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Video: VA Home Loan Program Eligibility

VA Loan FAQ  

2. I want to use my veteran eligibility to purchase a home. Can you do this for me?

Answer: Absolutely, this is what I do!

2. I don't have my certificate of eligibility, can you help me get one?

Answer: Yes as long we have a DD-214 or Statement of Service we can retrieve your certificate of eligibility electronicall

3. I used my VA eligibility to purchase a home before can I use it to purchase another home?

Answer: Yes

4. Why is the loan amount higher than the sales price for VA loans?

Answer: All VA loans have a funding fee which is financed on top of the loan amount. This fee negates the need for mortgage insurance

5. I am VA disabled (service related), is there is an additional discount available to me?

Answer: If you are at least 30% VA disabled, your loan will not have the traditional VA Funding Fee financed on top of the loan amount

6. Can I purchase a home with someone other than my spouse as the co-borrower?

Answer: Yes but the other applicant must be a veteran as well.

7. I don't live near Petaluma, California can you still handle my loan?

Answer: Since we do California mortgage loans we can handle your loan anywhere in the state of California

8. Can I close my home loan in my home town?

Answer: Absolutely.

9. How do all those documents get to my local Title Company?

Answer: FedEx or email.

10. I already applied to another Lender for my Home Loan; do I have to stay with them?

Answer: No you don't. You can change your mind, and decide who you want to close your loan. Transfer of your loan is an easy process

11. Can I use my VA eligibility for a Rental Property purchase?

Answer: No

12. Can I refinance my primary residence using my Veteran benefits?

Answer: Yes

13. How will I know what the prospective home or my primary residence is worth?

Answer: We will order an appraisal done by a licensed VA appraiser in your area.

14. Who controls the interest rate on Veteran Mortgages?

Answer: The market and investors but VA loan rates are typically the same or lower than conventional loans.

15. How will I know what interest rate I will get on my home loan?

Answer: After submitting the required paperwork, we lock your interest rate the same day.

16. I am a Widow/ widower of a Veteran, can I qualify?

Answer: Yes you can, provided deceased spouse died in the line of duty or from a service related cause.

17. I hate to fill out forms online; can I talk to a person?

Answer: Sure just call me at 707-763-6290!

18. I don't feel comfortable giving my financial information over the Internet, what can we do?

Answer: We will do everything over the telephone or in person

19. How long does it take to close my loan?

Answer: It varies but typically 15 to 30 days after all paperwork is submitted.

20. I am working with a Real Estate Agent.....is this O.K.?

Answer: No problem.

21. Another lender botched my loan, can I transfer my loan to you?

Answer: Sure, no problem. Unfortunately, this is all too common.

22. I want to place my loan in your hands, what's next?

Answer: Call me at 707-763-6290.

23. I want to move forward with you, what do I tell my Realtor?

Answer: Ask them to fax a copy of your contract to us at 707-762-9698 or email to js@emortgages.com, and I will give the Realtor a call to coordinate.

24. I just want to talk, can I call you?

Answer: Sure, please call me at your convenience - 707-763-6290.

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