Have you ever had a VA in the past? if so, it needs to be completely paid off before you are eligible for another. Find a good reputable mortgage broker or banker and get a certificate of pre-approval You will need to supply (we call it the rule of 2) 2 years worth of tax returns, 2 month of bank statements and your last 2 paystubs. Also all your military documentation especially your DD 214. Once you have your certificate your ready to go shopping.
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New on Our BlogFannie Mae Makes Several Changes to Conforming Loans Thu, 05 Dec 2013 21:00:18 GMT by Shashank Shekhar In the recent release of its underwriting platform called Desktop Underwriting (DU in short), Fannie Mae has made several changes to Conforming loans guidelines. Let’s look at the highlights: No more 40 Year and Interest Only Loans – Fannie Mae has retired loans with amortization terms greater than 360 months, which means no more 40
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