VA Loan Frequently Asked Questions
1. I want to use my Veteran eligibility to purchase a home. Can you do this for me?Answer: Absolutely, this is what I do! 2. I don’t have my certificate of eligibility, can you help me get one? Answer: Yes as long we have a DD-214 or Statement of Service we can retrieve your certificate of eligibility electronically 3. I used my VA eligibility to purchase a home before can I use it to purchase another home? Answer: Yes 4. Why is the loan amount higher than the sales price for VA loans? Answer: All VA loans have a “funding fee” which is financed on top of the loan amount? This fee negates the need for mortgage insurance 5. I am VA disabled (service related), is there is an additional discount available to me? Answer: If you are at least 30% VA disabled, your loan will not have the traditional VA Funding Fee financed on top of the loan amount 6. Can I purchase a home with someone other than my spouse as the co-borrower? Answer: Yes but the other applicant must be a veteran as well. 7. I don't live near North Palm Beach, Florida can you still handle my loan? Answer: We can handle your loan anywhere in the state of Florida 8. Can I close my home loan in my home town? Answer: Absolutely. 9. How do all those documents get to my local Title Company? Answer: FedEx or email. 10. I already applied to another Lender for my Home Loan; do I have to stay with them? Answer: No you don't. You can change your mind, and decide who you want to close your loan. Transfer of your loan is an easy process. 11. Can I use my VA eligibility for a Rental Property purchase? Answer: No 12. Can I refinance my primary residence using my Veteran benefits? Answer: Yes 13. How will I know what the prospective home or my primary residence is worth? Answer: We will order an appraisal done by a licensed VA appraiser in your area. 14. Who controls the interest rate on Veteran Mortgages? Answer: The market and investors but VA loan rates are typically the same or lower than conventional loans. 15. How will I know what interest rate I will get on my home loan? Answer: After submitting the required paperwork, we lock your interest rate the same day. 16. I am a Widow of a Veteran, can I qualify? Answer: Yes you can, provided deceased husband died in the line of duty or from a service related cause. 17. I hate to fill out forms online; can I talk to a person? Answer: Sure just call me at 561-316-6800! 19. I don't feel comfortable giving my financial information over the Internet, what can we do? Answer: We will do everything over the telephone or in person 21. How long does is take to close my loan? Answer: It varies but typically 15 to 30 days after all paperwork is submitted. 22. I am working with a Real Estate Agent.....is this O.K.? Answer: No problem. 23. Another lender botched my loan, can I transfer my loan to you? Answer: Sure, no problem. Unfortunately, this is all too common. 24. I want to place my loan in your hands, what's next? Answer: Call me at 561-316-6800. 25. I want to move forward with you, what do I tell my Realtor? Answer: Ask them to fax a copy of your contract to us at , and I will give the Realtor a call to coordinate. 26. I just want to talk, can I call you? Answer: Sure, please call me at your convenience - 561-316-6800
Christian Penner Military Loan Specialist Email: TheMortgageTeam@ChristianPenner.com Phone: 561-316-6800Contact Christian Penner, your local VA Mortgage Specialist, to setup a free
consultation and develop your winning strategy when purchasing your new
home with a VA Loan. It will be my pleasure to serve you! America's Mortgage Solutions Christian Penner Phone: 561-316-6800
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