Sentences with phrase «loan entitlement wanting»

For example, a buyer with full VA loan entitlement wanting a $ 653,100 home in a regular - cost county would need a $ 50,000 down payment -LSB-($ 653,100 — 453,100 = $ 200,000) x 25 percent].

Not exact matches

For example, let's say you had $ 50,000 of entitlement tied to your foreclosure and you want to purchase a home for $ 200,000 in a county with a standard $ 453,100 loan limit.

If your coborrower is also a veteran or a service member with VA loan entitlement, then you may want to have a more in - depth conversation about how to approach using your entitlement.

There's a big caveat here worth noting: If you obtain the one - time restoration and then later want to seek another VA loan, you'll have to sell every property you obtained with a VA loan in order to restore your entitlement.

A veteran with full entitlement wanting to purchase a $ 500,000 home in a county where the loan limit is $ 525,000 doesn't have to worry about a down payment.

For those wanting to use the VA home loan benefit for the second time around and buy another home, unless the previous VA loan has been retired there may be little to no entitlement remaining.

Veterans who want to reuse their VA loan benefit in full may need to seek a restoration of entitlement.

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The last thing you want is uncertainty surrounding your hard - earned VA loan entitlement as you move from closing on a sale to closing on your new purchase.

There's a big caveat here worth noting: If you obtain the one - time restoration and then later want to seek another VA loan, you'll have to sell every property you obtained with a VA loan in order to restore your entitlement.