What interest rate can i get with the VA loan and how much money do i have to make to get the loan?

Calvin your questions are very generic which can only lead to very generic answers. VA loanscome with a lot of moving parts. If you want to get specific answers I would recommend you sitting down with a trusted VA loan specialist that can help you completely qualify for a loan program with in VA. Just FYI interest rates change 3-4 times throughout the day. I am giving away 4.5% on a 30 year VA loan for clients that qualify. Normally you have to be on your job for at least 30 days before qualifing. If you are coming out of school or from service then you should have no issues. Usually if you have switched jobs lenders want to see 2 years consistency in the same line of work. Check out this web site www.homesforheroes.com as you can find a local VA specialist. I am one as well!

Calvin, Your interest rate is derived by many different variables such as credit score, loan to value, etc. You don't necessarily have to have been on your current job for a long time, just a good stable work history. Also, there is no set income figure that you have to make in order to be approved. It is all relative to how much you are looking to be approved for. I would suggest you find a good reputable mortgage banker in your local market and apply to see what you can be approved for. Hope this helped and Good Luck to you!

The answers below are excellent. As mentioned for someone to give you an accurate quote on rate and income qualifications they need to talk with you and get a few more details about your specific situation. Rates are excellent right now - as low as they have been since last November - but rates are determined by many factors - your credit score, your debt-to-income and loan-to-home value being among the most important. Until VA loan specialist has a bit more info it is difficult to give you good solid info. Please feel free to call me at 877.262.8620 or go to www.VeteransSelect.com. Linda

Hi Calvin, you only need a pay stub to qualify for VA since it is based on your service in the military or national guard. Our current VA rates start at 4.25% with 1/4 point on the 30 year fixed and we do not charge any bank fees. 4.375% is with 0 points and 0 bank fees. Your particular rate will depend on your credit score, loan amount, and property location. Please contact me at 563-344-7758 for a quick quote or visit my web site and complete the information for a quote on your specific scenario.