

@DeptVetAffairs remove credit scores for veterans of va backed home loans. #endveteranhomelesness
Not asking for free money but how can we benefit if there hurdles keep us from veteran benefits especially with traditional methods won’t work. I’m not trying to use 400k. But if I can to build @NorthWendover then sure. It would be great for veterans and family members.
To qualify for a VA home loan, you or your spouse must meet one of the following requirements:
You served 90 consecutive days of active duty
•You served 181 days of active duty during peacetime
•You served more than 6 years with the National Guard or Active Duty
•You are the spouse of a military member who died in the line of duty, or as a result of a service-related disability
Other requirements for VA home loans include:
•Being able to afford
•The property must appraise for at least the purchase price
•The property must be a conventional family home
The property must meet basic property condition requirements (minimum property requirements, or MPRs)
•The lender will review your creditworthiness
VA-backed loans offer long amortization terms.
What Is A VA Construction Loan?
VA construction loans are short-term loans that will help you cover the cost of constructing a new home. Instead of coming as one upfront payment, a VA construction loan only pays for the portions of your home that are completed.
In many cases, a VA construction loan will have no down payment requirement. And if you choose not to make a down payment, you won’t be required to pay private mortgage insurance (PMI). Another advantage of a VA construction loan is that some borrowers who take out this type of loan are exempt from paying the VA funding fee, which typically accompanies a standard VA loan. This exemption applies to those receiving VA disability, and it’s likewise the case for qualified surviving spouses.
Perhaps you’re familiar with the common types of VA loans, where you receive a lump-sum payment to buy an existing home. But what if you’re an active-duty service member or you’re qualifying National Guard personnel, an eligible reservist, a qualifying surviving spouse or a veteran looking to build your own home? If this is you, a VA construction loan may be an excellent option.
@KamalaHarris @VP @realDonaldTrump