Government Sponsored FHA Loans Now Available:

Do you have less than perfect credit? Millions of Americans have been able to attain a new mortgage or refinance an existing loan with the government’s FHA Loan program. Take the short survey to see if you’re eligible now.

Do you currently have a mortgage?

Choose your property type:


What is your current credit score to the best of your knowledge?

(Most people have "Good" credit)


Are you behind on your mortgage?


If you were to receive a cash offer for your house today, would you be interested in possibly selling?


Do you have $15,000 or more in debt?

Only include things like credit cards and unsecured personal loans.


What is your zip code?

Please enter a valid zip code (i.e. 90210)

City*

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State*

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Estimated Home Value


About how much do you still owe on your home?


Are you interested in taking up to $5,000 cash out?


Current Interest Rate

Estimations are fine.

4.5%
0% 7+%

Who do you make your mortgage payment to?


Current Loan Type


Have you or your spouse served in the military?


What is your employment status?

Unemployed

Can anyone on the loan verify their income?


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First Name*

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Last Name*

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E-mail Address*

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Phone*

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Street Address*

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City*

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State*

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Zip Code*

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Choose your property type:


What is your current credit score to the best of your knowledge?

(Most people have “Good” credit)


What is your zip code?

Please enter a valid zip code (i.e. 90210)

City*

Please complete this field.

State*

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Do you currently own or rent?


Who do you make your mortgage payment to?


How much would you like to borrow?


Down Payment


Are you working with a real estate agent?


Have you found a home?


What zip code are you searching in?

Please enter a valid zip code (i.e. 90210)

City*

Please complete this field.

State*

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When do you plan on moving in?


Have you or your spouse served in the military?


What is your employment status?

Unemployed

Can anyone on the loan verify their income?


Do you have $15,000 or more in debt?

Only include things like credit cards and unsecured personal loans.


Great News! Your results are ready to view.

Enter your information for personalized results!

First Name*

Please fill out this field

Last Name*

Please fill out this field

E-mail Address*

Please enter a valid email address

Phone*

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Secondary Phone Number (Optional)

Street Address*

Please fill out this field

City*

Please fill out this field

State*

Please fill out this field

Zip Code*

Please enter a whole number (i.e. 90210)

IMPORTANT DISCLOSURES

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Resources:

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  • https://bosslegal.com/news-letter/
  • http://joenew.com/74-of-us-homeowners-now-have-at-least-20-equity-in-their-homes/
  • http://eyeonhousing.org/2017/03/home-equity-reaches-a-new-peak/
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What is "new" with the VA loan program for 2019?

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The VA loan program is not new, it has been around for years. What *is* new for 2019 is a few things that may help more Veterans get into VA loans or lower their interest rate if they currently have a VA loan. Here are just a few things that are "new" about the VA loan program in 2019:

2019 Loan Limits Announced - Same as FHFA Loan Limits

The 2019 Loan Limits (Effective January 1, 2019) for VA loans are the same as the Federal Housing Finance Agency's limits. Be sure to check your county for 2019 loan limits: http://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

VA does not set a cap on how much you can borrow to finance your home. However, there are limits on the amount of liability VA can assume, which usually affects the amount of money an institution will lend you. The loan limits are the amount a qualified Veteran with full entitlement may be able to borrow without making a downpayment. These loan limits vary by county, since the value of a house depends in part on its location.

The basic entitlement available to each eligible Veteran is $36,000. Lenders will generally loan up to 4 times a Veteran's available entitlement without a down payment, provided the Veteran is income and credit qualified and the property appraises for the asking price."

Lenders Expanding Guidelines

The VA does not lend money, it only insures the loan made by the lender against default. The VA has a set of guidelines that loans must meet, but lenders also have their own set of guidelines (often called overlays) that many may assume come from the VA.

One of the requirements for the VA loan program that many lenders have is a minimum credit score. A minimum credit score is not officially required by the VA.

While not all lenders may require a minimum credit score, many lenders will require a minimum credit score in order to qualify for getting a VA loan.

It is important to note that it is entirely possible that one lender would require a minimum 680 credit score and another would require a minimum credit score of 620 and a third a minimum of 580.

The trend seen among many lenders is the lowering of the minimum credit score they require. Some lenders don't even require a minimum credit score.

This means if you have been turned down for a VA loan in the past, it may be possible for you to get a VA loan now - even though you have the same credit score as when you were turned down.

Because different lenders have different credit score requirements, we encourage you to shop many different lenders.

Reports Say VA Loans Save You More Money

According to data being compiled by industry experts, Veterans who get a VA loan statistically pay less for their loan. According to Ellie Mae (a software company whose software is popular in the mortgage industry) VA mortgage rates routinely beat the market rates by three-eighths of a percentage point ... or more.

Other Related Important VA Loan Information:

VA Loan Fact Sheet

If you are a Servicemember or Veteran with a permanent and total service-connected disability, you may be entitled to a Specially Adapted Housing (SAH) grant or a Special Housing Adaptation (SHA) grant. http://www.benefits.va.gov/HOMELOANS/adaptedhousing.asp

Great Infographic about the SAH grant

Most popular questions and answers about VA loans: http://www.blogs.va.gov/VAntage/17636/top-questions-va-home-loans-housing-grants/

Still Have Questions?

If you still have questions about the VA loan program, the best thing you can do is speak with a licensed mortgage professional at a VA approved lender. Reminder - each lender may have slightly different guidelines so our best advice is to speak with multiple licensed mortgage professionals who work at different lenders.

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