Latest Articles

Eligibility Requirements

Understanding Basic VA Loan Eligibility Requirements & your Certificate of Eligibility The 4 Basic requirements for VA loan eligibility 1. Valid Certificate of Eligibility (COE) 2. Must have suitable credit 3. Must have adequate income 4. Must meet minimum property requirements details of  getting your coe Here are some basic qualification requirements set forth by […]

Funding Fees

Understanding the VA Funding Fee updated for 2020 So if you are not receiving compensation for a service connected disability, then the VA charges you a funding fee for the privilege of using their loan. Don’t worry, you do not have to pay it out of pocket, it is rolled into your loan. For example, […]

2nd Tier Entitlement

2nd tier entitlement is where you use your VA benefits for a 2nd time concurrently. Yes, the VA will allow you to use 2 VA loans at once. Lets take a deeper look at how it works. There are 3 important things that must happen to use 2nd tier entitlement. You must have sufficient VA […]

VA Max Loan Amounts

The VA actually does not have a maximum loan amount. I have personally made VA loans over $1M. However, currently if you are wanting to borrow anything over the current maximum loan amount as set forth by the Federal Housing Finance Agency (FHFA) the VA requires a down payment of 25% of the difference. In […]

Common Misconceptions on Va Loans

Here are some common misconceptions I hear all the time on VA Loans. Debunking myths one at a time in this video. Veteran guaranteed qualified One-time use The VA makes loans Appraisals are a nightmare Needs inspections Bunch of red tape Snags in UW VA Loan Educational Video Series Home Page Part 1: VA Loan […]