FAQ

-What is PITI?

-What Does It Mean If A VA Loan Is Assumable?

-If You Have Debt, Can You Still Qualify for a Loan?

– Does it take longer to get a VA loan compared to other loans?

-What is the difference between Conforming and Nonconforming loans?

-What is a Portfolio Loan?

-What is the difference between a fixed and adjustable rate?

-Does my spouse’s credit score matter?

-Can an Eligible Veteran Have a Co-Borrower on a VA Loan?

-What are Fannie Mae and Freddie Mac?

– What is Loan to Value?

 -How does my credit score affect my loan?

-How Do You Cancel Your Mortgage Insurance?

-How Long Is My Rate Locked in For?

-What is a Rate Lock Period?

-Can You Roll Your Closing Costs Into Your VA Loan?

-What is a COE? Where Can I Get a COE?

-Can you use a VA Loan if a Prior VA Loan was Foreclosed on?

-What are VA Loan Limits?

-What is the Maximum Amount You can Borrow on a VA Loan?

-What Costs are Included in my Monthly Mortgage Payment?

-What is the Difference Between Interest Rate and APR?

-What is the Minimum Down Payment on a Conventional Loan?

-What is a Conventional Loan?

-What is Mortgage Insurance?

-How Does Putting Money Down Affect My VA Loan?

-What are the Max Seller Concessions on a VA Loan?

-What is the Difference Between a Pre-Qualification and a Pre-Approval?

-What Do Sellers Have To Pay For On A VA Loan?

-How Do You Know If a Condo is VA Approved?