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VA Loan Requirements: Income, Credit, & Documents to Qualify

*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 house is both exciting and frustrating. Figuring out the VA loan requirements is key to sailing through the lending process and getting into your new home. How can you do it? Well, it isn’t magic. All VA lenders have the same rules for VA loan eligibility. Here at the Wendy Thompson Lending Team, we love VA loans because they’re designed to help [...]

2020-05-10T09:59:48+00:00By |VA|Comments Off on VA Loan Requirements: Income, Credit, & Documents to Qualify

5 Best VA Mortgage Calculators: Navy Federal, USAA & More

*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. If you’re shopping for a VA mortgage, you’re probably asking yourself the same question again and again. How much can I borrow? Well, you’re in luck. A VA mortgage calculator can help you figure out how much house you can afford. There’s just one catch. A VA loan calculator doesn’t tell the whole story. Though VA mortgages are backed by the US Department of [...]

2020-05-06T21:05:32+00:00By |VA|Comments Off on 5 Best VA Mortgage Calculators: Navy Federal, USAA & More

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 [...]

2020-05-06T21:05:09+00:00By |VA|Comments Off on How Much is the VA Funding Fee and Do You Have to Pay It?

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 find any tricks here.We’re only interested [...]

2020-05-10T09:54:15+00:00By |VA|Comments Off on Current VA Mortgage Rates: Best 30 Year Fixed Interest Rates

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 630.We'll also discuss practical tips [...]

2020-04-22T14:12:32+00:00By |VA|Comments Off on Best VA Loan Rates for 600 to 630 Credit Score (Plus Approval Tips)

Best VA Loan Rates By Credit Score In 2020

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 you want [...]

2020-04-22T14:19:06+00:00By |VA|Comments Off on Best VA Loan Rates By Credit Score In 2020

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 [...]

2020-01-18T17:34:49+00:00By |VA|Comments Off on VA Home Loan Qualifications And Options: Credit Score – VA Loan Limits – VA Loan Options

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

Many people talk about all of the conditions that must be met for VA loan eligibility.   There are multiple conditions that an active service member or veteran must meet.   But, the first step is obtaining your VA loan certificate of eligibility, aka COE.   We know that this can be intimidating.  There are a lot of moving parts but in this article, we will simplify it and make this process as simple as possible.   We will walk you through how to obtain your VA loan certificate of eligibility and what forms the VA requires you to provide to prove you served or are serving in [...]

2020-01-18T17:36:11+00:00By |VA|Comments Off on How To Obtain Your VA Loan Certificate of Eligibility (COE)

Four Most Common Service Time Requirements: VA Home Loan Eligibility

If you have ever tried to figure out whether you are eligible for a VA home loan, then you know it can be very confusing because of all the different scenarios that may make you eligible based on your service time.   We are going to alleviate most of that confusion by laying out all the different ways you can become eligible for a VA loan so you can quickly find whether you qualify or not.   In this article we will review VA loan eligibility based on the four most common service-related conditions: active service during wartime, active service during peacetime, [...]

2020-01-18T17:37:16+00:00By |VA|Comments Off on Four Most Common Service Time Requirements: VA Home Loan Eligibility

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 eligibility and the general [...]

2020-04-22T13:35:37+00:00By |VA|Comments Off on VA Loan Eligibility: Credit Score, Loan Amount & Military Type