We offer VA Purchase, VA Refinance, VA IRRRL (VA Streamline), VA Cash Out Refinance, JUMBO VA IRRRL, JUMBO VA Purchase, JUMBO VA Refinance, and VA on MANUFACTURED Homes throughout New Jersey. Call us 7 days a week at 973 979 4100 to discuss your VA home loan or visit us 7 days a week at www.bartprequalifies.com

As a former Navy Corpsman, native of New Jersey, and loan officer with over 25 years in the mortgage business, I would appreciate the opportunity to assist you with your VA loan.

About the VA Home Loan Guaranty
VA home loans are handled by loan officers who have to lenders that offer VA HOME LOANS. VA loans are backed by the VA by guaranteeing a portion of it. If something goes wrong and you can't make the payments anymore, the lending institution can come to VA to cover any losses they might incur. The VA loan guaranty is the "insurance" that the VA provides the lender.
VA Home Loan Advantages
oNo down payment as long as the sales price does not exceed the appraised value or it is a JUMBO VA LOAN (which requires 25% of the difference between the loan amount and the VA loan limit for your area.)
oNo private mortgage insurance premium requirement.
oVA rules limit the amount you can be charged for closing costs.
oClosing costs may be paid by the seller.
oThe lender can not charge you a penalty fee if you pay the loan off early AKA pre-payment penalty.
oVA may be able to provide you some assistance if you run into difficulty making payments.
You should also know that:
oYou don't have to be a first-time homebuyer.
oYou can reuse the benefit.
oVA-backed loans are assumable, as long as the person assuming the loan qualifies.

Basic Guidelines:
o620 or higher middle score
oCOE (certificate of eligibility)
oDD 214

Items Needed When Applying for VA Loan with me:
oI will need to pull a credit report in my name to determine your debt to income ratio and credit scores.
oPast 2 years residence addresses.
oColor copy of you social security card and driver's license.
oCOE and a copy of DD214
o2 most recent paystubs (not required for an IRRRL)
o2 most recent bank statements
oPast 2 years of income taxes. For self employed individuals, provide past 2 years personal returns along with current income statement and balance sheet. (not required for an IRRRL)
oFor purchases, I need an executed contract, signed by all parties.

To determine if you meet our lender guidelines, please contact us at 800 315 8803, or 973 979 4100 - 7 days a week. You can also visit us 24/7 at www. bartprequalifies.com

VA Loan Limits for NEW JERSEY by County:

Atlantic County$417,000.00
Bergen $722,500.00
Burlington$417,000.00
Camden$417,000.00
Cape May$417,000.00
Cumberland$417,000.00
Essex$722,500.00
Gloucester$417,000.00
Hudson$722,500.00
Hunterdon$722,500.00
Mercer$417,000.00
Middlesex$722,500.00
Monmouth$722,500.00
Morris$722,500.00
Ocean$722,500.00
Passaic$722,500.00
Salem$417,000.00
Somerset$722,500.00
Sussex$722,500.00
Union$722,500.00

***Anything above the VA limit is considered JUMBO. We offer JUMBO VA IRRL loans, JUMBO VA Purchase, and JUMBO VA Refinance. Call us 7 days a week at 800 315 8803 or 973 979 4100 to discuss you VA loan. You can also visit us at www.bartprequalifies.com

Other Helpful Information:
The VA has outlined allowable fees and non allowable fees for any type of a VA loan. Below are the ALLOWABLE FEES that can be charged for a VA mortgage transaction:
oAppraisal (if required by the lender guidelines)
oHome inspection
oCredit report
oPrepaid Items i.e. taxes, homeowner's insurance, assessments etc.
oInitial deposit for the tax insurance account
oHazard insurance
oFlood insurance if in a flood zone
oSurvey
oTitle examination and insurance
oVA funding fee (unless exempt)

If you are unsure about any fees being charged for your VA loan, feel free to contact me 7 days a week at 800 315 8803, or 973 979 4100 or visit me at www.bartprequalifes.com

As a former Navy Corpsman, native of New Jersey, and loan officer with over 25 years in the mortgage business, I look forward to assisting you with your VA loan.