Alone for Thanksgiving. this sad soul shaking and curled up in a ball

When a person has served in the military and wants to purchase a house, one of the first things they should do is look into a VA home loan. This loan enables a buyer the chance to purchase a house with no money down. It's possible they may not be required to pay mortgage insurance every month. There could be limitations on closing costs paid by the buyer. And an appraisal detailing the value of a property could also be provided.

What Amount of Time Is Required?

Answering this question with any accuracy can be difficult. The majority of VA loans are able to be closed within 45 days. This is common in the mortgage industry. There are a number of steps in the approval process and getting preapproved is one way to shorten the closing time. Preapproval means a person has met the lender's basic requirements for a loan before starting the process. The timetable for a seller to move out of the house and a buyer to move into the house can impact the closing time. An agreed upon moving date can also make the process longer or shorter. The VA appraisal also plays a role. Should the appraiser make the loan based on necessary repairs, the closing date could be extended by weeks and sometimes even months. After an appraisal, the VA loan must then go through the underwriting process. This is the final step. The need for more documentation or resolving eligibility issues can cause the closing date to be extended.

How much income do I have to make to get approved?

When a person applies for a VA home loan, they will hear about a formula known as the debt-to-income ratio (DTI). The DTI takes the VA loan applicant's monthly debt payments and compares them to their gross monthly income. A lender will focus on monthly debts such as the cost for housing, unsecured debts and more. The DTI ratio benchmark for a VA loan is approximately 41 percent. When it is more, a lender may want additional financial information. Should a person have a high percentage of debt when compared to their income, they shouldn't give up. Some lenders will provide a VA loan with higher DTI ratios.

How much time do I need to have on active duty to get a VA loan?

The first step in applying for a VA loan is to complete and submit VA form 26-1880. This is to request a Certificate of Eligibility. This certificate is provided by the Veterans Administration. It is proof a person is eligible for a VA loan. It does not guarantee a person will be approved for a loan. The length of time required on active duty is determined by when a person was in the military. A person who served in the Gulf War must have completed 24 months of continuous active duty or for at least 90 days and received an other than dishonorable discharge. A person will qualify if they served during this time for less than 90 days but have a service-connected disability. To learn specific length of service requirements for a VA loan, contact the Veteran's Administration.

VA Loan Specialist helps veterans obtain the loans they are entitled to. He served in the United States Marine Corps, and now devotes himself to the Veteran home buyer in the Phoenix area, fulfilling a passion of his while at the same time helping others achieve home ownership. Be a proud homeowner today.

Alone for Thanksgiving.

This is Jake. Today as the shelter closed, we passed by to see this sad soul shaking and curled up in a ball. This is what the shelter environment does to these animals. He’s losing hope. No one has come for Jake. He’s 2 years old, his heart worm treatment is sponsored in full, and he appears dog friendly with proper intros. The shelter is full and today we received a second email on this guy. He’s had zero interest and we fear Jake will be on an upcoming euth list for space. The shelter does not cat test and we haven’t seen him with children.

We ask for everyone to please SHARE Jake. Share him so that he has a home to spend Thanksgiving in. You are someone; do something. Adopt a shelter dog. SHARE.

We are NOT the City Shelter to where pictures were taken. FOR MORE INFO ON THIS PET please contact:
Orange County Animal Services at +1 407-836-3111
2769 Conroy Rd, Orlando, FL 32839
Ask for information about animal ID #A417084


STATUS : - read comment for update from crossposter
The VA Guaranteed Home Loan Program has helped acquire home loans for veterans for over 70 years. The program has maintained its popularity, because it offers a number of benefits for military veterans and active duty service people. The process of applying for a VA home loan is slightly different than that of a conventional mortgage, but applicants can expedite the process by pre-qualifying for a loan amount.

What Is Pre-Qualification?

Pre-qualification is a process in which your loan qualification information is taken in advance of the purchase of a home, in order to determine if you meet initial requirements for the lender and how much you can afford. Although it does not guarantee that you will get a home loan from a lender, it means that you are qualified and are highly likely to be approved for the mortgage.

Benefits of Pre-Qualification

Being pre-qualified for a home loan offers prospective buyers a number of benefits, such as:

The price range you can afford is determined - This feature can save time by allowing you to only look at homes within your price range.
Being pre-qualified makes you a more desirable buyer - Sellers who have multiple offers often accept the offers of buyers they know have already been approved.
Removes uncertainty for buyers - Knowing you are pre-qualified for a loan can ease the stress of finding and buying a home.
Pre-qualification allows you to negotiate better terms - The certainty of having approval for a loan can allow you to negotiate small issues with confidence.
Pre-qualification can help to streamline the closing process - It reduces the likelihood of "surprises" that can delay the closing on the sale.
How To Get Pre-Qualified for A VA Loan

Applicants for a home loan through the VA program will be asked to provide a number of documents for pre-qualification:

Provide information about your military service - A Certificate of Eligibility is required to apply for a VA guaranteed home loan. This document can be acquired by filling out the appropriate form. However, you can start the process of pre-qualification before you receive the Certificate. In many cases, the lender will help you to file for the required document.

Credit information - The lending institution may ask permission to look at your credit score. If there any problems with your credit record, they may suggest that you resolve past debts or correct information, in order to receive pre-approval.

Employment information - The lender will ask to see proof of your current employment and previous employment. Generally, lenders prefer to see two years of consistent employment. However, gaps in your employment record do not necessarily disqualify you for a loan.

Bank statements or investment statements - The lender will also want to know about your financial health in regard to how much money you have saved and any investments you may hold. This information would also include any real estate on which you hold the deed.

Divorce and spouse/child support documents - Lenders generally also want information on divorce decrees and any support payments you are required to pay that could affect your ability to repay the loan.
Pre-qualification for a VA home loan can be an advantage that can help homebuyers get the best house for their needs at a price that is affordable. Consider getting pre-qualified when you begin to hunt for your new home.

Our VA Loan Specialist helps veterans obtain the loans they are entitled to. He served in the United States Marine Corps, and now devotes himself to the Veteran home buyer in the Phoenix area, fulfilling a passion of his while at the same time helping others achieve home ownership.

1 Response to "Alone for Thanksgiving. this sad soul shaking and curled up in a ball"

  1. Jake is posted on Orange County Animal Services Facebook page. Jake has application for adoption already applied for him.

    ReplyDelete

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