Loan Limits Increased For 2018
Nov 28 2017Higher loan limits have just been announced for 2018. This is great news for anyone looking to purchase a home in the coming year. It is not yet confirmed that FHA and VA... »
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Author: Chapman Lending Team
2018 San Diego VA Loan Limit
Nov 28 2017
The 2018 VA Loan Limits have been released.
The VA loan program does not have a maximum amount a veteran can borrow using a VA loan. For 2018, the ZERO down payment limit will... »
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Army-Navy Golf Classic
Nov 16 2017
On December 8th, 2017, The Chapman Lending Team is proud to sponsor the Army-Navy golf tournament at Admiral Baker Golf Course. Each year the U.S. Naval Academy gives classmates and friends the opportunity... »
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Disability Ratings and the VA Loan
Nov 2 2017Most people are already aware that one of the perks of using a VA loan is the zero down payment for homes that are under the loan limits provided for your specific county. ... »
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There are many different things that can affect your VA Home Loan eligibility and your military discharge is definitely one of them. There are 3 types of discharges that are accepted by the... »
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What is an Earnest Money Deposit?
Aug 17 2017
Earnest money is a deposit made to a seller to prove a buyer’s good faith in a transaction. This deposit is a fraction of your down payment which indicates to the seller your... »
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Foreclosure and VA Home Loans
Jul 27 2017
Even with the great rates that a VA loan provides, unforeseen circumstances can arise where the veteran is unable to pay for their mortgage any longer. If a foreclosure seems likely the veteran... »
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CalVet vs. VA Home Loans
Jul 20 2017 CalVet Loans are based on CA bond rates
Most active duty and veterans are aware that due to their service they are entitled to one of the best home loans... »
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Can a Surviving Spouse Use a VA Loan?
Jul 7 2017
The VA guidelines before 2012 stated that only spouses who died from military-related causes would be allowed to have VA benefits. Since then the VA has changed their stance on loan eligibility for... »
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Can You Receive Gift Funds For a VA Home Loan?
Jun 23 2017
Veterans are in a unique position when it comes to home loans. They are offered a number of great benefits such as easier qualifying, extremely competitive rates and of course zero money down. ... »
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What is the VA EEM?
Jun 16 2017
Today’s buyers are considered to be more energy efficient than ever and they are choosing to find homes that are considered to be more eco-friendly. However, finding the right home for the right... »
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When purchasing a home, a crucial part of the process is to have the home appraised. VA Appraisers inspect the interior and surrounding property in order to establish the value of a home. ... »
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VA Loan Assumption
May 4 2017After using your VA loan many active duty military find themselves in the position in the future where they need to sell their home. This can be because they may face a permanent... »
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Solar is becoming more popular than ever due to the fact that homeowners can save money as well as make their house "green." But when buying or selling a home solar panels can... »
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Why is there a misconception out there that if a seller accepts a VA offer, they will have to pay more in closing costs?
Whether you are the buyer or seller, closing costs are... »
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Tax Benefits of Being a Homeowner
Mar 17 2017
THE TAX BENEFITS OF BEING A HOMEOWNER
When purchasing or selling a home, one should consider the many tax benefits. Buying a home is usually the biggest investments a person will ever make. Due... »
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VA Loan Bonus Entitlements
Mar 10 2017
This topic is sometimes difficult for veterans to understand therefore when we break it down it seems to be a little less frustrating. First of all, when addressing the bonus entitlement if you... »
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Housing is the biggest expense for most Americans and it accounts for more than 30 percent of a household's yearly expenditures. Of course, housing costs vary greatly depending on where you live and... »
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The Disabled Veterans' Exemption reduces property tax liability for qualified veterans. These veterans must have been rated 100% disabled or are being compensated at the 100% rate due to unemployment due to a... »
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Can a VA Loan Be Passed to a Spouse or Children?
