I recorded this webinar on March 11, 2009. The AUDIO IS HERE and will open in a new window. Listen along and click through the links as I discuss them:
- The zero-down loan limits for California counties
- How a purchase price, above the VA loan limit, might not require a 20-30% down payment
- VA downpayment requirements- Example #4
- Why returning Iraq and Afghanistan veterans are buzzing about buying a home
- BAH Tables
- Pay Scale- 8% increase in past two years
- House Prices Down (use $8/thousand)
- 732 Butterfield, Oceanside ($1,600/month)
- 5346 Rio Plata, Oceanside ($2,640/month)
- How residual income analysis is used instead of debt-to-income ratios for underwriting purposes
- How to assuage the fear associated with a VA offer
- Non-allowable costs to VETERAN
- Document preparation, loan closing or settlement, mailing or postage charges, escrow charges or fees, document preparation and / or assignment, notary, loan application, processing,undewriting fee, trustee's fees or charges and tax service.
- About $1,200-$2000
- WHO PAYS?
- borrower (as a discount fee)
- lender
- real estate agents
- Why VA underwriters hardly ever challenge the VA appraisal
- LAPP underwriting
- Certificate of Reasonable Value
- How VA home loans can be a less costly alternative to jumbo and FHA jumbo financing
- Why the VA home loans are a better alternative than Cal-Vet loans
- How to verify that a condominium complex is VA-approved
- How to secure a VA approval for a condominium complex
- FHA condo approval
- VA guidelines for condo approval- Lenders's Handbook- 16A.02
