VA Loans

  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…

  Transcript What is the minimum time for a VA loan? Typically the shortest amount of time you can pay off a VA loan is 10 years. Then you could be or could be in a 15 year, a 20,…

  Transcript How long does it take the VA to approve a loan? We’ve had loans approved in as quickly as 24 hours from application.

  Transcript Do I need cash for a VA loan? Yes, you do. In most cases, you usually have to pay for appraisal and pay for some closing costs. But other than that, it’s quite minimal compared to a regular…

Transcript How do I avoid closing costs of the VA loan? You can do that by having a lender do what’s called a lender lender price adjustment, or you can have the seller to sell or pay concessions. In both…