Do I Qualify for a VA Mortgage?

Do I Qualify for a VA Mortgage?

It can sometimes be confusing or even intimidating navigating the  VA mortgage process. Following are some of the basics of a VA mortgage. As always, speaking with a mortgage professional who is knowledgeable about the mortgage product you’re interested in is the best way to make sure all of your questions are answered. What do you need to potentially obtain a VA mortgage? You must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries. Eligibility Requirements for VA Home Loans Servicemembers and...

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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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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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“Military Appreciation Days” 2015 is Upon Us!

“Military Appreciation Days” 2015 is Upon Us!

We sincerely appreciate our military and their families, everyday. We join the rest of the nation on the eleventh of November to celebrate and honor our veterans and current members of the military. In November of 1919, President Wilson proclaimed it to be Armistice Day; which later became Veteran’s Day. “To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations…” – President Wilson We still celebrate nearly 100 years later! Nearly 100 area...

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Interested in a VA Mortgage? Here’s What You Will Need:

Interested in a VA Mortgage? Here’s What You Will Need:

First of all… we appreciate you and/or your family member’s service! One benefit you have earned as a veteran, is the opportunity to finance a home with a VA mortgage. Of course, requirements must be meant to do so. We’ve assembled a short list of information you will want to gather before you start the loan process: Social Security numbers Residence addresses for the past two years Names and addresses of your employers over past two years Your current gross monthly salary Names, addresses, account numbers and balances on all checking and savings accounts Names, addresses, account numbers, balances and monthly payments on all open loans Addresses and loan information of other real estate owned Estimated value of furniture and personal...

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Indiana Welcomes Women’s Veteran Coordinator, Laura McKee

Indiana Welcomes Women’s Veteran Coordinator, Laura McKee

State officials say more than 33,000 female veterans live in Indiana and have served during each war period since World War II. They will now be well represented by lifelong Indiana resident, Laura McKee. Senior Master Sergeant McKee is an Air Force Reservist with the 434th Air Refueling Wing at Grissom Air Reserve Base, Indiana. She is an Assistant Chief Inflight Refueler with the 72nd Air Refueling Squadron at Grissom. She has been deployed numerous times in support of operations during Operation Iraqi and Enduring Freedom and has honorably served her country for 25 years. McKee has over 4,000 flight hours and almost 1,000 combat hours. McKee, a lifelong resident of Indiana, earned her bachelor’s degree from Indiana University and also graduated from the...

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