Yes you can, but the veteran/borrower must occupy one unit as his/her residence. The borrower will also need 6 months of the mortgage payments (PITI) set aside in an account as reserves, and documentation of the borrower’s prior experience managing rental units and/or use of a property management company to oversee the property. The reserves […]
Yes and no. Down payment yes but you will still owe the closing cost on the house. However, that can be paid by the seller. With the VA loan you don’t need to have a down payment. But you will still have to pay closing costs which can equal anywhere from 2 to 5% of […]
Purchasing a home with a VA loan can be an excellent way to secure a home with no down payment and low interest rates. However, when the home is located on well water, there are additional requirements that must be met in order to secure a VA loan. In order for a home to qualify […]
5 Steps When Purchasing a Home Purchasing a home is one of the biggest investments you will ever make. It’s also one of the most exciting and rewarding experiences you can have. It can be a daunting process, but with a little preparation and research, you can make it a successful and rewarding experience. Before […]
Benefits of a VA Home Loan The VA has a special refinance program called Interest Rate Reduction Refinancing Loan (IRRRL) which allows you to lower your interest rate with less paperwork and processes than other loan types. If rates drop when you have a VA loan, you can refinance through this program without showing income […]
Get pre-approved for a mortgage
with as little as 3.5% Down
Refinance your existing mortgage to
save money and tap into equity.