{"id":7456,"date":"2009-03-11T20:37:21","date_gmt":"2009-03-12T03:37:21","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=7456"},"modified":"2009-03-11T20:37:21","modified_gmt":"2009-03-12T03:37:21","slug":"bloodhoundblog-radio-va-home-loan-tutorial-for-california-realtors","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7456\/bloodhoundblog-radio-va-home-loan-tutorial-for-california-realtors\/","title":{"rendered":"BloodhoundBlog Radio:  VA Home Loan Tutorial For California REALTORS"},"content":{"rendered":"<div class=\"entry-body\">\n<p>I recorded this webinar on March 11, 2009. The<a title=\"va home loan webinar\" href=\"http:\/\/recordings.talkshoe.com\/TC-81328\/TS-201992.mp3\" target=\"_blank\"> <strong>AUDIO IS HERE<\/strong><\/a><strong> <\/strong>and will open in a new window.\u00a0 Listen along and click through the links as I discuss them:<\/p>\n<ul type=\"disc\">\n<li class=\"MsoNormal\" style=\"font-family: inherit;\"><a title=\"VA 2009 loan limits\" href=\"http:\/\/www.homeloans.va.gov\/docs\/2009_county_loan_limits.pdf\"><span>The zero-down loan limits for California counties<\/span><\/a><\/li>\n<li class=\"MsoNormal\"><span>How a purchase price, above the VA loan limit, might not require a 20-30% down payment<\/span>\n<ul>\n<li class=\"MsoNormal\"> VA downpayment requirements- <a title=\"va down payment\" href=\"http:\/\/www.homeloans.va.gov\/docs\/guaranty_calculation_examples.pdf\">Example #4<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"MsoNormal\"><span>Why returning Iraq and Afghanistan veterans are buzzing about buying a home<\/span>\n<ul>\n<li class=\"MsoNormal\"> <a title=\"BAH tables\" href=\"http:\/\/www.defensetravel.dod.mil\/perdiem\/bah.html\">BAH Tables<\/a><\/li>\n<li class=\"MsoNormal\"> <a title=\"military pay scale\" href=\"http:\/\/www.dfas.mil\/militarypay\/militarypaytables.html\">Pay Scale<\/a>&#8211; 8% increase in past two years<\/li>\n<li class=\"MsoNormal\"> House Prices Down\u00a0 (use $8\/thousand)\n<ul>\n<li class=\"MsoNormal\"><a title=\"butterfield\" href=\"http:\/\/www.redfin.com\/CA\/Oceanside\/732-Butterfield-Rd-92057\/home\/3111846\">732 Butterfield, Oceanside<\/a> ($1,600\/month)<\/li>\n<li class=\"MsoNormal\"><a title=\"rio plata\" href=\"http:\/\/www.redfin.com\/CA\/Oceanside\/5346-Rio-Plata-Dr-92057\/home\/3281511\">5346 Rio Plata, Oceanside<\/a> ($2,640\/month)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"MsoNormal\"><span>How <a title=\"residual income analysis\" href=\"http:\/\/activerain.com\/blogsview\/135081\/VA-Residual-Income-Calculations\">residual income analysis<\/a> is used instead of debt-to-income ratios for underwriting purposes<\/span><\/li>\n<li class=\"MsoNormal\"><span>How to assuage the fear associated with a VA offer<\/span>\n<ul>\n<li class=\"MsoNormal\">Non-allowable costs to VETERAN<\/li>\n<li class=\"MsoNormal\"><em>Document preparation, loan closing or settlement, mailing or postage charges, escrow charges or fees, document preparation and \/ or assignment, notary, loan application, processing,undewriting fee, trustee&#8217;s fees or charges and tax service.<\/em><\/li>\n<li class=\"MsoNormal\"><em> About $1,200-$2000<\/em><\/li>\n<li class=\"MsoNormal\">WHO PAYS?\n<ul>\n<li class=\"MsoNormal\"> borrower (as a discount fee)<\/li>\n<li class=\"MsoNormal\"> lender<\/li>\n<li class=\"MsoNormal\"> real estate agents<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li class=\"MsoNormal\"><span>Why VA underwriters hardly ever challenge the VA appraisal<\/span>\n<ul>\n<li class=\"MsoNormal\"> LAPP underwriting<\/li>\n<li class=\"MsoNormal\"> Certificate of Reasonable Value<\/li>\n<\/ul>\n<\/li>\n<li class=\"MsoNormal\"><span>How VA home loans can be a <a title=\"less costly\" href=\"http:\/\/delmar.typepad.com\/brianbrady\/2009\/02\/va-home-loan-v-conventional-with-pmi-10-down-payment.html\">less costly alternative<\/a> to jumbo and FHA jumbo financing<\/span><\/li>\n<li class=\"MsoNormal\"><span>Why the VA home loans are a better alternative than <a title=\"cal vet loans\" href=\"http:\/\/www.cdva.ca.gov\/CalVetLoans\/Interest.pdf\">Cal-Vet loans<\/a><\/span><\/li>\n<li class=\"MsoNormal\"><span>How to <a title=\"va approval\" href=\"http:\/\/condopudbuilder.vba.va.gov\/2.2\/frames.html\">verify that a condominium complex is VA-approved<\/a><\/span><\/li>\n<li class=\"MsoNormal\"><span>How to secure a VA approval for a condominium complex<\/span>\n<ul>\n<li class=\"MsoNormal\"> <a title=\"fha condo approval\" href=\"https:\/\/entp.hud.gov\/idapp\/html\/condlook.cfm\">FHA condo approval<\/a><\/li>\n<li class=\"MsoNormal\"> VA guidelines for condo approval- <a title=\"lenders'a handook\" href=\"http:\/\/www.vba.va.gov\/ro\/Roanoke\/rlc\/forms\/VA%20Pamphlet%2026-7.PDF\">Lenders&#8217;s Handbook- 16A.02<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>I recorded this webinar on March 11, 2009. The AUDIO IS HERE and will open in a new window.