costs and VA sales concessions. Remember, the seller is NOT required to pay the buyer’s closing costs. What does the VA loan …

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