you were approached by non-VMRP representatives offering VMRP-related financial assistance, charging a fee for application assistance, or requesting your personal information, please submit a Fraud, Waste and Abuse Allegation Reporting Form, call 800-228-4167, or email outreach@virginiamortgagerelief....
A VA loan is a mortgage that is backed by theDepartment of Veteran Affairs, commonly referred to as the “VA”. VA home loans originated in 1944 as part of the original Servicemen’s Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President ...
Comprehensive help: In years past, service members sometimes applied multiple times for mortgage help, sending in the same information and documents time and again. Now one submission should be enough. Servicers have to exhaust all potential mortgage-relief options once an application is received. C...
VA loan closing costs are typically 1-5% of the loan amount. So for a $200,000 mortgage loan, closing costs could be anywhere from $2,000 to $10,000. Part of the reason VA closing costs vary so much is that the VA funding fee can be anywhere from 0.5% to 3.6% of the loan amo...
Home buying and refinance news and advice for first time home buyers, repeat buyers and homeowners -- FHA, VA, USDA, Conventional, PMI, jumbo mortgage programs. FHA streamline, VA streamline, and cash out.
The VA home loan is arguably the best mortgage product on the market today. This type of home loan is only available to eligible veterans and active duty service members of the U.S. military. Considering there are over 23 million veterans, according to a 2009 VA study, this program is av...
On March 27th President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (HR 748) into law. The CARES Act provides mortgage forbearance relief to homeowners that have a federally backed mortgage who’ve been impacted by the COVID-19 pandemic. Skipping mortgage payments...
These programs are transforming the way homeowners with certain government mortgage loans—like a Federal Housing Administration (FHA) mortgage—get financial relief, including people who thought they’d never qualify. “An FHA streamline is a unique loan program because there is no income ...
Powered by Mortgage Research Center, LLC | NMLS 1907 VA Health Care Eligibility Questionnaire Let’s start by looking at some basic eligibility requirements, based on the VA health care eligibility questionnaire: 1. Are any of these statements true? You served in the active military, naval, or...
The Heroes Program provides low VA home loan rates to first-time homebuyers who meet income and sales price restrictions. Veterans can learn more about current VA mortgage rates by calling 888-362-6432, or they may apply for a federal VA home loan by submitting a Request for a Certificate ...