Bank Of America – Making News For All Of The Wrong Reasons. The latest news from Bank Of America is they are no longer going to offer VA cash out refinances to our Veterans. Has anyone else noticed that Bank Of America seems to be making news for all of the wrong reasons? [...]
Browsing Posts in VA Home Loans Updates
Great News – 100% VA Cash Out Refinance – Coming January 3, 2011 The VA Loan guidelines consider a VA Refinance to be cash out even if you’re not receiving cash back at closing or paying off non-mortgage debt if you’re not doing a VA IRRRL. In most cases lenders will limit your new VA [...]
RESPA Reform Coming Soon The Department of Housing and Urban Development (HUD) has passed new regulations amending Regulation X, the regulations that implement the Real Estate Settlement Procedures Act (RESPA). On January 1, 2010, HUD will require that lenders and mortgage brokers provide borrowers with a new standard Good Faith Estimate (GFE) that clearly discloses [...]
Updated Credit Score Requirements For VA Home Loans! As losses continue to mount for lenders and GSEs, several lenders have increased the minimum credit score required on VA Home Loans and FHA Home Loans from a 620 mid score to 640. We still have options for VA Home Loans with credit cores as low as [...]
