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What Credit Score Do You Need for a VA Home Loan for $300,000, $325,000, $350,000, and $375,000

A VA loan is an excellent option to get the home of your dreams. It streamlines the path to homeownership for military members and their families.If you’re worried about your credit score, we have good news.Even though your credit score plays a big role in your interest rate...It shouldn’t hold you back from getting a VA loan. ​And we’re here to help you figure out what credit score you need to get the best VA loan for $300,000, $325,000, $350,000, and $375,000 mortgages. [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); [...]

2021-01-14T04:38:58+00:00By |VA|Comments Off on What Credit Score Do You Need for a VA Home Loan for $300,000, $325,000, $350,000, and $375,000

Best VA Loan Rates By Credit Score In 2021

Looking for a home is very time consuming and finding the right loan can be paramount to buying your home and closing on time. But did you know: Finding the best va loan rates can be easy when you know your credit score, how it will affect your rates and ways to increase your credit score for lower rates. Today I will go over the minimum credit score for a VA loan, the different VA loan rates by credit score, as well as a few tips on how to increase your score and get approved for VA home loans. If [...]

2021-01-14T04:34:14+00:00By |VA|Comments Off on Best VA Loan Rates By Credit Score In 2021

Millennial Veterans Looking To VA Loans Due To Lower Down Payment In 2021

Millennial homebuyers are looking for ways to lower the down payment needed to buy a house, leading many to consider a VA home loan. The program is backed by the Department of Veterans Affairs. It helps to level the playing field toward homeownership for veterans, service members and eligible family members. And it’s working. After all, VA loans let you get into a house with zero down. That’s why it’s no surprise that the VA backed 1.2 million loans in fiscal year 2020. It’s the first time in the history of the 76-year program that it’s guaranteed more than 1 [...]

2021-01-14T04:34:16+00:00By |VA|Comments Off on Millennial Veterans Looking To VA Loans Due To Lower Down Payment In 2021

2021 VA Loans Lower Down Payment – Benefits Gen Z Veterans

Low down payments are one of the many benefits of buying a home with a VA loan. It’s one of the reasons they’re popular among Gen Z homebuyers. A VA loan can get you into your new house with a zero down payment. The Department of Veterans Affairs backs the loan program. It’s available to veterans, service members and eligible family members. With no down payment required, it’s no surprise that the number of VA loans given to Gen Z is going up. And we’ve got good news: Here at the Wendy Thompson Lending Team, we’re experts in VA loan eligibility. [...]

2021-01-14T04:34:20+00:00By |VA|Comments Off on 2021 VA Loans Lower Down Payment – Benefits Gen Z Veterans

[STUDY] Veterans Who Don’t Shop Around Pay Higher VA Mortgage Rates

VA loans are an excellent option for veterans looking to become homeowners. VA loans backed by the Department of Veterans Affairs should save veterans thousands of dollars. But a study conducted by Own Up, a mortgage technology firm, found that veterans who don’t shop around could spend thousands of dollars more than necessary on a VA loan. Don’t Pay Higher Rates for Your VA Loan In the data, Own Up found a difference of 1.25% between the highest and lowest APR rate lenders charged veterans. Think that doesn’t sound like much? Let’s put it into perspective. A $250,000 loan at 3% [...]

2021-01-01T01:46:38+00:00By |VA|Comments Off on [STUDY] Veterans Who Don’t Shop Around Pay Higher VA Mortgage Rates

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 [...]

2021-01-14T04:34:53+00:00By |VA|Comments Off on How Has COVID-19 Affected VA Mortgage Financing?

FHA Loan Tennessee Requirements For A Mortgage (2021)

Like most government-backed programs, FHA loans in Tennessee can be tricky to navigate. Besides meeting eligibility requirements, TN FHA loans have borrowing caps that can vary greatly. For instance, you can borrow up to $356,362 for a home in the mountain town of Gatlinburg. But in Nashville? Your borrowing power goes to $586,500. Rather than get lost in the red-tape, call the Wendy Thompson Lending Team. We’re a #1 rated mortgage lender in Tennessee, and we’re here to help you get the keys to your new home. Here’s what you need to know about Tennessee FHA loan requirements, loan limits, [...]

2021-01-29T05:18:40+00:00By |FHA|Comments Off on FHA Loan Tennessee Requirements For A Mortgage (2021)

FHA Loan California Requirements For A Mortgage (2021)

California FHA loans come with red tape that can make the process confusing. But it doesn’t have to be that way. From guiding you through the mortgage loan requirements to putting it all together to get you into your dream home, the Wendy Thompson Lending Team can make it happen. How much home you can buy depends on where you're buying it. You could borrow up to $822,375 for a home in San Francisco near Mission Dolores Park. But in Fresno? Your California FHA loan limit is only $356,362. Here’s what you need to know about FHA requirements in California, [...]

2021-01-29T05:06:56+00:00By |FHA|Comments Off on FHA Loan California Requirements For A Mortgage (2021)

FHA Loan Limits for 2021

If you’re thinking of buying a house with an FHA loan, we’ve got good news for you: FHA loan limits for 2020 have gone up! That means you have a bigger budget when shopping for a house. But there’s a catch: FHA loan limits not only vary from state to state, but they can vary by individual county, too. If you’re looking for a home loan, here’s what you need to know about FHA loans and how much you can borrow.[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); [...]

2021-01-11T23:15:51+00:00By |FHA|Comments Off on FHA Loan Limits for 2021

FHA Loan New York Requirements For A Mortgage (2021)

Tracking down the details for an FHA loan in New York isn't always easy. Different FHA loan limits vary by county, and that can put a cap on your borrowing ability. Luckily, you can rely on the Wendy Thompson Lending Team. We’re a top-rated FHA lender, and we know the ins and outs of New York FHA loans. Whether you’re looking for a home in New York City, where the FHA loan limit is $822,375, or you prefer cities like Rochester or Buffalo in upstate New York, where you can borrow up to $356,362, we can help you get your [...]

2021-01-29T04:57:10+00:00By |FHA|Comments Off on FHA Loan New York Requirements For A Mortgage (2021)