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?
What are the pros and cons of a VA loan? ProConNo participationVA funding feeNo PMIThe VA funding fee increases after the first useHigher allowed DTIThe loan could exceed the market valueCredit flexibilityFor primary housing only Why shouldn't … [Continue reading] about What is VA in mortgage?
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 … [Continue reading] about VA Mortgage