America's #1 Mortgage Broker, Brian Brady. You'll never wonder where he stands when you read Brian Brady. He's not always right but he's always...OPINIONATED ...
I had the good fortune of closing another VA home loan for a Navy family this month. I was stoked to read that our team delivered a superb experience for them over on a Redfin Forum : I am just going to do a cut and paste from another thread but I figured there is alot of good info I just learned thru the course of my recently closed VA loan. I have to say I found it important to consider a good agent familiar with VA. It was especially helpful during negotiations with REO's or "great deal" properties with multiple offers. A good agent can calm the seller's fears that a VA loan will take forever and isn't as strong of an offer. I had a couple of retired Marine Captains as my agents and I could speak their praises all day long. (Mike chiesl and Dan Chapman) I also had a great mortgage broker- who was able to pull off 100% financing above the previous $417 cap. Anyway you can read more of my recent experience below. Good Luck! I just got a approval on VA - the no down payment is correct but there is a 2.13% VA funding fee which can be funded into the loan (the perk with this is there is no PMI) So over 2.5 years the fee is less than paying like $300/m PMI. Also the seller needs to cover closing costs. Other than that you will be caped at 417K and after that you pay 25% on the difference. So a $450K loan - 417 = 33K and you pay 25% cash on the 33K difference so $8300 or so. Which is still lower than conventional - most ...
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