Veteran Home Loans MN

Category: Others/ Misc

Presentation Description

VA Loan Eligibility MN - Visit MN VA mortgage for questions on VA loan eligibility & application process, check Eligibility for VA Loan, Current VA Mortgage Rates and get Military VA Loan in Minnesota.


Presentation Transcript

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VA Program LOAN TYPE OFFERINGS Purchase Mortgage Cash Out Renance Mortgage Type I and Type II Streamline IRRRL Interest Rate Reduction Renance Loan New Construction Renovation PROPERTY TYPES 1-4 Unit Townhome Condo Modular Home Manufactured Home Double-wide or Greater PROGRAM HIGHLIGHTS Credit Score of 550 or Greater             -VA Elite pricing requires 640 or greater             -New Construction Renovation requires 620 or greater Loan Terms of 10 15 20 25 and 30 Years Automated and Manual Underwriting Allowed -VA Elite New Construction and Renovation require automated approval Maximum of 100 Financing not including VA Funding Fee             -No down payment required for purchase or new construction -Cash out renance may not allow full 100 No Maximum Debt-to-Income Ratio with Automated Approval Standard High Balance and Jumbo Loan Sizes are Eligible Bankruptcy Ch 7 Discharged 2+ Years             -Extenuating circumstances allowed with 1+ year out of discharge a a

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XML Sitemap Bankruptcy Ch 13 Reects 12+ Payments Made Trustee Approval Foreclosure Finalized 2+ Years -Extenuating circumstances allowed with 1+ year from nalization All Income Allowed by Lender’s Handbook – VA Pamphlet 26-7 First Time and Subsequent Use of VA Benets Accepted Surviving Spouses are Eligible Split-Entitlement is Eligible     CLICK HERE TO REQUEST YOUR CERTIFICATE OF ELIGIBILITY NMLS Consumer Access Portal | Privacy Policy

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