VA Funding Fee

The VA Funding Fee is a fee VA charges military veterans for the usage of a VA Mortgage.  The VA Funding fee is a form of mortgage insurance that your Phoenix Arizona VA Mortgage Lender typically finances into a veterans VA home loan at closing.  The Arizona Veteran does not pay this out of pocket unless they want to.  Instead, it is a part of their total and final VA loan amount.  The VA funding fee allows the VA to insure VA loans against defaults.  Therefore it is what allows Arizona VA … [Read more...]

Home Loan Approval After Short Sale

When can I buy after a short sale?  This is a riddle all too many homeowners are trying to answer today.  In Arizona mortgage balance often exceeds home value putting many in a tough spot.  The majority of loan options available today come custom fit with guidelines that prohibit short sellers from buying right after their short sale.   There are exceptions.  Here is a success story about one of those exceptions. VA financing does not have an official guideline for buying after a short sale.  … [Read more...]