VA Loans

  Transcript How many pay stubs do you need for a VA loan? Typically, if you get paid every two weeks, you need two pay stubs.

  Transcript Are VA appraisals typically low? That’s hit or miss. There are some VA appraisers that don’t do a good job and they come in with low values. Unfortunately, when we place appraisals, all lenders have to put it…

Transcript Do VA loans check credit? Absolutely, they do check your credit and they use your credit to qualify you for the VA loan.

  Transcript What do VA lenders look for? They look at credit history, they look at debt to income ratio, and they look at the property qualifications. Those are the main things that determine whether you can get the loan.

  Transcript Why would a home not be VA approved? There’s a multitude of factors. Some of those could be pest infestation such as termites. But most of the time what we have seen is a property that’s in disrepair.…

  Transcript Can a VA loan close in two weeks? Yes, it can. We’ve done it here at Texas Home Loans. Most lenders cannot. It has to do with organization and being very detail oriented and having the borrower get…

    Transcript Can a VA loan be denied at closing? Technically, yes. There’s going to be a re verification of employment and re verification of credit. But in those cases, as long as you have the same employment that…

Transcript What is the most favorable thing about a VA loan? Typically, it’s a zero down payment. Plus, you get a slightly lower interest rate as long as you have a lender who does not increase their margins and increase…

  Transcript What are some disadvantages, disadvantages of a VA loan? The main disadvantage is you have to buy a primary residence. You can’t buy second homes, you can’t buy investment properties.

  Transcript Is the VA loan nothing out of pocket? No, it is not. It can be though if you do seller paid concessions or lender paid concessions to cover your closing cost, then it would be zero out of…