Sentences with phrase «loan entitlement who»
Having a co-borrower who isn't the spouse of the service member or another veteran with VA loan entitlement who will also live in the home will require a down payment on the home.
http://connect.homes.com/ Not exact matches
«In the 2017 — 18 Budget, the Coalition Government announced it will extend concessional loan eligibility to farmers who have exhausted their full three year entitlement to the Farm Household Allowance and can use this support to continue improving their long term financial strength.
«How can we ask hardworking people who are still paying off their own high - interest educational loans to fund a new, expensive entitlement program?»
Veterans who are eligible for a VA loan have an entitlement, which is basically a dollar amount the VA promises to repay back to a lender in the ev... Full Article
Reverse mortgage loans are not an entitlement program, but they do provide much needed cash flow to people who have worked most of their lives and paid their mortgage loans.
Veterans who had a VA loan before may still have «remaining entitlement» to use for another VA loan.
Veterans who are eligible for a VA loan have an entitlement, which is basically a dollar amount the VA promises to repay back to a lender in the event you default on your mortgage.
Buyers who have some of their basic entitlement remaining may be able to utilize that and avoid the minimum loan amount.
Veterans who had a VA home loan before may still have «remaining entitlement» to use for another VA home loan.
For example, a veteran who obtained a $ 25,000 loan in 1974 would have used $ 12,500 guaranty entitlement, the maximum then available.
Veterans who have more than one foreclosure will lose their VA home loan benefit, though this entitlement can be regained.
A VA restoration of entitlement allows borrowers who have previously utilized their VA loan entitlement to purchase another home with the VA's guaranty again.
Having a co-borrower who isn't your spouse or another veteran with VA loan entitlement will require a down payment.
Some borrowers who have previously purchased a home with a VA loan will have no entitlement remaining or their COE will say, «Paid in full, no restoration.»
Veterans who want to reuse their VA loan benefit in full may need to seek a restoration of entitlement.
Buyers who assume an existing VA loan must still qualify and go through the assumption process and it's important to note that an assumption does not restore your VA home loan entitlement and you can't use your entitlement again if and when your buyers refinance out of the assumed loan or sell the property, retiring the note.
Buyers who have some of their basic entitlement remaining may be able to utilize that and avoid the minimum loan amount.
Borrowers who've lost a VA loan to foreclosure will have reduced VA loan entitlement, which will limit how much they can borrow without making a down payment.
As long as they have sufficient VA loan entitlement available, veterans who use a VA loan can absolutely seek another, either to refinance their current mortgage or buy again.