veterans-day

How To Close On Your First Home In As Little As 21 Days

Dear Veterans & Active Military:

  • Tired of renting and looking for a place your family can call home?
  • Looking around at areas and houses you like but not sure what you can afford?
  • Wanting to buy soon but don’t have enough saved up for a 20% down payment?
  • Unavoidable life issues and emergencies leave you with a less-than-perfect credit score?
  • Finding it hard to get a loan or find the answers you need from the big banks (even the 'military friendly' ones)?

One of our clients, Todd, was Private First Class in the army, and was disabled during combat in Bosnia and was awarded several honors for his service.

When it came to trying to buy a home for his wife and children to settle into, a few credit dings made it hard for Todd to get a loan - even from the 'military-friendly banks.'"

I had been trying to buy a home for my wife and children for the last 3 years and every other bank, even the big military friendly banks, couldn't make it happen.”

After years of trying and not being able to get a loan, Todd started to lose hope of ever being able to buy his own house to raise his children in.

Fortunately, one day Todd came across one of our ads online and decided to reach out.It turned out to be one of the best decisions he ever made.

Within 40 days, we got a loan for Todd and his family when everyone else had failed him. As a result he was able to finally move into his own home with his wife and children.

“He did what no other lender could do and now my wife, children, and I are living in our dream home that we bought in April! Thank you !!!"

Veterans: You've Fought To Protect Our Country. Now It's YOUR Turn To Share In The American Dream

If you are a veteran or military active and have a credit score off 600 or above, we can help you:

  • Get a loan even if you have a less-than-perfect credit score and have been denied by other banks
  • Buy your dream home even if you don’t have enough saved for a 20% down payment
  • Break the rent-cycle and finally own a home you can raise your family in
  • Help you access special grants and discounts available to those who have served so you can buy the home you want without spending all your money
FREE 10 minute callNote: You should have a credit score of 600 or above to apply.
golden-piggy-bank-american-flag-gray-background-59643501

The “Mortgage Rebate Program” Banks Don’t Want You to Know About

Can lower your monthly payment, wipe away your PMI payment, allow purchases with $0 down and more.

(Washington, D.C.) The greatest mortgage reduction program for veterans in US History is more powerful than ever, but the banks have been keeping this a secret!

When homeowners visit the official OregonVALoanQuote.US website, they may be surprised to find out they qualify for a plan that offers them shockingly low interest rates and reduced mortgage payments

Still unknown to many, this brilliant government program could benefit millions of Americans and reduce their monthly payments, eliminate principal and interest insurance and even purchase a home with $0 down.

Homeowners have even used this program to eliminate up to 15 years of mortgage payments! You could bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out before time runs out.

So while the banks happily wait for this program to end, the government keeps the option available for you to save big on your current or future home. But the good news though is that once you’re in, you’re in. If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you, it’s vital you act now.

@© Michael Eiden | NMLS #: 16522910260 SW Greenburg Rd Suite 830 E. Portland, OR 97223 | (503) 517-2422

@Ouroregonheros.com
THIS IS AN ADVERTISEMENT AND NOT AN ACTUAL NEWS ARTICLE, BLOG, OR CONSUMER PROTECTION UPDATE

*We are dedicated to bringing readers valuable information which can help them accomplish their financial and lifestyle goals. Our disclaimer is that this site does receive compensation for product reviews and referrals or purchases made through our links. This page is an advertisement/advertorial. The story depicted here is for demonstration purposes only and everyone's results may vary. We hope you find our online resource informative and helpful.

This site is in no way affiliated with any news source. This site contains affiliate and partner links. This website and the company that owns it is not responsible for any typographical or photographic errors. If you do not agree to our terms and policies, then please leave this site immediately. All trademarks, logos, and service marks (collectively the "Trademarks") displayed are registered and/or unregistered Trademarks of their respective owners. Contents of this website are copyrighted property of the reviewer and/or this website.

Mortgage Lenders are constantly changing their policies in your state to meet demand and manage risk. Affiliated comparison sites can give you access to today's most competitive rates in your state. Example savings illustrated above is for demonstration purposes only and results will vary based on your individual qualifications which may be associated with your home's loan-to-value, home type, city and state where the home is located as well as other factors including but not limited to credit scores, employment history, residency type and other factors.

va-loan-misconceptions

VA Busts Four Home Loan Myths That Hurt Veteran Homebuyers

1 in 3 Veterans say they don’t know about this benefit

The VA Home Loan is the most powerful home buying tool on the market. It—and the GI Bill—literally reshaped post-War America, and it’s a big reason why the historic VA Loan Guaranty Program has surged since the housing crash.

Despite generations of historic success, though, several myths and misconceptions deter millions of Veterans and Service members from partaking in this benefit.

Part of the reason is the ongoing awareness battle–about 1 in 3 home buying Veterans didn’t know they had a home loan benefit, according to VA survey data. So let’s set the record straight regarding four common VA Loan myths.

Attention Oregon Veterans: It might be easier to get approved for the home of your dreams than you imagined. Veterans are entitled to benefits not available to everyone. We believe all veterans deserve to be home owners.

Click here to get started, it only takes a few minutes online. 

Find Out If You Qualify By Taking The Survey Below! 

Myth 1: This is a lousy loan product.

Fact: This is one of the best loan options on the market.

