VA Learning Center

  Transcript How long does it take to close on a house with a VA loan? Here at Texas Home Loans, we did it under two weeks. So that is faster than most lenders, but we’re much more organized, much…

  Transcript Does the credit score affect the VA loan rate? Absolutely. You can get a VA loan down to 580 in the case of our company or even lower with some other companies, but the rates, there is a…

Transcript How often is a VA loan denied that depends on your credit, your death income ratio and your loan size to make sure that you can carry that what’s called a residual residual income analysis by the VA. But…

Transcript Do veterans have to pay back VA loans? Yes, this works like any other mortgage. You pay that in equal installments over 30 years. It’s a 30 year fixed or over 15 years if it’s a 15 year fixed.

Transcript Can a family member use my VA loan? The family member that can use your VA loan is a person who is occupying that property as your primary residence or in the case of a spouse if something would…

Transcript What is a 42, 000 VA housing benefit? That’s a benefit calculated to give to a veteran or active service member. The benefit of purchasing a home with zero down payment. What that does is that translates into as…

Transcript How big of a loan can, from the VA, can I get? Well, from Texas Home Loans, you can get up to 2 million. Other lenders typically are capped at the Fannie Mae limit, which is 726, 200 right…

Transcript How would a VA loan get denied? If you don’t meet the credit, income, and credit debt to income ratio requirements, then it could be denied. Typically, it could be occupancy type. For example, VA loans are only with…

Transcript Are VA loans hard to get approved? Simple answer is no, but you do need to meet credit, income, and asset requirements. Also, you need a certificate of eligibility funded by the VA administration.

Transcript What happens to a VA loan if a veteran dies? Well, whoever inherits that has that property or inherits the property would have to pay that back somehow. Either make the monthly payments or sell the property to satisfy…