You Need a 640 Minimum Credit Score to Get a Loan
FALSE. You can have a BLANK credit report, even as low as 560 credit score. FHA has no actual printed guidelines on credit scores. You may know someone who never established traditional credit because of their cultural or spiritual beliefs, or they just plain didn’t....
Do You Have to Apply for a Loan BEFORE You Leave the Service?
` VA – I love my veterans and was surprised that this notion is out there. One of my veteran clients came in to refinance this week. He told me that one of his nephews thought that he had apply for a VA loan before he LEFT the service or else he would miss out. ...
You Can Only Use Your VA Benefit One Time. FALSE
I was just talking to a veteran who thought he was out of the game because he bought a home using his GI Bill in 1979. He was so happy to hear that if he paid off the loan in good standing he can get reinstated and use his VA again. He will pay a higher Funding Fee...