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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?

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 [...]

2021-06-16T16:31:58+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 [...]

2021-05-29T02:22:36+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

VA Loan Eligibility: Credit Score, Loan Amount & Military Type

Dealing with the VA and all of their processes can be frustrating, and that when you add finding a home, and getting the best mortgage to that list, things can get out of hand very fast. But here's the thing: Figuring out your VA loan eligibility doesn't have to be a complicated process and once you figure it out, all VA lenders will follow the same guidelines. In today's post I am going to go over what requirements you have to meet to become eligible for your VA loan. I will also discuss how to apply for your certificate of [...]

2021-06-16T16:14:12+00:00By |VA|Comments Off on VA Loan Eligibility: Credit Score, Loan Amount & Military Type

VA Home Loan Qualifications And Options: Credit Score – VA Loan Limits – VA Loan Options

Many active duty service members and veterans know that there is a VA program available to help finance their home loan with a zero-down payment.   However, VA loan eligibility can be confusing and even intimidating to some.   Multiple factors will determine if you will qualify for a VA home loan and we hope to remove the confusion of what is required for you to qualify for your zero-down home mortgage.  We will discuss VA eligibility in regard to your credit score, VA loan limits and what VA loan types are available to you in this article.  [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length [...]

2021-05-29T02:26:09+00:00By |VA|Comments Off on VA Home Loan Qualifications And Options: Credit Score – VA Loan Limits – VA Loan Options

VA Mortgage Calculator Guide: How To Use It To Save You Money!

VA loans are one of the best options to finance a home. But, when you’re house shopping, figuring out how much you can borrow is a crucial first step. A VA loan mortgage calculator can help you answer your most pressing question, “How much house can I afford?” But it can do so much more than that, too. Imagine finally understanding: The long-term impact of your interest rate How to afford “more” house How a  larger down payment can impact your loan The true cost of property taxes and homeowners insuranc That’s right… A mortgage calculator for a VA loan [...]

2021-06-16T21:22:23+00:00By |VA|Comments Off on VA Mortgage Calculator Guide: How To Use It To Save You Money!

Refinance VA Loan to Conventional: How it Works and When it Makes Sense

VA loans are one of the best financial benefits available to veterans. They have many benefits, including no down payment, flexible underwriting guidelines and no mortgage insurance. Millions of veterans use the program. But sometimes, a conventional loan makes more sense for veteran borrowers. If you’ve already got a VA loan, you may want to switch to a conventional loan.How does that work? And when does it make sense?Great questions.This guide will walk you through how to refinance a VA loan to a conventional loan and when it makes sense to do it. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { [...]

2021-03-31T00:51:19+00:00By |VA|Comments Off on Refinance VA Loan to Conventional: How it Works and When it Makes Sense

Is a Conventional Loan Better Than a VA Loan?

Deciding between a VA and conventional loan when you’re a veteran seems like a no-brainer, right? No money down and no mortgage insurance with a VA loan sounds like the best deal. But wait… The decision might not be so easy. While a VA loan is good, sometimes a conventional loan makes more sense for veterans. To help you decide, we’ve got the guide right here. Let’s answer the question of Is a conventional loan better than a VA 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); [...]

2021-03-25T22:25:52+00:00By |VA|Comments Off on Is a Conventional Loan Better Than a VA Loan?