Feb 16 2017
While the majority of servicemembers and veterans are eligible for a VA home Loan, what are the requirements for spouses or even children? When looking into the VA Loan eligibilty there are always... »
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VA Disability Can Save You Thousands in VA Loan Fees
Most veterans with disabilities caused by injuries sustained in service will likely be eligible for a VA home loan. Disabled... »
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Condition Requirements For a VA Loan
Jan 20 2017
When considering a VA loan there are some property requirements that need to be met before a loan can be qualified. The VA's minimum property requirements or MPRs can help point you in the... »
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What is a VA Jumbo Loan?
Jan 5 2017
VA jumbo loans are mortgage loans above the standard county loan limits. Starting January 2017, the standard county limit is $424,100 for most areas of the country. A VA loan buyer can purchase... »
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Termite Inspections and the VA Loan
Dec 22 2016
As most people know there are many benefits to the VA loan that other loans do not possess. But one requirement that is specific to the VA loan is pest inspections. Termites can... »
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Can Student Loans Affect VA Loans?
Dec 6 2016Nearly 70% of College graduates have some sort of student loan debt, with an average of $37,000 in 2016. Just like any other debt, your student loans will be considered in your debt-to-income... »
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2017 San Diego VA Loan Limits
Nov 30 2016
The 2017 VA Loan Limits have been released.
The VA loan program does not have a maximum amount a veteran can borrow using a VA loan. For 2017, the ZERO down payment limit will... »
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What if I have used a VA loan in the past?
Nov 4 2016
Most people have the ideal that once they find the perfect house they will live there forever. Unfortunately, that is not always the case. Your circumstances change and you may find your "perfect"... »
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Can Your Children Impact Your VA Loan?
Oct 26 2016
Believe it or not but having a child or children can have an affect on your VA home loan. There are 3 main areas that can have a huge affect on whether or... »
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Manufactured Housing and the VA Loan
Oct 25 2016
Manufactured or modular houses have an appeal to buyers because of their cheaper prices than the standard houses that are built from the ground up. Living in a place such as San Diego,... »
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Investment Property and VA Loans
Oct 21 2016
One of the benefits of the VA home loan is that an active duty member or a veteran can purchase a house of their dreams. But a common question regarding their loan is... »
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What are the Closing Costs for a VA Loan?
Oct 20 2016
What are the Closing Costs for a VA Loan?
Closing costs are the costs and fees associated with acquiring and finalizing a home purchase or refinance. Unfortunately, most of them must be paid before you... »
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What documents do I need for a VA Loan?
Oct 12 2016
What documents do I need for a VA Loan?
The VA Home Loan is widely considered to be the best mortgage available in today's market for active duty military and veterans. Eligible veterans are... »
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How do I get my VA Loan Certificate of Eligibility?
A good lender will get it for you! After establishing that you are eligible for a VA Loan, you will receive your Certificate of... »
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What is a VA Home Loan?
Oct 7 2016What is a VA Home Loan? Why should I consider a VA Loan?
A VA Home Loan is a mortgage loan issued by approved vendors and guaranteed by the government. These loans have helped... »
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Most veterans know they can purchase a home with ZERO down payment with a VA loan. However, when refinancing with a VA loan, can one pull out 100% of the home's value?
The short... »
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Can an eligible veteran use his/her VA Home Loan benefit to purchase a multi-unit property up to 4 units? Yes!!
The veteran must plan to occupy one of the units, and they can rent... »
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Can I Include my Spouse’s Income For a VA Loan?
Mar 18 2016
Can an eligible veteran/active duty VA buyer include his/her non military spouse's income on a VA Loan?
YES YOU CAN!
Even if the spouse is not VA Loan eligible, you can use their income to... »
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What and How Much is the VA Funding Fee?
Feb 3 2016
What is the VA Funding Fee? How Much is the VA Funding Fee?
The VA funding fee is a set fee applied to every purchase loan or refinance. The proceeds go directly to the... »
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