Qualified buyers can purchase up to $417,000 in most locations (see where you qualify immediately by clicking here) before needing to make a down payment. FHA loans require a 3.5-percent down payment, and many conventional lenders want at least 5 percent.

Having no mortgage insurance–a fixture of FHA loans and required for conventional loans without a 20 percent down payment–can save Veterans more than $200 every month.

It’s the same story with interest rates, which actually tend to run lower on government-backed loans. The average fixed-note rate on a 30-year VA Loan in March was 3.82 percent, compared to 3.99 percent for FHA loans and 4.11 for conventional, according to mortgage software firm Ellie Mae.

VA also limits what lenders can charge in closing costs. In addition, sellers can pay all of a buyer’s mortgage-related closing costs and up to 4 percent in concessions, which can cover things like prepaid expenses or even paying off collections and judgments at closing.

@© Michael Eiden | NMLS #: 16522910260 SW Greenburg Rd Suite 830 E. Portland, OR 97223 | (503) 517-2422

Myth: You need great credit to get one.

Fact: You don’t even need “good” credit.

VA Loans are more lenient than conventional when it comes to your credit history. In fact, VA has no credit limit, though it is true that VA lenders generally look for a 620 FICO score, which, in layman’s terms means “Fair” credit (followed by “Good” and then Excellent”). Conventional loans often require a 660 minimum credit score, although you may need more like a 740 to have a shot at the best rates and terms.

With conventional loans, you’re usually talking about a four- to seven-year wait before being able to buy again.

Myth: VA Loans take forever to close.

Fact: They close as fast as the others, and they’re also more likely to close than both conventional and FHA loans.
There’s a lingering misconception that VA buyers are weighed down by bureaucracy and paperwork. The reality is greater automation and efficiency, and other improvements in recent years have helped the VA Loan Guaranty Program more than keep pace.

In March, the average conventional and VA purchase loans each closed in 44 days, according to Ellie Mae. What’s more impressive is that VA Loans are actually more likely to close than their conventional counterparts, which is great news for buyers and sellers alike.

The same Ellie Mae data show that 70 percent of the VA purchase applications made over the previous 90 days went on to close. That’s compared to 67 percent of conventional purchase applications and just 61 percent of FHA applications.

Myth: No down payment makes these risky loans.

Fact: VA Loans have been the safest on the market since the housing crash.

Despite the $0 down benefit, VA Loans have had the lowest foreclosure rate of any mortgage type for most of the last seven years.

VA’s sound appraisal process and common-sense requirement for discretionary income (known as residual income) are key factors in the program’s safety. But the single biggest reason is the Loan Guaranty Service’s dedication to helping Veterans keep their homes.

The program tracks every VA Loan in the country. Loan Guaranty employees get notified anytime a Veteran is more than 60 days behind on their mortgage. These foreclosure avoidance specialists contact the homeowner and intervene directly with lenders and servicers to find alternatives to foreclosure.

Since 2008, the Loan Guaranty Service has helped more than 320,000 Veterans and service members avoid foreclosure. That commitment has saved taxpayers more than $11 billion in foreclosure claim payments.

Myth: This is a one-time benefit.

Fact: Once you earn this, it’s yours for life.

This is not a one-and-done benefit. Qualified Veterans can use the VA Loan Guaranty Program over and over again. In fact, it’s possible to have more than one active VA Loan at the same time. Even losing a VA Loan to foreclosure doesn’t mean you’re no longer eligible.

Any one of these myths can keep Veterans and service members from exploring their hard-earned home loan benefits. Taken together, they highlight the need for continued education and greater awareness about this historic home loan program.

Not sure if you qualify for VA home owner benefits?  Take our quick 10 Question Quiz and find out exactly what you have available.

(huge discounts on closing fee's, 0 Down, And Partnered brokers)

@© Michael Eiden | NMLS #: 16522910260 SW Greenburg Rd Suite 830 E. Portland, OR 97223 | (503) 517-2422

@© Michael Eiden | NMLS #: 16522910260 SW Greenburg Rd Suite 830 E. Portland, OR 97223 | (503) 517-2422

@Ouroregonheros.com
THIS IS AN ADVERTISEMENT AND NOT AN ACTUAL NEWS ARTICLE, BLOG, OR CONSUMER PROTECTION UPDATE

*We are dedicated to bringing readers valuable information which can help them accomplish their financial and lifestyle goals. Our disclaimer is that this site does receive compensation for product reviews and referrals or purchases made through our links. This page is an advertisement/advertorial. The story depicted here is for demonstration purposes only and everyone's results may vary. We hope you find our online resource informative and helpful.

This site is in no way affiliated with any news source. This site contains affiliate and partner links. This website and the company that owns it is not responsible for any typographical or photographic errors. If you do not agree to our terms and policies, then please leave this site immediately. All trademarks, logos, and service marks (collectively the "Trademarks") displayed are registered and/or unregistered Trademarks of their respective owners. Contents of this website are copyrighted property of the reviewer and/or this website.

Mortgage Lenders are constantly changing their policies in your state to meet demand and manage risk. Affiliated comparison sites can give you access to today's most competitive rates in your state. Example savings illustrated above is for demonstration purposes only and results will vary based on your individual qualifications which may be associated with your home's loan-to-value, home type, city and state where the home is located as well as other factors including but not limited to credit scores, employment history, residency type and other factors.