Common Mistakes to Avoid when Applying for a VA Home Loan

WE SERVE VETERANS AND ACTIVE DUTY SERVICEMEMBERS NATIONWIDE.

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Everything you need to know about credit scores and VA loans.

Contact me:

Jimmy Vercellino, Mortgage Loan Originator/Regional Residential Mortgage Director NMLS 184169 at First Western Trust
Corporate NMLS 477166

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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender.

[letusriseabove]

Jimmy thank you for everything you do!

[jmosa]

Thank you I’m currently at this step with my loan originator it’s a plus that he also is a Navy vet. ❤

[stephaniecage]

Tap the 👍🏼 button. This is Valuable & Comprehensible information for Us. Thanks Jimmy 🇺🇸

[evanlopez]

Hey Jimmy !,

Can you make a video explaining if it’s possible to use your BAH to buy a house and/or can you use a VA loan to build a home instead of buy ?

[KeepRowing]

I subbed so he can spoon feed me to homeownership

[comodice]

first va loan how long do you have to live in the house and what is considered living in the house.

[cyyoung]

What questions should I ask to a mortgage originator to see if they have the required VA loan experience to assist me in purchasing a home?

[LaneStevens]

I just saw today Biden administration implementing a new rule. If you have good credit you will pay a higher mortgage to subsidize for people who have worse credit and are a higher loan risk. They said if you have (estimated) a 680 credit score, you could be paying $40 or more per month on a $400, 000 house.

I'm turning 23 this year and about to ETS from the Army. I have a 803 credit score and am going to be looking into using my VA loan at some point in time in the future. I've done my due diligence to ensure I haven't tanked my credit, and am also completely debt free right now.

I'm curious to know what your thoughts are on this new rule? And what it means for people buying houses under $400, 000? All the articles I see so far only mention the 680 credit, $40 extra a month for mortgage, and a home of $400, 000 or more. Will it apply to cheaper homes as well?

[jaybon]

Luis Marquez it doesn't matter if you are 100 percent p&t . Do your research on how many VA loans you are eligible?. Keep looking at Videos on How VA loans work. Good luck

[chrisryan]

We all make it to our final destination at some time. 😂

[mpidytp]

What is the difference between the loan versus loan guarantee?

[dredana]

What up jimmy
If I’ve been living on my VA benefit for the last two years, , I don’t have W2’s for the last two years. Will this be a problem with applying for a VA home loan?

[brandisheeder]

so i want to be in my new home by christmas 2023. what point should i be working with someone like you to get pre approved?

[veger]

Can you buy-down the rate on a VA Loan and if so how much would you need to pay to buy down the rate 1 point on a $400K home?Thank You!

[f.m.mworld]

Where do you even see your VA loan? Is there a way to know how much you have? How exactly do they pull the information for your pre approval because I got approved for 250000 but I don’t know where that came from.

[zach]

So Jimmy...my VA certificate is tied up with my current home and I have a service connected disability and I didn't have to pay the funding fee. My wife has VA eligibility but is not disabled. I want to move in a few years. Is there a way to free up my certificate to use on the new home before my current home sells or do I just use her certificate and pay the funding fee?

[Manuelstravels]

If I have 100 percent total and permanent disability how does that help I wanna buy houses to rent and invest

[kingmode]

Jimmy i recently pulled my COE. I financed 220k... my COE is showing 224k... have you seen that? Shouldnt my COE reflect what i financed?

[SuperDevildog]

Do you know of any lenders in Hattiesburg, Mississippi or mississippi in general?

[erikpulido]

What if you're still AD and want to use the VA home loan. What documents can we use simce we dont have a 214?