Kokomo Veteran Project Receives Large Grant!
Kokomo Veteran Project Receives Large Grant! Kokomo Mayor Greg Goodnight has announced that the Indiana Housing & Community Development Authority awarded the Family Service Association (FSA) of Howard County a $2.5 million grant for the development of Jackson Street Commons. The facility will be a new supportive housing complex for homeless veterans in Kokomo and central Indiana. “I am extremely pleased that Jackson Street Commons was awarded this funding,” said Kokomo Mayor Greg Goodnight. “This project will provide critically needed resources for our most vulnerable veterans who have already sacrificed so much for our nation. In addition to providing much needed housing, residents will also receive important individualized support services.” FSA...
Read MoreWhat If I Can’t Find My DD 214 Form When Applying For A VA Loan?
DD 214 forms are required of veterans when applying for a VA mortgage loan, and, unfortunately, are commonly misplaced over time. The good news is that losing or misplacing your DD 214 is an easily remedied problem! For starters, let’s go ahead and define what a DD 214 is and what it is used for: A DD 214 (short for Defense Department 214) form is issued to military members upon retirement, separation, or discharge from active duty. Also called a Certificate of Release or Discharge from Active Duty, this paperwork lists the details of the veteran’s status during the time they changed to inactive and if they left honorably or dishonorably. DD 214 forms are a vital part of getting a VA loan for those applicants who are no longer in the military. They are...
Read MoreWhat Are The 2012 Requirements For A VA Home Loan?
First of all, thank you for your service to our country. We appreciate you! If you are a veteran with an honorable discharge, a surviving spouse of a veteran, or active duty member of our military, you should be eligible for a VA home loan. VA loans allow for a Veteran to purchase or refinance his/her primary residence with $0 down payment and no monthly mortgage insurance. A VA loan should be used by any Veteran who has earned it and has less than 20% down payment or equity. You may be eligible for a VA-guaranteed home loan if you are in one of these four groups: Veterans Active duty servicemembers Reservists/National Guard Surviving spouses As with any mortgage, there are many details that your mortgage adviser, realtor and title company...
Read MoreWhat Is A VA Loan Pre-Approval Letter?
A VA loan pre-approval letter is a document granted by a VA mortgage lender that states that based on preliminary information such as the potential borrower’s credit, assets, and income, that they qualify for a VA loan of a specified amount. It is different from a pre-qualification in that some or all of the submitted information is reviewed for accuracy before the letter is issued. Having a pre-approval letter from your VA lender will show home sellers that you are a qualified buyer and may lead to your offer being more seriously considered. Click here to see if you qualify for a mortgage. Once you have obtained your VA loan pre-approval letter, you will then be able to begin making offers on homes you are interested in purchasing. In order to get your VA loan...
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