Tag Archives: VA Loans

Americans are Going Big with VA Loans

In 2013, U.S. homebuyers using loans backed by the U.S. Department of Veterans Administration (VA) bought the biggest new single-family homes by square feet out of all common loan types for the first time dating back to 1978, according to … Continue reading

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VA IRRRL Streamline Refinance

I just thought i would share some of the details of our VA IRRRL Streamline Refi for Veterans and Active Duty (Interest Rate Reduction Refinance Loan): 620 minimum fico score No appraisal required, AVM will satisfy No Asset Verification No Income … Continue reading

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My Thoughts for the Week of March 3, 2014

Proof that world conflicts can affect mortgage rates are once again in play. Turmoil in the Ukraine and Russian involvement has spooked traders throughout the world and this sends money into safe investments, like US Treasury bonds.  When demand for … Continue reading

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My Thoughts for the Week of February 10, 2014

Before I was even out of bed last Friday I was on my phone checking the January employment report with some trepidation, but it was another solid report for interest rates. The market was expecting around +185k new jobs; the … Continue reading

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My Thoughts for the Week of December 9, 2013

Last week was another week of strong economic data, causing interest rates to continue their climb week over week. The biggest contributor was the November Jobs data that once again was better than the markets were expecting. Really what this … Continue reading

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My Thoughts for the Week of November 18, 2013

The Oct employment report we received on Nov 8th was much better than expected. The market was predicting 130k new jobs, the report came back with +204k new jobs, big miss. This caused rates to jump up on the 8th. … Continue reading

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My Thoughts for the Week of Oct 28, 2013

We had a nice improvement in rates last Tuesday that helped lower 30yr fixed rates by about .125%. So what happened? We finally got the September employment report and it was less than bueno. The markets were expecting +180k new … Continue reading

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My Thoughts for the Week of Oct 21, 2013

The government shutdown is over and all systems back online, including USDA financing. Of course the underlying issues remain and we can likely expect to be back in this situation come January and February when our debt ceiling is being … Continue reading

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My Thoughts for the Week of August 6, 2012

Last week had a lot of big economic reports, including the July employment report Friday which showed double the job growth than was expected, yet the unemployment rate increased from 8.2% to 8.3%. The surprise spurred a rally in the … Continue reading

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VA Funding Fee Chart

I’m working on a VA purchase loan right now so i thought it might help to publish the VA funding fee amounts. The funding fee may be included in the loan amount provided the loan amount does not exceed the … Continue reading

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