John
Loan OfficerForum Replies Created
-
Ok, guidelines for gift of equity on VA loans allow a qualified veteran to use equity in a family member’s home as a gift towards their down payment.
The family member must be a close relative, and the gift of equity can cover the difference between the home’s appraised value and the purchase price.
For purchasing a home from a family member under market value, VA guidelines require that the home’s sale price must not exceed its appraised value.
-
no, I think they pay $999 per file and your upline gets $500 of that… or something similar to that…
-
don’t forget to tell him that you have small business financing options!
-
John
MemberJuly 12, 2023 at 10:22 pm in reply to: Must Haves For A Successful Manufactured Home TransactionGreat tips for a successful manufactured home transaction! Ensure compliance with Freddie Mac, Fannie Mae, FHA, VA guidelines. Verify real property status, obtain engineering certification, locate data plate, and follow specific requirements for modular homes.
-
John
MemberJuly 12, 2023 at 9:54 pm in reply to: TEXAS ANNOUNCES LARGES PROPERTY TAX DECREASE IN HISTORYThat’s fantastic news for Texas homeowners!
-
This is going to be huge for loan officers that want to grow with somebody like you to help guide them!
-
I love pizza… we have a great place near me in Richardson, TX called Schianos http://www.schianostx.com/ , it’s about as close as you’ll find to east coast pizza in TX…
-
Hell yeah, babies and kids are more of a handful… we’ve got a herd of animals but when we go out of town, the kids come over to take care of them… go against the grain, get a cat…