VA Appraisals – What’s the Scoop?

VA Appraisals – What’s the Scoop?

Before your home can be approved for VA loan financing, a VA appraisal must be completed. A VA appraisal involves a thorough inspection of the home and property to determine the current market value of the home. This appraisal is especially geared towards reporting any defects involving safety or security of the home. How does this fit into the VA loan process? Even though the VA’s primary focus is to assist veterans in financing a home, the VA must also take precautions to protect the investments of both the borrower and the VA itself via an appraisal. Let’s say that a veteran or member of the military found a house that he wanted to purchase for $100,000. The house seems to be exactly what he’s looking for; single story, pool in the backyard, freshly...

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MSG Guy Woodhouse Honored With 13 Service Medals

MSG Guy Woodhouse Honored With 13 Service Medals

I’ve had the pleasure of personally knowing most of this family for most of my life. They are wonderful, hard working people. I recently came to find out that their father, Guy Woodhouse, is the most decorated war hero in the history of Miami County.  They would never ask for accolades or public praise, but Mr. Woodhouse is so deserving of the recognition he is getting. Following is how this amazing honor came about: Tucked away in her mother’s suitcase in an attic were plenty of pictures of Valerie Johnston’s dad, Master Sergeant Guy Woodhouse. She didn’t find any service medals. “I’d heard from my brothers, talking about he’d gotten the Silver Star and the Bronze Star but I didn’t know about all the other stuff,” said Johnston. In...

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Camp Atterbury, IN – Home of New Veterans Medical Facility

Camp Atterbury, IN – Home of New Veterans Medical Facility

A new veterans medical facility is the first of its kind in the state. The Wakeman VA Clinic at Camp Atterbury offers primary medical care, physical therapy, mental health assessments and technology-based, long-distance clinical health care. Governor Mike Pence, along with representatives from the Indiana National Guard and the Richard L. Roudebush VA Medical Center in Indianapolis, cut the ribbon on the clinic Wednesday. The clinic spans about 10,000 square feet between two facilities with a goal of alleviating the Roudebush VA Center and providing an additional option for veteran care. “I’m thankful today to dedicate the Wakeman VA Clinic at Camp Atterbury to allow greater access to health care for our veterans,” said Pence. “This clinic...

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How to Get Your Military Discharge Papers

How to Get Your Military Discharge Papers

If you’ve been discharged from military service, your personnel files are stored at the National Archives and Records Administration (NARA). They are the official repository for records of military personnel who have been discharged from the U.S. Air Force, Army, Marine Corps, Navy and Coast Guard. Recent military service and medical records are not online. However, most veterans and their next-of-kin can obtain free copies of their DD Form 214 (Report of Separation) and other records several ways: Use the eVetRecs system to create your request Mail or Fax a Standard Form SF-180 Learn more about requesting military service records Military personnel records are primarily administrative records and can contain information such...

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Will Divorce Affect My VA Loan Eligibility?

Will Divorce Affect My VA Loan Eligibility?

Divorce in itself can be a stressful time. We hope to shed some light on how it may or may not affect your VA mortgage loan. If the VA Mortgage is only filed under the veteran’s name A VA mortgage is only available due to the veteran’s eligibility for the loan.  After a VA loan is processed, the guaranty will remain with the mortgage even if the borrowing veteran or member of the armed forces stops living there. The only way the VA loan guaranty will be removed is if the loan is refinanced by the former spouse into a conventional mortgage, which will then make the military borrower again eligible for a new VA mortgage. If the VA Mortgage is held jointly  If the name of each spouse is on the mortgage, and if they both work the couple may qualify for a...

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