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Archive for November, 2009
VA underwriting guidelines vs. Lender Overlays
November 2nd, 2009 | 
Author: Although most home buyers don’t understand the difference between a VA underwriting guideline and a lender overlay, that difference can be huge in determining if they can purchase a home. There are a lot of very interesting changes in lending happening currently. Many people get confused in exactly what is a VA Guaranteed Home Loan? Basically, it means that VA Guarantees that the loan will perform, it does not mean that VA is loaning the money for the home loan, thus the start of the misunderstanding. Read More
Posted in 100% Financing, Eugene/Springfield, Mortgage Loans, Purchase loans, VA Cash Out Refinance, VA IRRRL Mortgage, VA Mortgage Loans, VA Rate Reduction Refinance | 
Tags: 100% cash out refinance, air force reserve, army reserve, certificate of eligibility, Cottage Grove, credit score, Creswell, ddform214, eugene, Junction City, manufactured home loans, marine reserve, military active duty, national guard, navy reserve, springfield, VA Guaranteed Mortgage Loans, Veneta | 
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