No Money Down OR – WA – CA

Archive for November, 2009

USDA and VA Loans Read More

In my continuing endeavor to answer peoples questions about loans and lending, today, I have picked a question that has several things involved with it, a cash out refinance of a VA Guaranteed Home Loan. Again, the question comes from My FHA Mortgage Blog and hopefully will answer questions for several people facing the same issue. Read More

I am going to be answering some questions that are coming up on My FHA Mortgage Blog over the next few weeks either here or on one of my other two blog sites, FHA Loans and Eugeneloanguy. I am hoping that by answering questions posed by the public we can get better information out there than what we have been seeing on the internet. There are a lot of myths and fallacies on the internet, just take a look at this post to see what I am talking about. This particular question has to do with closing costs and a USDA loan. I hope this series helps. Read More

Our USDA Guaranteed Home Loans are underwritten by our in-house underwriting staff, but after it is approved through our staff underwriters, the loan then must be forwarded to USDA for their approval of the loan, since they are the ones guaranteeing the loan. This is similar to what happens when a mortgage insurance company requires loans to be submitted to and approved by them prior to insuring the loan. Read More

Since today is Veteran’s Day, I thought I would do a short post about VA Guaranteed Mortgage Loans. We have all heard about the Golden Rule as we were growing up, “Do unto others as you would have them do unto you.” However, when talking about mortgage lending, this time specifically VA Guaranteed Mortgage Loans, the Golden Rule is, “He with the gold makes the rules.” Read More