Are you a veteran, reservist or active military member and looking to benefit from a VA Loan?
Welcome to our VA Loan tips video!
So, let's get started.
Here are 5 facts about VA Loans that could make a huge difference for military homebuyers and homeowners.
Tip number 1: Did you know that the 100% rule for a VA cash-out refinance is a Ginnie Mae rule, not a VA rule? That means if you’re looking to refinance your home, it’s important to understand the guidelines from both Ginnie Mae and the VA.
Tip number 2: The VA provides appraisal standard turn times for each state. Understanding these timeframes can help manage expectations and ensure a smoother homebuying process.
Tip number 3: Did you know that a Reservist who hasn’t been deployed under Title 10 orders must have served 6 years, earned sixteen retirement points a year, and have an honorable discharge to be eligible for a VA Loan? It’s crucial to review service requirements and eligibility to secure your VA Loan.
Tip number 4: VA financing is on the rise and now makes up approximately fourteen percent of residential lending in the country. With more people recognizing the benefits of VA Loans, be sure to explore how this option can help make your homeownership dreams come true.
Still with us? Cause we are almost there...
Finally, Tip number 5: Did you know that a general power of attorney can’t be used with a VA Loan? It must be specific or military-related. Make sure your documents align with VA Loan requirements.
There you have it—five VA Loan tips that could make all the difference! We are honored you have chosen to serve us, so now let us do our duty to serve you.
Give us a shout - getting a pre-approval letter is complimentary.
Apply now - we are opening doors for homeowners, every day.
Timecodes:
0:00 - INTRO
0:13 - 5 Facts About a VA Loan that can make all the difference
0:19 - TIP #1: 100% rule for a cash out refinance
0:35 - TIP #2: Appraisals
0:46 - TIP #3: Reservist rules
1:04 - TIP #4: VA financing statistics
1:24 - TIP #5: General Power of Attorney
1:46 - Give us a shout
Ready for the next step? Give us a shout. We are opening doors for new homeowners every day! FIND A LOAN ADVISOR near you: https://linktr.ee/successmortgagepartners?utm_source=linktree_profile_share<sid=6f0663ef-340f-40ba-943f-94513d08bf48
Welcome to our VA Loan tips video!
So, let's get started.
Here are 5 facts about VA Loans that could make a huge difference for military homebuyers and homeowners.
Tip number 1: Did you know that the 100% rule for a VA cash-out refinance is a Ginnie Mae rule, not a VA rule? That means if you’re looking to refinance your home, it’s important to understand the guidelines from both Ginnie Mae and the VA.
Tip number 2: The VA provides appraisal standard turn times for each state. Understanding these timeframes can help manage expectations and ensure a smoother homebuying process.
Tip number 3: Did you know that a Reservist who hasn’t been deployed under Title 10 orders must have served 6 years, earned sixteen retirement points a year, and have an honorable discharge to be eligible for a VA Loan? It’s crucial to review service requirements and eligibility to secure your VA Loan.
Tip number 4: VA financing is on the rise and now makes up approximately fourteen percent of residential lending in the country. With more people recognizing the benefits of VA Loans, be sure to explore how this option can help make your homeownership dreams come true.
Still with us? Cause we are almost there...
Finally, Tip number 5: Did you know that a general power of attorney can’t be used with a VA Loan? It must be specific or military-related. Make sure your documents align with VA Loan requirements.
There you have it—five VA Loan tips that could make all the difference! We are honored you have chosen to serve us, so now let us do our duty to serve you.
Give us a shout - getting a pre-approval letter is complimentary.
Apply now - we are opening doors for homeowners, every day.
Timecodes:
0:00 - INTRO
0:13 - 5 Facts About a VA Loan that can make all the difference
0:19 - TIP #1: 100% rule for a cash out refinance
0:35 - TIP #2: Appraisals
0:46 - TIP #3: Reservist rules
1:04 - TIP #4: VA financing statistics
1:24 - TIP #5: General Power of Attorney
1:46 - Give us a shout
Ready for the next step? Give us a shout. We are opening doors for new homeowners every day! FIND A LOAN ADVISOR near you: https://linktr.ee/successmortgagepartners?utm_source=linktree_profile_share<sid=6f0663ef-340f-40ba-943f-94513d08bf48
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