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Yes, a civilian can assume a mortgage of a Virginia property. In order to get a loan for a property in Virginia, the person must have a credit check completed. If they have good credit, their chances of being approved for the loan are higher. If they have bad credit, the bank or loan officer may ask for the person to have a cosigner.
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Does the VA guarantee their mortgage loans?
Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.
What is the VA streamline loan laws?
VA streamline loans involve repayment of one's current real estate debt from the proceeds of their new VA mortgage that has the same borrower using the same property.
What are the benefits of a va refinance option?
"There are many VA refinance options. You may refinance your VA mortgage for a lower rate, you may cash out, or you may refinance your current mortgage to a VA mortgage if you qualify for one."
Where might one find VA mortgage rates?
The VA provides many services to military veterans. The best place to find the most accurate and up-to-date mortgage rates is the VA Mortgage Center. Quicken is also very accurate, and may provide the current mortgage rates.
Who offers the cheapest mortgage rates in Richmond VA?
The cheapest mortgage rates in Richmond, VA are offered by Aimloan NMLS, First Financial Services, Roundpoint Mortgage and Home Loans Today, which is the most recommended.
Can a va mortgage be assumed?
Yes by a qualifying Veteran.
What are the going rates if I want to refinance my va mortgage loan?
The rates to refinance a va mortgage loan varies. It depends on the mortgage company and the individual obtaining the mortgage. The rates for refinancing vary depending on a variety of factors. Your should talk to your mortgage company or a financial consultant to help in this endeavor.
What is the definition of a VA mortgage loan?
The definition of a VA mortgage loan is a loan that is guaranteed by the Veterans Administration. The purpose of this loan is to assist veterans and their families in obtaining home financing.
Is VA Mortgage Center legitimate?
Yes! www.vamortgagecenter.com check them out. They are also members of the BBB You can also try out http://www.vamortgage.com VA Mortgage, which is a division of First Mariner Bank.
Must my wife and I a Navy Veteran remove our revocable trust from our current mortgage while refinancing into a Veteran's Affairs 30-year term mortgage?
That decision is made by the lender and the VA. However, most lenders do not want to finance property that is held in trust.
I want to do a VA refinance on wife's fha mortgage in my name only but you I not on the deed or the original fha mortgage Lender says this isn't a refi Will it work if I am added to the Deed?
you can refi the mortgage without your wife. you do not have to ad yourself to the deed you can be placed on ded at the day of closing. VA will consider this a VA cashout mortgage, and will only go to 90% of the loan to value. Your name can be added at closing
Who is a competitor with 100 mortgages?
For the most part they are nonexistent. I found a couple 100% mortgages but you have to meet specific qualifications. The VA mortgage loan requires you to be in the military and the USDA Rural Development mortgage loan requires that the property is in a rural area and their are income requirements as well.
