VA Loan Frequently Asked Questions

1. I want to use my Veteran eligibility to purchase a home. Can you do this for me?

Answer: Absolutely, this is what I do!

2. I don’t have my certificate of eligibility, can you help me get one?

Answer: Yes as long we have a DD-214 or Statement of Service we can retrieve your certificate of eligibility electronically
 
3. I used my VA eligibility to purchase a home before can I use  it to purchase another home?

Answer: Yes

4. Why is the loan amount higher than the sales price for VA loans?

Answer: All VA loans have a “funding fee” which is financed on top of the loan amount? This fee negates the need for mortgage insurance

5. I am VA disabled (service related), is there is an additional discount available to me?

Answer: If you are at least 30% VA disabled, your loan will not have the traditional VA Funding Fee financed on top of the loan amount
 
6. Can I purchase a home with someone other than my spouse as the co-borrower?

Answer: Yes but the other applicant must be a veteran as well.

7. I don't live near Waltham, Massachusetts can you still handle my loan?

Answer: We can handle your loan anywhere in the state of Massachusetts

8. Can I close my home loan in my home town?

Answer: Absolutely.

9. How do all those documents get to my local Title Company?

Answer: FedEx or email.

10. I already applied to another Lender for my Home Loan; do I have to stay with them?

Answer: No you don't. You can change your mind, and decide who you want to close your loan. Transfer of your loan is an easy process.
 
11. Can I use my VA eligibility for a Rental Property purchase?

Answer: No

12. Can I refinance my primary residence using my Veteran benefits?

Answer: Yes

13. How will I know what the prospective home or my primary residence is worth?

Answer: We will order an appraisal done by a licensed VA appraiser in your area.

14. Who controls the interest rate on Veteran Mortgages?

Answer: The market and investors but VA loan rates are typically the same or lower than conventional loans.
 
15. How will I know what interest rate I will get on my home loan?

Answer: After submitting the required paperwork, we lock your interest rate the same day.
 
16. I am a Widow of a Veteran, can I qualify?

Answer: Yes you can, provided deceased husband died in the line of duty or from a service related cause.
 
17. I hate to fill out forms online; can I talk to a person?

Answer: Sure just call me at 508-733-4858!
 
19. I don't feel comfortable giving my financial information over the Internet, what can we do?

Answer: We will do everything over the telephone or in person
 
21. How long does is take to close my loan?

Answer: It varies but typically 15 to 30 days after all paperwork is submitted.
 
22. I am working with a Real Estate Agent.....is this O.K.?

Answer: No problem.

23. Another lender botched my loan, can I transfer my loan to you?

Answer: Sure, no problem. Unfortunately, this is all too common.
 
24. I want to place my loan in your hands, what's next?

Answer: Call me at 508-733-4858.
 
25. I want to move forward with you, what do I tell my Realtor?

Answer: Ask them to fax a copy of your contract to us at 508-733-4858, and I will give the Realtor a call to coordinate.

26. I just want to talk, can I call you?

Answer: Sure, please call me at your convenience - 508-733-4858

Worried About Your Credit?

Please take a moment and listen to the video below. It is from one of my Associates, that specializes in Credit Restoration.  Don't let anyone tell you that your credit is hopeless and that nothing can be done.  Is it instant?  No, but credit restoration on your file can be quickly completed.  You have to have the will and dedication to do your part.  Please take a moment to listen to my Associate tell you about our results.  They're simply incredible!

Once you listen to this message, please give us a call at 508-733-4858 and let's get you some help.  Everyone deserves to own or refinance their home at a reasonable rate, so let's get you on track to accomplish this goal for you.


To Start Video, Click Play Arrow Below
 

 
Barry Little
Military Loan Specialist

Email: Barry@Lendmarkloans.com

Phone: 508-733-4858




Contact Barry Little, your local VA Mortgage Specialist, to setup a free consultation and develop your winning strategy when purchasing your new home with a VA Loan. It will be my pleasure to serve you! 



Notice: This is a privately owned and maintained
web site by Barry Little specializing in
VA financing and is not a government agency
.