 |
VA Loan Facts
CO-SIGNORS OR JOINT VA LOANS
The VA guidelines recognize legally married spouses of qualified veterans as co-signors on
VA loans and can include their income. These loans can be fully guaranteed by the VA.
The VA guidelines will allow for more than one eligible veteran(s) to purchase a home.
If more than one eligible veteran is involved, VA divides the entitlement charge equally
between them, if possible. These loans can be fully guaranteed by the VA.
While the VA guidelines may allow for a non-veteran to co-sign for a mortgage loan, they will
not fully guarantee the loan. The VA Guarantee is limited to that portion of the loan
allocated to the veteran's interest in the property. That means the VA will not fully
guarantee this type of loan and our company cannot originate loans that are not fully
guaranteed by the VA.
FREQUENTLY ASKED QUESTION # 21 [ -more VA Loan questions- ]
- - - - - -
Q: The VA Loan for Home Equity Refinancing - Can I refinance with the VA?
A: " If you own a home and are considering refinancing, VA refinancing may be just what you need. Under the terms of VA refinancing, your current real estate debt is paid out of the proceeds of a new VA mortgage. The requirements? The same borrower must use the same property as before. This type of refinancing is also known as a 'Cash Out"" refinance, and is only good for homes that are used as the owner's residence.
Refinancing is available for up to 90% of the appraised value plus all closing costs in many cases. Your home must have enough equity to cover the loan. These terms may not be available in all states, depending on local lending laws. Check with your local VA rep to learn more."
|
 |
|
VA Loan Rates
for 7/20/2008
30 year fixed
-----------------
0.000 points
6.500%
6.618% APR
15 year fixed
-----------------
0.000 points
6.500%
6.500% APR
Life Insurance for Military Members
|
- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College
VALoans.com is a private company specializing in VA financing and is
not a government agency.
|
|
 
|
Get Started with a
VA Home Loan
|
Copyright © 1997- 2008
VALoans.com
All Rights Reserved
Web Design
Archimage
Houston, Texas
|
