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What type of home do you live in?


Have you or your spouse served in the military?


What is your credit score?

(Most people have "Good" credit)


Are you behind on your mortgage?


If you were to receive a cash offer for your house today, would you be interested in possibly selling?


Do you have $15,000 or more in debt?

Only include things like credit cards and unsecured personal loans.


About how much do you think your home is worth?

What is the remaining balance of your mortgage?


What is your current interest rate?

Estimations are fine.

4.5%
0% 7+%

What is your current loan type?


Who do you make your mortgage payment to?


Would you like to take cash out of your home's equity?


You can take cash out of your home’s equity.

How much would you like to take out? An estimation is fine.

$5,000

What is your employment status?

Unemployed

Can anyone on the loan verify their income?


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What type of home are you looking for?


Have you or your spouse served in the military?


What is your credit score?

(Most people have “Good” credit)


Do you have $15,000 or more in debt?

Only include things like credit cards and unsecured personal loans.


When are you planning to buy a house?


Estimated purchase price of your new home?


Do you currently own or rent?


Who do you make your mortgage payment to?


What is your estimated down payment?


Are you working with a real estate agent?


Have you found a home?


What zip code are you searching in?

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City*

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What is your employment status?

Unemployed

Can anyone on the loan verify their income?


We've prepared your value report for your home!

Enter your information for personalized results!

First Name*

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Last Name*

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What type of home do you have?


What type of home do you have?


Have you or your spouse served in the military?


What is the estimated value of your home?


Reason for Selling Your Home.


Are You Behind on Payments


What is your credit score?

(Most people have "Good" credit)


Estimated purchase price of your new home?


Are you working with a real estate agent?


When would you like to put your home on the market?


We've prepared your value report for your home!

Where would you like your results sent?

First Name*

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Last Name*

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Secondary Phone Number (Optional)


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IMPORTANT DISCLOSURES

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Resources:

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  • https://bosslegal.com/news-letter/
  • http://joenew.com/74-of-us-homeowners-now-have-at-least-20-equity-in-their-homes/
  • http://eyeonhousing.org/2017/03/home-equity-reaches-a-new-peak/
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What is "new" with the VA loan program for 2019?

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The VA loan program is not new, it has been around for years. What *is* new for 2019 is a few things that may help more Veterans get into VA loans or lower their interest rate if they currently have a VA loan. Here are just a few things that are "new" about the VA loan program in 2019:

2019 Loan Limits Announced - Same as FHFA Loan Limits

The 2019 Loan Limits (Effective January 1, 2019) for VA loans are the same as the Federal Housing Finance Agency's limits. Be sure to check your county for 2019 loan limits: http://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

VA does not set a cap on how much you can borrow to finance your home. However, there are limits on the amount of liability VA can assume, which usually affects the amount of money an institution will lend you. The loan limits are the amount a qualified Veteran with full entitlement may be able to borrow without making a downpayment. These loan limits vary by county, since the value of a house depends in part on its location.

The basic entitlement available to each eligible Veteran is $36,000. Lenders will generally loan up to 4 times a Veteran's available entitlement without a down payment, provided the Veteran is income and credit qualified and the property appraises for the asking price."

Lenders Expanding Guidelines

The VA does not lend money, it only insures the loan made by the lender against default. The VA has a set of guidelines that loans must meet, but lenders also have their own set of guidelines (often called overlays) that many may assume come from the VA.

One of the requirements for the VA loan program that many lenders have is a minimum credit score. A minimum credit score is not officially required by the VA.

While not all lenders may require a minimum credit score, many lenders will require a minimum credit score in order to qualify for getting a VA loan.

It is important to note that it is entirely possible that one lender would require a minimum 680 credit score and another would require a minimum credit score of 620 and a third a minimum of 580.

The trend seen among many lenders is the lowering of the minimum credit score they require. Some lenders don't even require a minimum credit score.

This means if you have been turned down for a VA loan in the past, it may be possible for you to get a VA loan now - even though you have the same credit score as when you were turned down.

Because different lenders have different credit score requirements, we encourage you to shop many different lenders.

Reports Say VA Loans Save You More Money

According to data being compiled by industry experts, Veterans who get a VA loan statistically pay less for their loan. According to Ellie Mae (a software company whose software is popular in the mortgage industry) VA mortgage rates routinely beat the market rates by three-eighths of a percentage point ... or more.

Other Related Important VA Loan Information:

VA Loan Fact Sheet

If you are a Servicemember or Veteran with a permanent and total service-connected disability, you may be entitled to a Specially Adapted Housing (SAH) grant or a Special Housing Adaptation (SHA) grant. http://www.benefits.va.gov/HOMELOANS/adaptedhousing.asp

Great Infographic about the SAH grant

Most popular questions and answers about VA loans: http://www.blogs.va.gov/VAntage/17636/top-questions-va-home-loans-housing-grants/

Still Have Questions?

If you still have questions about the VA loan program, the best thing you can do is speak with a licensed mortgage professional at a VA approved lender. Reminder - each lender may have slightly different guidelines so our best advice is to speak with multiple licensed mortgage professionals who work at different lenders.

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