Dually Licensed Chad Bush
Dually LicensedForum Replies Created
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I wish I had known that while growing up in Wisconsin. I feel like I missed a good opportunity, lol.
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This is a great explanation. Very informative.
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There is a beach in southern Thailand called Monkey Beach. I’ve seen firsthand that they aren’t always super friendly with people though. Here’s a video of what it’s like.
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Good question! Qualifying for a VA loan as a veteran or service member is pretty straightforward. Here’s a quick breakdown of what you need to know.
1. Service Requirements:
- Veterans: If you served after September 7, 1980 (or October 16, 1981, for officers), you’ll usually need at least two years of service. But, if you served during wartime, the requirement is often around 90 days of active duty.
- Active Duty Service Members: You could be eligible after serving at least 90 days of continuous active duty.
- National Guard and Reservists: For eligibility, you’ll generally need to complete six years of service unless you’ve served at least 90 days of active duty.
2. Certificate of Eligibility (COE):
You’ll need a COE to verify your eligibility for a VA loan. You can request this online, through mail, or ask a lender to help you get it. It can be a pretty quick process. I got mine the same day after verifying my identity. This will also help confirm that you have met the service requirements mentioned above.
3. Credit and Income:
The VA doesn’t require a specific credit score, which makes VA loans more flexible. Lenders, however, will look at your overall credit and ability to repay the loan, but the guidelines are often more relaxed compared to other loan types.
4. Property Requirements:
The property must be your primary residence and needs to meet the VA’s standards for safety and condition.
For more detailed info, check out my article, “Everything You Need to Know About VA Loans,” where I break down all of this and more! And if you want to learn more about what you specifically qualify for, feel free to reach out to a loan officer like me. I’d be happy to help!
chadbushre.com
VA loans, backed by the U.S. Department of Veterans Affairs, allow veterans and service members to buy homes with no down payment and competitive interest rates. This guide details eligibility, types of VA loans, the application process, and financial considerations, … Continue reading
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Any advice on the best ways for a BDM to initiate those partnerships with other Realtors, particularly when you don’t already have a relationship with them?
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Great advice! Do you have any thoughts on the best way to establish new referral partners for an MLO? Is direct messaging Realtors and other professionals within LinkedIn effective if done in a targeted way (e.g., finding Realtors within a niche that aligns with my value proposition)?
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That sounds great. Thanks, Gus!
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Thanks!
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Excellent point, Gus. It’s definitely an issue for some homeowners in fire zones here in California. Companies like State Farm and Allstate have started pulling back, which means people in areas like San Bernardino are getting dropped or just can’t get coverage at all from many of these insurance companies. The only option for a lot of folks now is the California FAIR Plan which is kind of a last resort and usually way more expensive. From what I’ve seen, the California FAIR Plan is significantly more expensive. It’s averaging around $3,200 a year, compared to about $2,200 that most homebuyers were previously paying in these fire zones. That extra $1,000 can really add up, especially considering that it’s often the only option for people who live in areas with high wildfire risk. Plus, with the FAIR Plan, you often need to add more liability coverage on top of that, so it’s not just a simple fix.
The state’s trying to make it easier for insurance companies to offer coverage in wildfire areas by letting them use better tech to predict risks, which they hope will get more companies to step up. But it’s going to take some time for that to kick in, and there’s still some worry about whether this will actually help people or just give insurers a way to bump up prices. It’s not all doom and gloom, but with wildfires becoming more common, the system definitely needs reform so homeowners aren’t stuck paying much higher premiums in the many fire zones across the state.