What Is A VA Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and National Guard and Reserve members may apply online or through their lender; most lenders have access to the system and can verify eligibility IF the […]

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Who is va funding fee exempt and NOT required to pay the fee? This video could save some veterans thousands.  VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption. Broadly speaking, veterans who […]

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What Are Joint Loans? When two or more veterans seek a VA loan additional rules and guidelines apply. This video explains the basics. Official VA guidelines state that “strengths of one veteran related to income and/or assets may compensate for weaknesses of the other.” BUT… “satisfactory credit of one veteran cannot compensate for poor credit […]

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How Does Divorce Affect VA Loan Re-Eligibility? This video highlights the rules. If a veteran with a spouse purchases a home with a VA mortgage they are not eligible for another VA loan until that loan is paid in full. If the veteran’s spouse is awarded the property in a divorce settlement the veteran’s entitlement […]

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Can I Use My VA Eligibility More Than Once? As the video explains – under the right conditions, yes. Eligible veterans may qualify for another VA loan, if you completed payments your old VA loan or your prior VA loan was ‘paid in full’ AND you no longer own the property. In either of these […]

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Can I Buy A Rental Property With A VA Mortgage? As the video says – NO. Buying rental property may be a great financial strategy but VA mortgages aren’t intended for this purpose. The VA loan program started after World War II to help eligible veterans secure homes and that is still the primary aim. […]

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Major VA Loans   Now that we are seeing an upswing in the VA loan housing market, stats are showing more than ever that active military service personnel and veterans are using their VA Home Loan benefits more than ever before. For 2014, the VA loans showed a significant increase in home loan volume, with […]

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Does My Military Discharge Affect VA Loan Eligibility?   As you’ll see in this video, discharge conditions can affect a veteran’s eligibility for a VA loan. Veterans separated with a dishonorable discharge may not be not meet VA Loan Eligibility. If your discharge state is “other than honorable” or was changed, modified or corrected you […]

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What Are VA Loans? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” – is the Federal military veteran benefits system. The VA administers benefits and services for Service members, Veterans their dependents and survivors. Programs related to home […]

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Moreira Team finally announces the release of the 550 FICO Mortgage Streamline IRRRLs!   It’s new VA Home Loan, has been in development.The VA Streamline Refinance (Interest Rate Reduction Refinance Loan (IRRRL)). The IRRRL allows you to refinance your current mortgage interest rate to a lower rate than you are currently paying. The Streamline loan […]

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