VA Home Loan With Disability

#VALoan #VAHomeLoan #VABenefits #VAHousingEducation #vadisability

Are you a military member or spouse researching how to buy a home with your VA home loan? Wondering how much you can purchase with 100% P&T VA Compensation combined with that incredible VA Home Loan? You're in the right place!

In this video, we’ll show you how to leverage your VA loan with sole VA Disability and how you can purchase a $1,000,000 multifamily property and have someone else pay your mortgage! 🚀

🔑 Key Topics Covered:
1. Using 100% P&T Income for VA Loan:
- Learn how lenders view 100% P&T income.
- Understand how your income is grossed up by 125%, lowering your Debt to Income Ratio.
- Discover how to qualify without property taxes if your state offers tax breaks for veterans.

2. Credit Considerations:
- Why your credit score matters and how it affects your rates and fees.
- The importance of budgeting and timely payments to maintain good credit.
- Minimum credit scores required by lenders.

3. Community Property States:
- How being in a Community Property State affects your qualification process.
- Using your spouse’s income and credit in both Community and Non-Community Property States.

4. Closing Costs and Reserves:
- What you need to know about closing costs even if you’re 100% disabled.
- Understanding reserves and how they impact your ability to purchase multifamily properties.

🔗 Resources:

Don’t miss out on valuable investor strategies and tips on how to leverage your VA loan to have unlimited VA Loans. Drop a comment below if you want more insights!

#VALoan #Veterans #MilitaryHomeBuying #VAHomeLoan #PTCompensation #MultifamilyInvesting #VeteranBenefits #HomeOwnership #VAHomeLoanBenefits #RealEstateInvesting #MilitarySpouses #VeteranEducation

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VA Housing Education is dedicated to helping military members and their families understand their financial situation and position themselves for homeownership. All our content is free, and we offer live YouTube events every month on various VA Home Loan Benefits and specialty classes.

For personalized assistance, reach out to our network of trusted mortgage professionals and realtors across the country. We're here to educate, support, and empower you on your homeownership journey.

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00:00 - 00:34 Introduction to VA home loan benefits for 100% disabled veterans
00:34 - 01:11 How lenders view 100% VA disability income
01:11 - 02:15 Explanation of residual income and its importance
02:15 - 02:45 Tax exemptions and their impact on qualification
02:45 - 03:21 Searching for state tax breaks for disabled veterans
03:21 - 03:54 Importance of credit scores in determining fees and rates
03:54 - 05:24 Using spouse’s income and joint loan applications for veterans
05:24 - 06:30 Community property states, closing costs, and reserves
06:30 - 08:10 Examples of income calculations, single-family and multifamily purchases
08:10 - 13:52 Residual income, rental income, and adding spouse’s income for VA loans
13:52 - 15:45 Managing liabilities to maximize VA loan benefits

NOTE: You still need to escrow for Home Owners Insurance and Flood Insurance.

DISCLAIMER: The content of VA Housing Education at Waterman Bank is meant for educational purposes only. We will not extend credit of any kind without speaking to a loan officer. Any calculations should be verified independently. This website should not directly be used to make decisions on home offers, purchasing decisions, is not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. The views expressed on this site and videos are those of the individual author and do not necessarily represent those of Waterman Bank and are not intended to provide legal or compliance advice. VA Housing Education at Waterman Bank is not affiliated with or approved by the VA, FHA or any other government agency. Contact Waterman Bank for your lending needs.

#VALoanEducation #VeteranSupport #MilitaryFamilies #HomeBuyingTips #RealEstateAdvice #MortgageTips #VAHousingEducation

[vahousingeducation]

You will have to download the excel sheet in order to modify it.

[HurleyBrley]

Do one from a single veteran with only 100% income

[jannettehebert]

David, Excellent video thank you for the excel tool is a great resource.

[Coolohcello]

Great video. I would love some info on how to get my credit together. I just got my 100% p&t so I’m ready to start the process.

[josecolon]

Can you explain the 1% processing fee rule? We talk the other day over the phone. I’m the guy from Puerto Rico. I give you permission to use my quote as example.

[jopoulard]

Can you make a video for veterans with 100% Va pnt with minimum job what can they really afford there those of us not married going to school like what are our options

[TorryMB]

Great info. The excel is view only for me.

[PrisonJunky]

My credit sucks balls....what can I do with 100% P&T and a state medical retirement of the same amount?

[jefferybarnes]

I get 4700 Va disability. Plus 3000 retirement. I multi 1.25 comes 7500. I need to pay these loans off. Debt to income is 70 percent

[lpmazariegos]

So if I'm at 100% and I pay down all my credit cards I can potentially buy a triplex or quadruplex with only my disability income?

[stephanieo]

Can you do this loan with first time home buyer grants?

[Pottsburg]

If my father is 100% Va covered, can I qualify for a VA loan?