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Pre Qualified Vs Pre Approved Mortgage

Shopping for a home can be tedious. Besides trying to find your dream house, there’s getting a pre qualified vs pre approved mortgage.I can hear you now… Isn’t being pre qualified the same as being pre approved?It turns out they're both very different.One is a good indication of creditworthiness and an estimate of what you can afford. And the other? Well, that’s one step closer to approval and can make it easier to buy a home.What is the Difference Between Pre Qualified vs Pre Approved? When considering a pre approval vs pre qualified mortgage, a pre qualification is the first step [...]

2021-01-29T20:43:59+00:00By |Mortgage|Comments Off on Pre Qualified Vs Pre Approved Mortgage

Best Loan Rates for VA Loans from $200,000 to $500,000

Best Loan Rates for VA Loans from $200,000 to $500,000Veterans of our military who served our country deserve nothing but the best.And that includes low mortgage interest rates. Fortunately, the Wendy Thompson Lending Team is a top-rated VA lender. We can get you the most competitive rates you’ll find anywhere.We know what it takes to secure the best rates and terms for your VA home loan. [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, [...]

2021-01-29T21:04:54+00:00By |VA|Comments Off on Best Loan Rates for VA Loans from $200,000 to $500,000

VA Loan Closing Costs: How to Calculate the Funding Fee in 2021

If you’re looking for a home, you’re in for a treat. VA loans have some of the best terms available, including the ability to buy a house with no down payment. But you still must consider VA loan closing costs.Some borrowers worry about the VA funding fee, but it’s not as bad as you think. And the VA loan experts at the Wendy Thompson Lending Team can help. We’re going to tell you what the funding fee is and how to calculate it. But that’s not all…There are ways to lower the funding fee or get out of paying it altogether. Keep reading to [...]

2021-02-24T03:06:02+00:00By |VA|Comments Off on VA Loan Closing Costs: How to Calculate the Funding Fee in 2021

How Much is the VA Funding Fee and Do You Have to Pay It?

*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. A VA loan is an excellent option to buy a home. It lets you get into a house without making a down payment. There’s one catch. Most borrowers who take out a VA loan must pay a VA funding fee. So now you’re wondering: How much is it and do I have to pay? There’s good news: The fee is a one-time cost. But [...]

2021-01-14T04:43:30+00:00By |VA|Comments Off on How Much is the VA Funding Fee and Do You Have to Pay It?

USAA vs Navy Federal for VA Loans: Costs, Service, Alternatives

Getting a VA loan is a fantastic option for military members and their families. Picking a lender to work with is a crucial step. In fact, it’s the most important decision you’ll make. Two of the best options to consider are USAA vs Navy Federal for VA loans. Is one right for you? Here at the Wendy Thompson Lending Team, we know what it takes to get you into a new home. That’s why we’re looking at both options to give you a rundown of the eligibility requirements, costs, service, and alternatives. No tricks. No empty promises. We’re only interested [...]

2021-01-14T04:36:51+00:00By |VA|Comments Off on USAA vs Navy Federal for VA Loans: Costs, Service, Alternatives

Best VA Interest Rate Reduction Refinance Loans (IRRRL)

Let’s say you already have a VA home loan, but you want to lower your monthly mortgage payment or shorten the repayment period. But you don’t want to miss out on any of the benefits of having a VA loan. What can you do? The answer is simple. What you need is a VA streamline refinance. And it’s possible with a VA Interest Rate Reduction Refinance Loan. Whew. That’s a mouthful! So we’ll call it a VA IRRRL (pronounced “Earl”) instead. [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); } }, [...]

2021-01-14T04:37:49+00:00By |VA|Comments Off on Best VA Interest Rate Reduction Refinance Loans (IRRRL)

VA Loan Credit Score Requirements

​Even though VA loan eligibility is more lenient than other mortgage programs, your credit score is still a big deal.How do I know?Because one of the most common questions we get is:What’s the minimum credit score required for a VA loan? But here’s some good news: Meeting the credit score requirements is easier than you might think. ​Here’s what you need to know about how your credit history can affect your VA loan, and what to do if you’ve had a bankruptcy or foreclosure. [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 = [...]

2021-01-14T04:39:48+00:00By |VA|Comments Off on VA Loan Credit Score Requirements

How To Obtain Your VA Loan Certificate of Eligibility (COE)

VA loans are an excellent option for Vets (and surviving spouses) who want to buy a home. The good news is that you can shop for a VA lender without having a VA loan certificate in hand.But if you’re serious about buying a home?You’ll need a VA home loan Certificate of Eligibility.Luckily, it isn’t rocket science.It’s pretty easy to get if you know what you’re doing. And one thing is for sure.Here at the Wendy Thompson Lending Team, we know what we’re doing.We’re in the business of helping Vets make their dream of homeownership come true. Here’s what you need [...]

2021-01-14T04:40:53+00:00By |VA|Comments Off on How To Obtain Your VA Loan Certificate of Eligibility (COE)

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

*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 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 [...]

2021-01-14T04:45:58+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 [...]

2021-01-14T05:00:37+00:00By |VA|Comments Off on Best VA Loan Rates with a 680 to 710 Credit Score