Tag Delaware Veterans Loans

Tag Delaware Veterans Loans

Delaware Veteran Loans

John Thomas January 4, 2011 Tags: , ,
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Delaware Veteran Loans

Delaware Veteran Loans are mortgage loans for Veterans that are made by mortgage lenders such as banks or mortgage brokers but are backed by the United States Government through the Veterans Administration.  The GI Bill that was signed into law in 1944 by President Roosevelt created the home loan program for Veterans to ensure they had access to housing.   Eligible veterans are able to use a VA loan to purchase or refinance a property.  The Delaware VA Loan is the best loan option for veterans hands down.  Get 100% financing with a VA loan which means NO Down Payment!  Call 302-703-0727 to get started on Delaware Veteran Loan or APPLY ONLINE. Keep Reading...

Delaware Veteran Loans – Free Online Workshop – November 2, 2010

John Thomas October 29, 2010 Tags: , ,

Free Online Workshop for Delaware Veterans who want to know the 10 Insider Tips on Delaware VA home loans. Online Workshop is scheduled for Tuesday, November 2, 2010, at 8:30 PM.  The seminar will explain in detail, the top 10 questions veterans ask about VA Home Loans.

Attend the Free Online Workshop from the comfort of your own home by registering online. You can get all your questions answered live during the Online Workshop.



For a Complete list of seminars visit Free Delaware Real Estate Seminars. Keep Reading...

Delaware VA IRRRL Guidelines – (VA Streamline Refinance)

John Thomas July 9, 2010 Tags: , ,
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Delaware Veterans Administration IRRRL Refinance Loan Guidelines (VA Streamline Refinance)

If you currently have a Veterans Administration Home Loan, commonly called a VA Loan, then you have the option to do a streamline refinance to lower your interest rate called a Delaware VA IRRRL.  This is called a Delaware VA IRRRL Refinance, which stands for Interest Rate Reduction Refinance Loan.  You must currently have a VA loan on the property you want to refinance in order to qualify for a VA IRRL.

VA doesn’t require an appraisal on the property or any kind of credit check but most lenders will require a credit check to verify a minimum of 600 middle FICO score.  Some lenders may also require a conventional exterior appraisal on form 2055 but this is NOT a requirement of the Department of Veteran Affairs, it is a lender overlay. Keep Reading...

Why A Delaware VA Loan?

John Thomas September 24, 2007 Tags: , ,
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The more you know about our Delaware home loan program for Veterans, the more you will realize how little “red tape” there really is in getting a Delaware VA loan. These loans are often made without any down payment at all which means a veteran can get 100% financing. Aside from the veteran’s certificate of eligibility and the fact that the appraiser is assigned by VA, the application process is not much different than any other type of Delaware mortgage loan. And if the lender is approved for automatic processing and the Lender Appraisal Processing Program (LAPP), as more and more lenders are now, a buyer’s loan can be processed and closed by the lender without waiting for VA’s approval of the credit application or for VA to review the appraisal.Lenders are also able to use VA recognized automated underwriting systems, such as Loan Prospector and Desktop Underwriter, to facilitate the underwriting process. This makes the VA Loan a great program for Delaware First Time Home Buyers who meet the eligibility requirements. Keep Reading...