\u00a0 Listen along and click through the links as I discuss them: The zero-down loan limits for California counties How a purchase price, above the VA loan limit, might not require a 20-30% down payment VA downpayment [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,18,5],"tags":[],"class_list":{"0":"post-7456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"category-podcast","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4751,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4751\/va-and-fha-higher-loan-limit-extension-through-2011-the-main-street-bailout\/","url_meta":{"origin":7456,"position":0},"title":"VA and FHA Higher Loan Limit Extension Through 2011: The Main Street Bailout","author":"Brian Brady","date":"September 30, 2008","format":false,"excerpt":"We don't have a \"Main Street\" in Southern California; we have the US Route 101 (or CA State Highway #1). We call it the Coast Highway, the Pacific Coast Highway, or the PCH.\u00a0 When I think of a bailout plan for Main Street, I think of it for homes within\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16310,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16310\/if-the-condominum-is-not-va-approved-how-do-i-get-a-va-home-loan-offer-accepted\/","url_meta":{"origin":7456,"position":1},"title":"If the condominum is not VA-approved, how do I get a VA home loan offer accepted?","author":"Brian Brady","date":"April 4, 2013","format":false,"excerpt":"Many veterans in California purchase properties which are classified as condominiums.\u00a0 Some are large complexes, with professional HOA management, some are small complexes (under 6 units) with no monthly HOA fee and an informal cost-sharing agreement, and some are townhomes.\u00a0 All share on thing in common--they are listed on the\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9325,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9325\/va-jumbo-mortgages-determining-the-down-payment\/","url_meta":{"origin":7456,"position":2},"title":"VA Jumbo Mortgages:  Determining The Down Payment","author":"Brian Brady","date":"July 28, 2009","format":false,"excerpt":"Sean Purcell and I are really figuring VA-guaranteed\u00a0 jumbo loans.\u00a0 We're getting a steady stream of business from high-cost California counties.\u00a0 One of the common misconceptions is that VA loans are capped at the county loan limit, like FHA and conventional mortgages.\u00a0 I'm going to walk you through the formula\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15383,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15383\/lower-va-funding-fees-as-of-november-18-2011-attract-year-end-veteran-buyers\/","url_meta":{"origin":7456,"position":3},"title":"Lower VA funding fees, as of November 18, 2011, attract year-end veteran buyers","author":"Brian Brady","date":"November 22, 2011","format":false,"excerpt":"N.B:\u00a0 On the day before I published this, HR 674 passed, reverting the funding fee amounts to the \"old\" levels.\u00a0 It was updated in VA Circular 26-11-19, published November 22, 2011.\u00a0 The \"new\" lower funding fee schedule was in effect for three days, from Nov 18-21.\u00a0 Sorry for the confusion.\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16638,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16638\/va-interest-rate-reduction-loans-irrl-and-forebearances\/","url_meta":{"origin":7456,"position":4},"title":"VA Interest Rate Reduction Loans (IRRL) and Forbearances","author":"Brian Brady","date":"August 21, 2020","format":false,"excerpt":"A VA Interest Rate Reduction Loan (IRRL) is a streamlined refinance mortgage which allows veterans to lower their interest rate and payment without an appraisal, income qualification, or assets documentation.\u00a0 It is a simple process which, over the years, has been subject to lender overlays but still offers veterans a\u2026","rel":"","context":"In &quot;Lending&quot;","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2085,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2085\/increasing-loan-limits-for-va\/","url_meta":{"origin":7456,"position":5},"title":"Increasing Loan Limits for VA","author":"Sean M. Broderick, CCIM","date":"October 24, 2007","format":false,"excerpt":"First off.. Well done to Brian, Kris and Jeff (good stuff).. I can only stand so much of the 'canned' news coverage of the situation in So Cal.. I used to work 2 1\/2 yrs in San Juan Capistrano (yes, while commuting from Northern Cal) as the \"real estate guy\"\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=7456"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7456\/revisions"}],"predecessor-version":[{"id":7459,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7456\/revisions\/7459"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}