Comments on: What is a VA Loan? http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/ DROdio Real Estate's "Q&A Blog" Tue, 6 Jan 2009 14:12:48 +0000 http://wordpress.org/?v=2.3.1 By: none http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-4575 none Wed, 30 Jan 2008 14:59:36 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-4575 The funding fee is usually financed but it can be paid at closing, and the seller can pay it if they are willing. The funding fee is usually financed but it can be paid at closing, and the seller can pay it if they are willing.

]]> By: Sarah Stelmok, ABR, GRI, Fredericksburg VA http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-4574 Sarah Stelmok, ABR, GRI, Fredericksburg VA Wed, 30 Jan 2008 14:56:51 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-4574 Yes, Endea, it can. The Seller can contribute over and beyond the typical 3% toward closing costs. The Seller can also pay off the VA Loan users personal debt in order for them to qualify for the VA loan. You need to talk to your local lender on a case by case basis. Yes, Endea, it can. The Seller can contribute over and beyond the typical 3% toward closing costs. The Seller can also pay off the VA Loan users personal debt in order for them to qualify for the VA loan. You need to talk to your local lender on a case by case basis.

]]> By: Endea Thibodeaux, CLHMS, RECS http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-4572 Endea Thibodeaux, CLHMS, RECS Wed, 30 Jan 2008 14:55:05 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-4572 Can the 3.3% VA Funding Fee be paid with closing help assistance? Can the 3.3% VA Funding Fee be paid with closing help assistance?

]]> By: Kevin Warren http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3746 Kevin Warren Tue, 08 Jan 2008 16:53:15 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3746 VA is a great 100% finance tool in any state. They allow the seller to pay all customary closing cost and up to 4% of the sales price for other things like paying discount points to lower the interest rate, or to pay off installment debt (cars, furniture) to help buyers qualify for the loan, or even bad debt (judgements, collections). VA also has no minimum credit score. FHA is another great tool with no credit score requirement and 6% closing cost assistance allowed from the seller. Coupled with a down payment assistance program and it is also $0 down! VA is a great 100% finance tool in any state. They allow the seller to pay all customary closing cost and up to 4% of the sales price for other things like paying discount points to lower the interest rate, or to pay off installment debt (cars, furniture) to help buyers qualify for the loan, or even bad debt (judgements, collections). VA also has no minimum credit score.

FHA is another great tool with no credit score requirement and 6% closing cost assistance allowed from the seller. Coupled with a down payment assistance program and it is also $0 down!

]]> By: Kevin Warren http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3637 Kevin Warren Mon, 07 Jan 2008 18:22:23 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3637 VA is a great 100% finance tool in any state. They allow the seller to pay all customary closing cost and up to 4% of the sales price for other things like paying discount points to lower the interest rate, or to pay off installment debt (cars, furniture) to help buyers qualify for the loan, or even bad debt (judgements, collections). VA also has no minimum credit score. FHA is another great tool with no credit score requirement and 6% closing cost assistance allowed from the seller. Coupled with a down payment assistance program and it is also $0 down! VA is a great 100% finance tool in any state. They allow the seller to pay all customary closing cost and up to 4% of the sales price for other things like paying discount points to lower the interest rate, or to pay off installment debt (cars, furniture) to help buyers qualify for the loan, or even bad debt (judgements, collections). VA also has no minimum credit score.

FHA is another great tool with no credit score requirement and 6% closing cost assistance allowed from the seller. Coupled with a down payment assistance program and it is also $0 down!

]]> By: Tchaka Owen http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3074 Tchaka Owen Thu, 27 Dec 2007 15:21:20 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3074 Toni - wouldn't that be a be VA VA loan? Toni - wouldn’t that be a be VA VA loan?

]]> By: Karen Kruschka - In This Market You Really Need My 31 Years Experience http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3072 Karen Kruschka - In This Market You Really Need My 31 Years Experience Thu, 27 Dec 2007 15:17:55 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3072 Daniel It would appear that VA loans are going to once again be an attractive loan program - now that "funny money" has gone away, Karen Daniel It would appear that VA loans are going to once again be an attractive loan program - now that “funny money” has gone away, Karen

]]> By: Toni Ellis - North Houston, TX Real Estate http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3066 Toni Ellis - North Houston, TX Real Estate Thu, 27 Dec 2007 15:09:16 +0000 http://www.drodio.com/faq/drodiocom/what-is-a-va-loan/#comment-3066 Well, there are lots of military veterans that were stationed in Virginia. :-) Well, there are lots of military veterans that were stationed in Virginia. :-)

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