VA Loans

  Transcript Can you waive appraisal with a VA loan? For a purchase, the answer is no. For an EARL loan, which is an interest rate reduction loan, which is a refinance then they, there’s no appraisal required by the…

  Transcript What is the debt to income ratio for our VA loans? Typically, when you’re looking at something over 50 percent for a VA loan, you could be in an area where you’ll be denied, but there’s a different…

  Transcript How does the VA check your income? It checks the income the same as other other loans. They check your income history via your W 2, 1099, your tax returns, and also your current pay stubs. And if…

  Transcript Is it hard for a house to pass a VA inspection? In my experience, the answer is no, but it depends on the condition of the home. If the house is in a major amount of disrepair, then…

  Transcript Who pays for the appraisal on a VA loan? Typically, it’s the borrower that pays for the appraisal on the VA loan on the home they’re purchasing or refinancing.

  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.