Can You Use an FHA Loan If You Already Own a House

Buying a second house when you already own one isn’t something FHA loans typically allow, but there can be 2nd FHA loan exceptions. At the Wendy Thompson Lending Team, we can help you get a second FHA loan as a second-time homebuyer. Here’s what you must know. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ window.attachEvent("message", function(event) { if( event.data.length >= 22) { if ( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } [/tcb-script] Can You Get an FHA Loan If [...]

2021-09-03T15:15:05+00:00By |FHA|Comments Off on Can You Use an FHA Loan If You Already Own a House

Top 7 Reasons VA Loans are Good for Buying Your First Home

Buying your first home is thrilling! But it can also feel overwhelming — between finding the right home and the right financing, the process can make anyone’s head spin.But veterans have a distinct advantage.So, if you’re a veteran of the military, we have great news for you: Your VA home loan benefit is one of the best ways to secure financing on your first home. At the Wendy Thompson Lending Team, we love working with VA loan first-time buyers because of the amazing benefits we know they’ll get.Here’s why you should consider a VA loan. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= [...]

2021-09-03T15:12:29+00:00By |VA|Comments Off on Top 7 Reasons VA Loans are Good for Buying Your First Home

How Has COVID-19 Affected VA Mortgage Financing?

If you’re thinking of getting a VA home loan, you’ve got to read this. The coronavirus pandemic has caused home sales to soar despite the increase in home sales prices in some parts of the country. And we see the impacts on VA mortgage financing, too. Here’s why: Interest rates are at historic lows... Banks are changing procedures… Lenders are busier than ever… Added together, it makes a difference in how you apply for and secure a VA mortgage. Here at the Wendy Thompson Lending Team, we love to help our veterans. After all, who better deserves to achieve the [...]

2021-06-16T16:15:27+00:00By |VA|Comments Off on How Has COVID-19 Affected VA Mortgage Financing?

FHA Loan Requirements 2021: Check Your State

Are you looking to buy a house? It’s an exciting time, to be sure. But it’s a lot of work. Finding the perfect home is hard enough. You must also deal with FHA lenders, gather financial paperwork, and jump through hoops to meet all the FHA loan requirements. Before you throw your hands up in despair, know that we’re here to help. The Wendy Thompson Lending Team is like a breath of fresh air. We’ll help you figure out your FHA loan eligibility and check all the boxes to get you into your new home. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { [...]

2021-06-16T16:11:33+00:00By |FHA|Comments Off on FHA Loan Requirements 2021: Check Your State

Best FHA Loan Rates with 600-630 Credit Score

If you’re ready to buy a house, you need to figure out the loan process. An FHA loan that’s backed by the Federal Housing Administration is an excellent option if you’re in the market for a new home.One big question that comes up time after time is, “How does my credit score affect my rate?”>>  Click here to check your credit score now.  (Soft pull)If you’ve tried to find rates for your credit score that’s 630 or less, you’ve probably hit a brick wall.Why don’t lenders just give it to you straight?I’m glad you asked!Because here at the Wendy Thompson [...]

2021-07-27T23:49:24+00:00By |FHA|Comments Off on Best FHA Loan Rates with 600-630 Credit Score

The hidden cost of renting & waiting to buy

As a renter or first time home buyer, it’s easy to look at home ownership as potentially expensive.You’ve got home maintenance, insurance, repairs, landscaping and any number of things which may require money to maintain.But here’s the thing that almost NO ONE REALIZES:When you rent, there is a cost involved in waiting.And it’s a HUGE number.Way bigger than you think.That’s why I bought a home as early as I could. And it’s why I’ve encouraged MY OWN children to buy their first home’s as early as possible.It’s the COST OF WAITING!Forget hundreds, or even thousands of dollars.When you do the [...]

2021-08-17T23:55:24+00:00By |Homebuyer|Comments Off on The hidden cost of renting & waiting to buy

Best VA Loan Rates for 600 to 630 Credit Score (Plus Approval Tips)

Buying a home is stressful enough, let alone trying to find a mortgage when your credit score is 630 or less.To make matters worse, most VA lenders won't give you ballpark rates!(They all want your personal info)Not here!In this article, you can get sample VA rates and monthly payments based on your credit score from 600 to 605, 610, 620, 625, and 630.We'll also discuss practical tips on how to increase your credit score quickly and how this can greatly benefit your pocket book.Note: VA loan rates vary greatly based on your state, down payment, and credit score.  Our recommendation for the most [...]

2021-07-27T23:54:38+00:00By |VA|Comments Off on Best VA Loan Rates for 600 to 630 Credit Score (Plus Approval Tips)

Best VA Loan Rates with a 680 to 710 Credit Score

Finding the best VA loan can be stressful with a credit score of 680 to 710.  You know your score is decent, but can you actually get a really low loan rate in this credit range? The problem? Other lending sites won't show you any sample quotes! ... they only want your personal info! Not at the Wendy Thompson Team.  We'll show you exactly what you want... sample VA loan rates. We understand the process can feel overwhelming, but we will alleviate many of those fears and questions in this article as we explain how you can get the best VA loan [...]

2021-05-29T02:22:36+00:00By |VA|Comments Off on Best VA Loan Rates with a 680 to 710 Credit Score

Best VA Loan Rates with 640-670 Credit Score

Every family deserves a home, especially our military families and veterans. But the home buying experience can be frustrating. Especially when you want to see ballpark rates at your current credit score of 640 to 670, and no VA lending site will show them to you! (All they care about is getting your personal info). Not at The Wendy Thompson Team! We show you exactly what you want.  Not only will we will show you the Best VA Loan Rates by Credit Score for scores of 640, 645, 650, 655, 660, 665 to 670, but we'll also show you how [...]

2021-05-29T02:24:34+00:00By |VA|Comments Off on Best VA Loan Rates with 640-670 Credit Score

Current VA Mortgage Rates: Best 30 Year Fixed Interest Rates

*Please note that effective April 3, 2020, we are no longer able to accept loans from applicants with a credit score below 640.  Please visit our friends at My Credit Guy for help improving your credit score. Buying a home can be an overwhelming experience. There’s so much to do! One thing you can check off your list is worrying about current VA mortgage rates. The Wendy Thompson Lending Team has your back! Some lenders lure you in with the promise of better VA loan rates and pull the rug out from under you at the last minute. You won’t [...]

2021-05-29T02:29:10+00:00By |VA|Comments Off on Current VA Mortgage Rates: Best 30 Year Fixed Interest Rates
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