Mini Mortgage Questionaire

Mini Mortgage Questionnaire
  1. (required)
  2. (valid email required)
  3. Captcha
 

cforms contact form by delicious:days

Posts By Brian Brady


FHA Condo Approvals Accepted For VA Home Loans

The Veterans Administration amended the suspension of accepting the HUD condo approval for VA financing (suspension instituted last September).
Monday, May 17, 2010, they amended that suspension.  VA will now accept:

FHA condo approvals dates prior to December 7, 2009 are accepted by VA
FHA condo approvals dated after December 7, 2009, or phases [...]

Sellers can pay veterans’ debt to qualify for a VA home loan

We’ve talked about seller contributions towards closing costs but did you know the seller can pay off a veteran’s debt to qualify? The seller contribution is limited to 4%.  Typical VA closing costs in San Diego total about 2-3 % of the selling price; that “extra” 1-2% could be used to “buy the rate [...]