What a VA loan ISN'T

A VA loan ISN’T a guaranteed loan. If you have bad credit you might not qualify for a loan. However, VA does allow for a higher debt to income ratio. It is not a preapproval or pre-qualification. You will need to work with a lender for the specifics of your loan. It is not a one-time benefit. You can use your housing eligibility more than once. You will have to pay off any outstanding loans linked to a certification of eligibility and submit the proper paperwork before restoring your entitlement. The funding fee is higher for subsequent uses of your entitlement after the first unless you have a VA service rated disability percentage, which would waive the funding fee.

Catherine Seybold
Sales Agent
Coldwell Banker Residential Brokerage
catherine.seybold@cbmove.com
571-510-0456
Military Relocation Professional
Senior Real Estate Specialist


"The postings on this site are my own and don't necessarily represents Coldwell Banker positions, strategies or opinions."