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Looking for VA Loans in Washington?

this would be my second mortgage and my fico credit score is 725. I would be getting the house with my husband (its his first mortgage). how can iget the best rate by karendice8907 from Gold Bar, Washington. May 27th 2015 Reply


You can get the best rate by applying for an owner occupied loan. Rates are currently in the 3.50 - 3.875 range. Please apply online@ www.equitusmortgage.com when you are ready to get approved.

May 27th 2015
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Michael Patterson (MichaelPatterson)
#52 ranked lender in Washington - 71 contributions

Hello! I'm very happy to answer your VA loan questions... there are some clarification questions we would need to discuss to know your exact situation, but here are some points to possibly consider. Generally speaking, if you've already used your VA eligibility, there are still options for getting your VA benefits restored and utilizing the remaining benefits for another owner occupied home purchase. The VA will require a brief explanation as to why the current home isn't meeting your housing needs. (Size, location, inability to sell and need to keep as a rental due to a relocation for work, etc...) We help veteran buyers put in their requests to get their eligibility restored and find out what remaining benefits are available. These requests are initiated through the VA Portal, but ultimately researched and approved through the Atlanta office. (Denver is the VA Home Loan Center that covers WA State, but they defer to the Atlanta office for the eligibility requests. We can put you in touch with the correct department to streamline the request. This can take a few days, so it's important to do this early in your approval process.) That eligibility certificate will determine what your benefit levels are, whether a VA funding fee is required (ANY level of VA disability these days usually results in the funding fee being waived.) This eligibility level will determine if a down payment is required for a second VA loan. Alternatively, as we don't know your entire situation here... If your husband is using his VA eligibility instead, then you can still be on the new loan as a spouse, even if you have an existing VA loan. Rental income can be used on the departing residence without need of proving an equity position. That can help offset the mortgage on the other home and improve your overall debt ratios and satisfy your residual monthly net income requirements. As you can see, there are a few moving parts, but easily navigated depending on your personal situation. As a daily course of business, we do not charge the standard 1% loan origination fee that is common with VA lenders, and we also do not bill the veteran for underwriting or processing fees. Therefore, in combination with the seller customarily paying the veteran's escrow settlement fees, the closing costs are extremely low on our VA loan products. We are also highly competitive on rates as well. If you would like to chat briefly to get some more specific answers, I'm happy to offer my help. Reach out via phone or email! ;) (Disclaimer required: Michael Patterson, Branch Manager - NMLS / WA MLO # 69386 206.423.4000 - Equal Housing Opportunity Lender. Rates, Program, Fees, and Guidelines are subject to change without notice. Restrictions apply. Not a commitment to lend. Land Home only conducts business in states we are approved to. 22525 SE 64th Place, Suite 220, Issaquah, WA 98027. Washington Consumer Loan Branch Office License #CL-89331. Corp. NMLS #1796 - http://landhomenw.com/contact.htm )

May 27th 2015
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Dalibor Vavrek (Dalibor)
#90 ranked lender in Washington - 24 contributions

You can use your VA eligibility again to purchase a home once it has been restored.We can find that out for you. With your scores we can offer 3.25% (3.313% APR) on 30 Year Fixed MortgageNO POINTS.Please contact me at 425-351-5363 or daliborv@wfmtg.comDalibor Vavrek MLO90063 WAFIRST Mortgage in Kirkland CL854647

May 27th 2015
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Dave Skow (daveskow)
#16 ranked lender in Washington - 143 contributions

5/27/2015Karen - thanks for the post/ question ......when you say " second mortgage " do you presently won a home and if so - is there a VA loan on this home ? IF you own a home are you planning to sell it before buying or rent it ?I would recommend beginning a loan pre approval process to find out all options and to make sure you are able to qualify for what you need/ want ...this process is relatively easy and free...let us know if we can help ...Dave Skow 206 714 9745 daveskow@eaglehm.com

May 27th 2015
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