2016 VA Disability Rates have been provided by the Department of Veterans Affairs for those with 10% or more disability. These rates are Effective 1Dec2014. 10-20% (No Dependents) 30-60% Without Children 30-60% With Children 70-100% Without Children 70-100% With Children FOOTNOTES: (a) Rates for each school child are … Continue reading 2016 VA Disability Rates
The Veteran’s Administration makes refinancing their mortgages pretty simple. Really simple, in fact. At Archwood Mortgage, we’ve been able to help service members reduce their mortgage payments by utilizing a program the VA calls an “Interest Rate Reduction Refinance Loan” (or IRRRL) – we call them VA Streamline Refinance mortgages. Our best loan saved the … Continue reading What is a VA Streamline Refinance?
Many parts of the country have lots and lots of Condos. They can be fantastic homes – cheaper than townhouses or single family, more convenient, lower maintenance, etc. At Archwood, we regularly get asked “Can I Buy a Condo with a VA Mortgage?” The short answer is YES! We have helped many, many Veterans get … Continue reading Can I Buy a Condo with a VA Mortgage?
Over the years at Archwood Mortgage, we have been asked “Can I have a co-signer on a VA mortgage?” often. Mortgage co-signers or co-borrowers are fairly common on FHA mortgages and less common on Conventional mortgages. The VA, on the other hand, has its own rules co-signers. For the spouse of a VA Borrower, no … Continue reading Can I have a co-signer on a VA Mortgage?
Over the years we’ve seen a few issues arise during processing of VA mortgage loans. Sometimes these are avoidable, sometimes they are just part of the process and can’t be easily foreseen. Here are 5 Common Problems with VA Home Loans: 1. Don’t assume a condo is VA approved – and be careful that townhouse … Continue reading 5 Common Problems with VA Home Loans
At Archwood, we are privileged to work with many active duty and former military service members as we get them new mortgages. In the course of our discussions with them, we find a surprising number of these folks have service-related disabilities, whether they are still on active duty or if they’ve separated from service. Often … Continue reading Am I exempt from the VA Funding Fee if I get VA Disability?
At Archwood, we have worked with many service members to structure their mortgages in the way that is most advantageous to them. If you are looking at getting a VA mortgage and have wondered, “Can I finance the VA Funding Fee?” we have your answers. It turns out there are a few options available to … Continue reading Can I finance the VA Funding Fee?
If you’ve heard about a VA Mortgage, then you may have wondered “What is the VA Funding Fee”? At Archwood, we work with many service members who get VA Mortgages. This excellent mortgage product is a little different from most other types of mortgages in that for low down-payment loans, it has a single up-front … Continue reading What is the VA Funding Fee and How much is it?
If you have served your country in the armed forces – or are doing so now – we are here to help you take advantage of your VA Mortgage Loan eligibility. We’ve helped hundreds of service members buy or refinance their homes over the years – but we still get a common question, “What is … Continue reading What is VA Mortgage Eligibility? Requirements & Qualifications
Obviously, it’s never good news to hear about a couple divorcing and our hearts go out to you if you’re going through this ordeal. Here at Archwood, we’ve had many folks come to us in the past who were getting a divorce and they wanted to know “Can I get a Mortgage while Going Through … Continue reading Can I get a Mortgage while Going Through a Divorce?