Anyway, I thought this was something you would want to know if you aren't familiar with it or don't do many VA loans. If you need a knowledgeable real estate professional in Madison Alabama or Hunt sville Alabama area, why don't you let me Google that for you! I also know outstanding agents in all states and Canada should you need help relocating to a new area.
Nick we do a number of VA loans and that is news to me. Also if that was a condition it should have been on the Commitment Letter when the loan was committed.
One more thing VA does not review the loans while they are going through Underwriting, they review them after the loan has closed and submitted to them. At that point they slap the Lender on the hand if they did something wrong. So this leads me to believe that this was a Lender requirement and not a VA requirement. VA was just a handy scape goat for the Lender to make an excuse for something that they require and forgot to put in the Commitment Letter when the loan was committed.
Just my opinion and we both know that my opinion and a couple of dollar might get you a cup of coffee at you local coffee shop :. It's said that they waited until the 11th hour and stalled the closing for that documentation.
Here's one I can add to the list. Woman goes to the closing table to close on her house 19 years after her husband dies. Meanwhile, she had refinanced the property several years before she sold it, so the deed was changed at that time. However, during the closing, there was a telephone call and the lawyer walks out and comes back saying, "this house was originally purchased as a VA Loan, prove that your husband is really dead.
Thanks for sharing an important information. Nick, good information to know about VA loan requirement for ventless fireplaces. I haven't done a VA loan in a very long time Hi Nick, I agree with George. I'm going to look this up. It wasn't right they wanted this new document at the 11th hour. What else is new? To enter and activate the submenu links, hit the down arrow.
Get help from Veterans Crisis Line. Enter your search text Button to start search. Paul St. Lenders Page Lenders are persons or entities private sector or government that originate, hold, service, fund, buys, sells or otherwise transfers a loan guaranteed by the Department of Veterans Affairs. Email Address Button to subscribe to email. Procedures Benefits. Lender Procedures Loan processing procedures are virtually the same as for non-refinancing loans.
A full appraisal, credit information, and underwriting are required. Generally, follow the procedures described in chapter 5 of this handbook. Category: Va lenders handbook 26 7 Show more. Procedures Getallcourses. Category: Va irrrl guidelines handbook Show more. Refinancing Foundationmortgage. Topic Topic Name See Page.
Category: Va irrrl handbook Show more. Lender Va. Category: Va lender handbook chapter 12 Show more. Chapter Benefits. Table of Contents. Current Issues. Chapter 1 - The Lender Approval Guidelines. Chapter 2 - Veterans Eligibility and Entitlement.
Chapter 4 - Credit Underwriting. Category : Free Courses Show more. Academic Free-onlinecourses. Academic Digipen.
Since VA benefits are front-loaded with a …. Category: Va lender handbook …. Refinancing Rdhloans. Benefits Digipen. Since VA benefits are front-loaded with a majority of benefits paid at the start of the academic year in fall semester, this may result in a larger balance due in the spring semester, as the cap will have been met. Category : It Courses Show more. Updated Benefits. Income Change Date April 10, , Change 10 This s ection has been updated to correct hyperlinks and to make minor grammatical edits.
There are many lenders that are not supervised by one of the entities required in …. Category : Art Courses Show more. Lenders Vba. Please also keep in mind that there have been 4 changes added to this Handbook since January , that must be incorporated into the Lenders Handbook.
This training guide is not all inclusive and does not cover every topic discussed in the Lenders Handbook. Category : Training Courses Show more. See Chapter 13, Section VA Pamphlet , Revised.
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