Military Reserves & VA Home Loans

An Arizona VA mortgage is a great loan option for eligible and qualified military veterans but what about those that are currently in the military reserves?  Are they eligible for a VA mortgage when looking to purchase or refinance their Phoenix area home? Good news, the answer is most definitely YES!  However, Vets in the Reserves heed this warning:  tread carefully!  A veteran who is currently in the Reserves must make sure their mortgage lender breaks down their income with a fine tooth … [Read more...]

4 Keys to Successful VA Offer

Due to VA's unique guidelines, there are a few important differences to note when drafting an offer for a Veteran buyer that is using a VA mortgage loan.   Let's jump right into it: 1. Always request a termite report: VA requires that each veteran using a VA home loan to purchase or to do a non-streamline refinance on a property include a termite report with their loan package.  The termite report must show that the home is free of termite infestation.  If the report shows termite … [Read more...]

VA Home Loan – Your Eligibility COE

One of the most important and first steps an Arizona veteran home buyer must take is to confirm that they are in fact eligible for a VA home loan.   In short, a veteran's VA mortgage eligibility is documented on a from the VA calls a "Certificate Of Eligibility" or "COE" for short.   The COE can be ordered by the veteran themselves OR by their Arizona Mortgage Lender. Who is Eligible for a VA Mortgage? There are 4 main categories of VA Eligible borrowers: Veterans Active duty … [Read more...]

VA Home Loan for Vets with Bad Credit

Great news!  Arizona Mortgage Loan Officers now offer VA home loans for eligible Phoenix area VA borrowers with a low Credit score!  Standard VA loan guidelines apply. As your Phoenix are VA Mortgage Lender my team will underwrite, process, fund and close ALL our VA loans in house and can close them quickly (in as little as 2 weeks if there are no appraisal delays). Learn more about how your credit score is determined Find out how to correct errors on your credit report Learn more … [Read more...]