Let’s get started on how VA loans work in Washington State. First, let’s look at a few topics and understand the steps needed to complete to secure a VA loan. https://www.va.gov/housing-assistance/home-loans/eligibility/ 2. Source of Income – Once you have determined your VA eligibility and have… Read More »How Do VA Loans Work in Washington State?
With interest rates almost doubling since the beginning of 2022, we are starting to get a lot of interest in the temporary buydown program. With VA loans, you have the option to buy down the interest rates up to 3% from the note rate. This… Read More »How does a temporary buydown work with a VA loan in Washington State?
Great question! Once you have scraped and painted the areas that were called out by the appraiser, you can send pictures to your loan officer and that should be all that’s required to clear this condition. Unless it’s a structural, most conditions on a VA… Read More »What’s required if I have paint that’s peeling on a property that a Veteran is buying with a VA loan?
For a detailed explanation of a VA 2-1 buydown, call Washington State’s Source for VA loans 253-472-1500 www.vamortgagesource.com.
Yes, VA home loan guidelines allow Veterans that are getting out of the military within 12 months to qualify with their projected retirement income or civilian employments offer letters they have received. For more information on how to qualify for a VA loan if you… Read More »I’m retiring from the military, can I still qualify for a VA loan?
If you are moving to Washington State and looking for housing close to JBLM, here are a few neighboring Cities and Towns that would make a good choice. Lakewood, WA – https://cityoflakewood.us/ DuPont, WA – https://www.dupontwa.gov/ Steilacoom, WA https://townofsteilacoom.org/ Spanaway, WA –https://www.piercecountywa.gov/944/Parkland-Spanaway-Midland Yelm, WA –… Read More »Best Places To Buy a Home Near JBLM?
The good news, VA has removed the VA loan limit if you have full entitlement. If you have a previous VA loan that has not paid off, then the Pierce County Limit for VA loans is based off of $891,250. If you are looking for… Read More »VA loan limits in Lakewood, WA
Are they all the same or do they vary by type of lender? There a basically 3 different options for finding the right VA home loan provider in Washington State. Mortgage Broker – They can shop multiple lenders and match you with the best one… Read More »VA Mortgage Rates in Washington State