Sentences with phrase «military borrowers who»

The «VA Streamline Refinance» is available to military borrowers who can show that there's a benefit to the refinance either in the form of a lower monthly payment; or a change from an ARM to a fixed - rate loan.

Military borrowers who hope to use a VA loan to purchase or refinance have to meet requirements established by both the VA and by lenders.

It relies on private mortgage lenders to extend financing to military borrowers who meet the VA's requirements, which range from service time to an acceptable debt - to - income ratio and more.

The «VA Streamline Refinance» is available to military borrowers who can show that there's a benefit to the refinance either in the form of a lower monthly payment; or a change from an ARM to a fixed - rate loan.

Assuming that this is not a military borrower who could use the VA Loan Guaranty program, there are several mortgage options available to the buyer:

Not exact matches

For borrowers who will make a career out of military service, Income - driven repayment plans provide another major benefit — you may be eligible for loan forgiveness after 10 years of reduced monthly payments.

That said, Veterans United Home Loans clearly caters to borrowers who are military veterans, leaving few reasons to choose this lender if you don't qualify for a VA loan.

That said, Veterans United Home Loans clearly caters to borrowers who are military veterans, leaving few reasons to choose this lender if you don't qualify for a VA loan.

As used in this paragraph, a «Covered Borrower» means any person who, at the time such person becomes obligated on a loan transaction or establishes an account for consumer credit, satisfies the requirements under any one or more of the following classifications, or is otherwise under applicable laws deemed to be a «Covered Borrower» under the Military Lending Act, 10 U.S. Code Section 987: (a) An active duty member of the Army, Navy, Marine Corps, Air Force or Coast Guard, or a person serving on active Guard and Reserve duty (a person described in this clause (a) of the definition of «Covered Borrower» is hereinafter referred to as a «Service Member»); or (b) Any of the following persons, relative to a Service Member: (1) The spouse; (2) A child under the age of 21; or (3) If dependent on the Service Member for more than one half of such person's support, any one or more of the following persons: (i) A child under the age of 23 enrolled in a full time course of study at an institution of higher learning; (ii) A child of any age incapable of self support due to a mental or physical incapacity that occurred before attaining age 23 while such person was dependent on the Service Member; (iii) Any unmarried person placed in legal custody of the Service Member who resides with such Service Member unless separated by military service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's hoMilitary Lending Act, 10 U.S. Code Section 987: (a) An active duty member of the Army, Navy, Marine Corps, Air Force or Coast Guard, or a person serving on active Guard and Reserve duty (a person described in this clause (a) of the definition of «Covered Borrower» is hereinafter referred to as a «Service Member»); or (b) Any of the following persons, relative to a Service Member: (1) The spouse; (2) A child under the age of 21; or (3) If dependent on the Service Member for more than one half of such person's support, any one or more of the following persons: (i) A child under the age of 23 enrolled in a full time course of study at an institution of higher learning; (ii) A child of any age incapable of self support due to a mental or physical incapacity that occurred before attaining age 23 while such person was dependent on the Service Member; (iii) Any unmarried person placed in legal custody of the Service Member who resides with such Service Member unless separated by military service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's homilitary service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's household.

Prospective borrowers who are working in a field that utilizes their skill set or previous work in the military can often overcome that shortfall in terms of time on the job.

For borrowers who are in the military, a Leave and Earnings Statement (LES) dated within 30 days of closing is acceptable in lieu of a VVOE.

SoFi does offer loan deferment for borrowers who return to graduate school on a half - or full - time basis, undergo disability rehabilitation, or serve on active military duty.

Contact Veterans United Realty at 800-985-5723 to find an agent near you who works routinely with military borrowers.

Staying on top of credit card and loan payments can be tough for military borrowers, who are often on the move.

A great real estate agent who understands the power of VA loans can make all the difference for military borrowers.

Back in January, it was reported that the CFPB's lawsuit claimed Navient committed deceptive acts such as giving the wrong payment information to borrowers, processing their payments incorrectly, not responding to customer complaints, and falsely reporting that injured military veterans, who can qualify for student loan forgiveness, had defaulted on their loans, which damaged their credit score.

Borrowers who are serving in active duty can get this certificate after a Statement of Service document is signed by the appropriate military personnel.

If you are a military borrower in California or Arizona interested in refinancing your VA loan, Wholesale Capital Corporation has loan officers who can answer your questions.

Deferment and forbearance options are available to borrowers experiencing financial hardship or who are entering military service.

The most common federal loan forgiveness programs are for borrowers in the military, those who work in public service or education, or those who utilize one of the government's income - driven repayment plans, such Pay As You Earn (PAYE).

It's critical for military borrowers to use an agent who's worked with VA loans and understands the program's requirements.