Wednesday, May 16, 2012

VA Streamlines starting next week

Great new program for VA loans.  Check it out.
§       NO income! 
§       NO assets unless funds needed to close!
§       NO DU (manual UW only)!
§       CLTV to 100% w/ funding fee
§       640+ fico; No mtg lates last 12 months
§       2055/1075 Exterior-only appraisal needed
§       Credit report for mortgage rating only
§       High-balance loan amounts OK!

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