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VA Loans

What can I currently get rate wise for a VA loan? I've been foreclosed on about five years ago and currently have rebuilt my credit and savings to acceptable levels. My credit is 746 and my current savings is around 35k. I've been in the service since the foreclosure and am now interested in getting a home. Homes I'm looking at are around 200-300k. by dennis_761_343 from Portland, Oregon. Nov 30th 2011 Reply


Mitch Poitevint: MLO-283198 (mitch.poitevintMLO283198)
#25 ranked lender in Oregon - 8 contributions

I would be glad to pre-approve for your price range. I have a Veteran that I am helping right now that had a past Foreclosure 3-years ago. Give me a call and I can help you.Mitch PoitevintPacific Residential Mortgage, Inc.Corporate Location Lake Oswego, ORPhone: 888-382-9590Email: mitch.poitevint@pacresmortgage.com

Nov 30th 2011
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Current rates are in the mid 4's for VA loans. Contact a local mortgage broker, not a bank, and apply with them. Brokers have a vast network of lenders and they can match you up to the right one based on your particular scenario. WilliamAcres.com

Nov 30th 2011
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Brian Allen (ballen)
#43 ranked lender in Maryland - 193 contributions

Was the loan 5 years ago a VA loan? if so you may not be able to restore your eligibility untill the debt is paid in full you will have to use FHA or Conventional financing. FHA requires a minium of 3 years after foreclosure, Fannie Mae requires 7 years and Freddie 5 years shorter if there were extenuating circumstances. Also restablish credit of at least 2 credit lines for FHA and 4 for conventional is required. I can be reached at ballen@accessnational.com if you have further questions or get started with your application.

Nov 30th 2011
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

I just quoted a VA loan today at 3.875%. If you would like to discuss your situation feel free to call. Thanks. Michelle & Benny 201-962-3555 TeamAmbassador@BestMortgageOption.com

Nov 30th 2011
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DOUG CAPPS (DOUG CAPPS)
#1 ranked lender in Mississippi - 208 contributions

Hey Dennis,There are some good answers on here. I just wanted to step in and say Thank You for your service! Go Army!

Dec 1st 2011
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Randy Free (rfree@opesadvisors.com)
#18 ranked lender in Oregon - 54 contributions

I would be glad to pre-approve your loan. We are a direct lender/bank and do VA loans "in-house" with efficient underwriting in the same building. We can broker loans as well, but there is no benefit. The interest rate right now would be 3.875% (APR 4.081%) with regular (still low) closing costs. With a litttle higher rate, you could have zero closing costs. I have very clear loan comparisons to help you make an informed decision. Please contact Randy Free at rfree@opesadvisors.com 541.984.5626 Ext.111

Dec 1st 2011
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Thank you for your inquiry. We would love to assist you with your loan requirements. We have both the Federal VA program and Oregon Department of Veterans Affairs loans available to qualified borrowers. From your description, it appears as though you will have a good chance to qualify, but having a live discussion with one of our loan officers would be the best method to assure that the rates we quote are specific to your individual profile. Suffice it to say, the rates are still at historical lows. Please call us, Arbor Mortgage Group, at 888-323-0422. We look forward to hearing from you!

Dec 1st 2011
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