Are you a veteran of the navy fascinated about shopping for a home utilizing a va mortgage within the Housing Market 2022? What are the VA mortgage requirement for 2022? What are the VA mortgage execs and cons? In this video, Huntington Beach Realtor, Jeb Smith discusses VA loans and the VA mortgage necessities 2022 like credit score rating, down fee and employment when shopping for a house.
5 Things you must learn about VA Loans ⏩Watch this NEXT ⏩
✅ – Get a Referral to a Mortgage Lender or Realtor –
🏠 – First Time Home Buyer Course –
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🏡Want to turn into a Real Estate Agent –
What is a VA mortgage? A VA mortgage is a mortgage mortgage within the United States assured by the United States Department of Veterans Affairs
VA mortgage necessities 2022
✅Active Duty or Served 90 Continuous Days/Met size of service necessities which is usually 90 days in wartime and 181 days in peacetime/accomplished 90 days of energetic responsibility or 6 creditable years in chosen reserve or nationwide guard/surviving partner of a veteran who died whereas in service or from a service associated incapacity and haven’t remarried.
✅ FICO® rating a minimum of 580 (there are exceptions however they arrive with a price)
✅ No Down Payment Required
✅MIP (Mortgage Insurance Premium ) is NOT required on VA Loans.
✅Debt-to-Income Ratio lower than 41%. (Actually you’ll be able to go a lot greater than this)
✅Condos must be VA accepted
✅The house have to be the borrower’s major residence.
✅Borrower should have regular earnings and proof of employment.
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Jeb Smith (huntington seashore Realtor/orange county actual property)
DRE 01407449
Coldwell Banker Realty
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#VA #Realtor #RealEstate
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