Home Buying in Dallas>Question Details

William Reed, Home Buyer in Iraq

VA Loans

Asked by William Reed, Iraq Tue Sep 16, 2008

Help the community by answering this question:


Your question seems to be a solicitation for information on loans for veterans with the VA guaranty. Any veteran with better than a dishonorable discharge can get such a loan. If you are a resident of Texas, you can also get a Texas Veteran loan, which is not the same as VA-guaranteed loan. If your home of record is here in Texas, the lower fees and rates for TexVet should appeal to you, but not everyone can offer them.
VA financing, as well as TexVet, offer 100% of the sales price plus a certain portion of closing costs to be rolled into the loan. This may make your loan effectively 103% or more LTV (loan to value). Current TexVet rates are 5-3/8% with nominal closing costs.
You still have to qualify on the basis of income and meet the DTI (debt to income) ratios for VA, but these are more flexible than FHA or other loan types.
FHA financing by comparison requires 3 to 3-1/2% cash to be paid by the borrower.
There is another loan program that offers 100% financing similar to VA-guaranteed but it is not available inside the county of Dallas.
No matter what your requirements are, please contact us via my profile or the websites for more information.
Web Reference: http://www.Mortgages-TX.com
1 vote Thank Flag Link Wed Sep 17, 2008
Get as much info as you want on VA Loans at http://www.lowvarates.com
Web Reference: http://www.lowvarates.com/
0 votes Thank Flag Link Thu Apr 22, 2010
I am a Dallas realtor and Dallas loan officer we do VA loans. How can I assist you, we do work the military who are currently serving outside of the USA. Therefore when you arrive your file and home search is ready to go.

Contact my office 972-699-9111

http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Dec 1, 2008
When are you coming home?

Be safe....and Happy Thanksgiving.......Thanks for your service.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Wed Nov 26, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
Please review my profile and email me or give me a call at: 913-338-5363 ext 1008. No obligation, no cost, just good information. If I can earn your business great! If not... no harn, no foul.
0 votes Thank Flag Link Tue Nov 25, 2008
I have several Loan officers on my website with their contact information if you want to take a look.
0 votes Thank Flag Link Fri Nov 21, 2008
Well, I guess I ought to say that Doug is our in-house lender with our company. I do have several others that I have used with success, but I recently met with a client that I had never met in Doug's company's offices for safety reasons. (His office was closer to the home he wanted to see than our office.) The client is planning to go VA , and Doug was enthusiastic about working with him on a VA mortgage.

During the subprime days, a lot of folks were steered away from VA loans because of some of the safeguards for vets that were built into the process but were obstacles and nuisances for some lenders.

For instance, when we got our VA loan in 1983, we were required to get an inspection by a VA approved inspector. Today virtually every realtor will do almost anything within their powers to make sure that any buyer gets an inspection on any prospective home purchase. An ounce of prevention .... Better safe than ...

There's a reason we have those old sayings.
0 votes Thank Flag Link Wed Sep 24, 2008
I second Doug Batemans Team but i also use Ryan Williams with Texas Capital Lender rwilliams@txcapital.net
Web Reference: http://www.nuhomesource.com
0 votes Thank Flag Link Tue Sep 23, 2008
We bought our first home in 1983 on a 100% VA loan.

Things have changed a lot since then, but with all the vets coming back and the changing dynamics of the real estate and mortgage markets, I anticipate that VA loans will have a resurgence.

This link (http://www.teambateman.com) is to one of the mortgage companies I use. Their website is very user friendly and should help you explore the issue fully.

Here is the link to the Veteran's information portal at the VA website. It is designed for the veteran's use and includes an application. https://vip.vba.va.gov/portal/VBAH/Home

Texas veterans also have additional resources available to them from the Texas Veterans' Land Board. Here is that website also. http://www.glo.state.tx.us/vlb/

I'd love to work with you and your family. Free free to contact me.
0 votes Thank Flag Link Sun Sep 21, 2008
Grat oportunity. You need %3.5. contac a lender or of you dont have just contact me, I would love to help.
0 votes Thank Flag Link Wed Sep 17, 2008
Normally the best option if you qualify.
When I see people try to talk you out of them it is usually because they don't understand them.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Tue Sep 16, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
Yes? Did you hit enter too early?
I do VA loans locally.... please re-enter your question and I will try to answer.
0 votes Thank Flag Link Tue Sep 16, 2008
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