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WeVett
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Pros and Cons of the VA Loan
In most scenarios, a VA Loan is the most competitive loan product for military members. However, there are some reasons why a VA Loan may not be the best option.
Make sure to weigh the pros and cons so that you make the right decision!
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WeVett Home Loans specializes in VA Loans. By focusing on the military, we limit our risk, which KEEPS YOUR RATES LOW. We close quickly and communicate with you every step of the way.
GET PRE-APPROVED: wevett.com/get-started/
Use our Rapid Refinance Tool: wevett.com/va-loan-refinance-eligibility-calculator/
Try Our Military PCS Toolkit: wevett.com/pcs-toolkit/
Other Helpful Videos:
Fastest Way to Close a Home Loan
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Why You ...
Просмотров: 47

Видео

The VA Cash Out Refinance vs the VA IRRRL Process
Просмотров 34День назад
A VA Cash-Out Refinance follows more of the traditional loan process whereas a VA IRRRL is much more streamlined. Let's figure out which loan is best for you! - WeVett Home Loans specializes in VA Loans. By focusing on the military, we limit our risk, which KEEPS YOUR RATES LOW. We close quickly and communicate with you every step of the way. GET PRE-APPROVED: wevett.com/get-started/ Use our Ra...
Free VA Refinance! Is it real?
Просмотров 61Месяц назад
Is your lender telling you your refinance is free? Here's the real truth... - WeVett Home Loans specializes in VA Loans. By focusing on the military, we limit our risk, which KEEPS YOUR RATES LOW. We close quickly and communicate with you every step of the way. GET PRE-APPROVED: wevett.com/get-started/?vid=_rbX8pmjL6Y Use our Rapid Refinance Tool: wevett.com/va-loan-refinance-eligibility-calcul...
VA Loan Inspection
Просмотров 26Месяц назад
Spoiler alert: There isn't a VA Loan "inspection" requirement for your home. Check out the VA Minimum Property Requirements (MPRs): wevett.com/2024/blog/va-loan-minimum-property-requirements/ - WeVett Home Loans specializes in VA Loans. By focusing on the military, we limit our risk, which KEEPS YOUR RATES LOW. We close quickly and communicate with you every step of the way. GET PRE-APPROVED: w...
Pay Off your Mortgage Faster!
Просмотров 18Месяц назад
Pay off your mortgage faster using these two tips! - WeVett Home Loans specializes in VA Loans. By focusing on the military, we limit our risk, which KEEPS YOUR RATES LOW. We close quickly and communicate with you every step of the way. GET PRE-APPROVED: wevett.com/get-started/?vid=LkyItz0HGu0 Use our Rapid Refinance Tool: wevett.com/va-loan-refinance-eligibility-calculator/?vid=LkyItz0HGu0 Try...
Fixed Rate Mortgages vs Adjustable Rate Mortgages
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Fixed Rate Mortgages vs Adjustable Rate Mortgages
How to Calculate Your Debt to Income Ratio
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How to Calculate Your Debt to Income Ratio
Close a VA Loan in 30 Days or Less!
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Close a VA Loan in 30 Days or Less!
What is a VA IRRRL?
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What is a VA IRRRL?
VA Refinance a Rental Property
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VA Refinance a Rental Property
Never Use the VA Loan Without Knowing This
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Never Use the VA Loan Without Knowing This
VA Mandatory Occupancy: The Only Thing You Need to Know
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VA Mandatory Occupancy: The Only Thing You Need to Know
The Most Underrated Tip for First Time Homebuyers
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The Most Underrated Tip for First Time Homebuyers
Challenging a VA Appraisal
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Challenging a VA Appraisal
The Benefit of Having a VA Disability Rating
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The Benefit of Having a VA Disability Rating
What is a VA Appraisal Waiver? (Can VA Appraisals be Waived?)
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What is a VA Appraisal Waiver? (Can VA Appraisals be Waived?)
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Why Are Interest Rates Going Up?
Fastest Way to Close a Home Loan
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Fastest Way to Close a Home Loan
Does the VA have a Required Home Inspection?
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Does the VA have a Required Home Inspection?
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How Lenders Trick You
How Much to Offer on a House
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How Much to Offer on a House
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What Documents Do You Need for a VA Loan Application?
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What Documents Do You Need for a VA Loan Application?
2024 VA Loan Guide
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2024 VA Loan Guide
The Three Uniques of WeVett (Why Work with Us!)
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The Three Uniques of WeVett (Why Work with Us!)
Can Buyer Agent Commissions Be Charged on a VA Loan? (Real Estate Commission Lawsuit Update)
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Can Buyer Agent Commissions Be Charged on a VA Loan? (Real Estate Commission Lawsuit Update)
VA Loan First-Time Buyer Benefits
Просмотров 667 месяцев назад
VA Loan First-Time Buyer Benefits
What is a VA Certificate of Eligibility?
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What is a VA Certificate of Eligibility?
Do Solar Panels Affect Financing with a VA Loan?
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Do Solar Panels Affect Financing with a VA Loan?
VA Requirements for Wells
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VA Requirements for Wells

