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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
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| Christian Penner
Military Loan Specialist
Email: Team@AmericasMortgageSolutions.com
Phone: 561-316-6800
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Contact 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!
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America's Mortgage Solutions
Christian Penner
Phone: 561-316-6800
Product Disclosure Compliance Statement: All loan applications are subject to underwriting guidelines and final approval. This communication does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. Loan terms, programs, conditions, and interest rates are subject to change without notice. All fees and costs associated with the loan are subject to applicable state and federal laws, including high-cost loan thresholds. Credit, income, and collateral are subject to review and approval. Loan programs may require a minimum credit score or other specific criteria. Availability of products and services may vary by state, and certain products may not be available in all states. This is not a commitment to lend. Programs, rates, and terms and conditions are subject to change at any time without prior notice. All Transactions and equipment financing and leasing are offered via a TPO and products and programs may vary based on the finance company Additional terms, conditions, and restrictions may apply. Terms and conditions, Privacy Policy, Online Policy, TCPA Disclosure & Consent apply. For informational purposes only. All rights reserved. America’s Mortgage Solutions NMLS# 2009420 | Christian Penner NMLS# 368289 | https://AMS.Money/CPLinkTree | https://AMS.Money/Mortgage | Christian Penner PA Licensed Realtor| http://iRealEstateSeach.com | https://ChristianPenner.com
Notice: This is a privately owned and maintained
web site by Christian Penner specializing in
VA financing and is
not a government agency. |
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