No Money Down OR & CA » military active duty

VA Loans Excellent Choice for Jumbo Purchases

Fred Chamberlin — Tue, 19 Jan 2010 22:16:48 +0000

How can you buy a home in the Eugene or Springfield are that is priced over $500,000 with less than 20 per cent down? One of the best ways, to my thinking is a VA Guaranteed Home Loan. I know that most often we think of VA loans as not requiring a down payment and that is true if the purchase price/loan amount is below $417,000 in Eugene/Springfield, Lane County Oregon. That changes when you purchase a home for over $417,000 in our area, all of a sudden a down payment is required. Read More

The Golden Rule when getting a VA Loan

Fred Chamberlin — Wed, 11 Nov 2009 18:33:40 +0000

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.”

The Golden Rule when getting a VA Loan is a post from: No Money Down OR & CA

VA underwriting guidelines vs. Lender Overlays

Fred Chamberlin — Mon, 02 Nov 2009 20:05:16 +0000

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.

VA underwriting guidelines vs. Lender Overlays is a post from: No Money Down OR & CA