VA Underwriting Guidelines
VA underwriting guidelines will help you understand VA
requirements. Is a VA loan right for you? There may be better
loans, ... you decide. This site is also very detail focused so real
estate professionals will also find value here.
If you are a Veteran I suggest you also review the
information on www.mortgageunderwriters.com. That site will give you
an overall view on the loans available in the mortgage industry today.
I say this because I am a Veteran (U.S. Navy). We purchased our
first home using a VA loan. But, that was years ago and there were
not available the loans that are on the market today. We had no
other option because we had no money to put down. Our credit was
good and our income was very good (thanks to our Navy training) but there
were no loans requiring less than 5% down. That was $8,000 for us back in
1984. That was a lot of money then.
Today, you are blessed. There are many loans on the market for
you to choose from and many of those loans are easier to qualify for than
a VA loan. A VA loan is a great loan, no money down, but qualifying
for it is close to the same as any other conforming loan. A VA loan is strict
on appraisal requirements and the documentation requirements may seem
overwhelming.
This web site will soon contain more information than you ever wanted to
know about VA loans guidelines. Until then, visit the site above as it
does cover some of the VA guidelines. If you have something specific
you can send me an email.
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