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The depends on the type of loan. A VA (Veterans Affairs) home loan requires a certificate of eligibility, VA appraisal, and acceptable financial status.

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Q: What are the minimum VA loan requirements?
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What are the minimum requirements for a Greenwoods loan?

The most efficient way to figure out the minimum requirements for a Greenwood loan is to consult a fianial advisor.


What are the minimum requirements for a student loan?

collateral like house or land


If you served in the Navy are you automatically qualified for a VA loan?

If you served a certain length of time, you are automatically eligible to apply for a VA loan, altho other factors may effect whether you are qualified for such a loan. First, you must be sure you meet the eligibility requirements of service. At that point, you would be best served to consult a VA loan specialist to help determine if you meet certain qualification requirements to obtain the loan.


What are the requirements to apply for a VA loan in Dallas, Texas?

The requirements are the same nationwide. You need to either be serving or have served in the armed forces, have a good credit score, and have sufficient income to pay back the loan. Note that there's a limit on the amount that the VA will guarantee.


What are the general requirements to obtain a VA refinance loan?

Obtaining a VA refinance loan is not as hard as some individuals claim, however, there are a few general requirements. To obtain a refinance loan, individuals must reside in a home, have a qualifying credit, have the home appraised by a certified appraiser, as well as provide income verification.


Do I need to be a Virginia resident to get a Va. state loan?

Residency is one of the requirements to obtaining a VA state loan. Achieving residency is not a long process though. It can be done in less than one year.


How could one obtain a home loan in VA if they had bad credit?

You can always obtain a home loan in VA no matter how your credit history appears to be. No minimum credit score as well as no minimum income can offer great flexibility and relaxed standards even to people with significant economical difficulties.


What do you need to qualify for a VA loan?

VA loans are specifically for returning veterans who cannot otherwise qualify for a loan due to bad credit, or other reasons. You must also be able to pay the 3.15% VA loan funding fee to receive this loan.


What are some of the requirements for a home loan?

The minimum requirements to qualify for a home loan are having the down payment, having limited debt, having a good credit history, and having stable employment. The better a person stands with these requirements, the greater they have of obtaining a home loan and getting a low rate.


Who's eligible for a VA-backed loan?

Veterans are eligible for a VA-backed loan. Veterans who were released are also eligible for VA-backed loan.


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.


Where could one find more information on the VA loan rate?

A VA loan is one for military members. To find out about getting a loan, benefits, and loan rates one can visit the website for veterans united or the VA loan.