Комментарии

  • @kjdavis23
    @kjdavis23 3 дня назад

    Great vid! I am curious, what other documents do you need to provide along with the COE (e.g., bank statements, W2, etc.)?

    • @wevett
      @wevett 2 дня назад

      Hey! Good news is that we can get your COE for you during the application process. All other documents depend a bit on your situation, but for most active duty VA loans we need: 1) LES/Pay Stubs (30 days worth) 2) Recent W2s 3) Bank Statement (if you plan on bringing any money to closing - not always necessary) 4) Photo ID 5) Orders (if active duty PCS) Others that we could need depending on your income are tax returns, pension award letters and anything else to verify any unique pay sources or deposits you may need us to consider. Feel free to message me directly at evan@wevett.com or fill out a form directly on www.wevett.com. You’ll be working with myself and my focused team directly. 👍🏡🇺🇸

  • @rockyrenee
    @rockyrenee 9 дней назад

    This is so helpful, thank you

    • @wevett
      @wevett 2 дня назад

      Thank you! Here for you on any VA loan needs.

  • @dmontoyausmc
    @dmontoyausmc 18 дней назад

    What happens to your escrow

    • @wevett
      @wevett 2 дня назад

      Great question, your old escrow account on your old loan will be closed out and you’ll recieve a check for any funds that were left in it. Your new escrow account will be added to with each payment and then do payouts when necessary for your taxes, insurance and/or whatever is being escrowed for.

  • @smittyimeanlastkingofscotl3731
    @smittyimeanlastkingofscotl3731 21 день назад

    What if the property is a duplex?

    • @wevett
      @wevett 2 дня назад

      You’re good! Streamline can still be done as it’s seen as a single family 1-4 unit property. Reach out to me directly Evan@wevett.com or form fill on www.wevett.com if you’d like us to help you get started. :)

  • @gregyates7383
    @gregyates7383 Месяц назад

    Great video.

    • @wevett
      @wevett 2 дня назад

      Thank you! Feel free to check out more on www.WeVett.com or email me directly at evan@wevett.com for any VA loan help.

  • @rakusho1691
    @rakusho1691 Месяц назад

    Good info. But what if I want to have a custom home design? Is there a site that's recommended for people to go to for custom blueprints with cost of construction attached?

  • @McGeeInvestmentGroup
    @McGeeInvestmentGroup Месяц назад

    Thanks

  • @marioluna4344
    @marioluna4344 2 месяца назад

    Say I find a rural land away from city/county utilities for sale and I buy it on an owner financed loan. Can I purchase a manufactured home through VA and put it on the land? If yes, are there any additional requirements like connecting to septic, well water and solar power?

  • @comodice905
    @comodice905 2 месяца назад

    why is my lender saying my seller can pay closing cost up to 4 percent max

  • @jeffabbott403
    @jeffabbott403 2 месяца назад

    So for example, my situation $550k paid for 58 yrs old and building a new house, $550000/26400= 19 yrs. Might be more advantageous to sell vs keep. especially considering capital gains tax exemption ect?

  • @DavidRamirez-fi2ev
    @DavidRamirez-fi2ev 2 месяца назад

    Buy that quadplex yall.

  • @BigHenry-l8h
    @BigHenry-l8h 2 месяца назад

    Excellent Answer!

  • @briandeluca6908
    @briandeluca6908 3 месяца назад

    Thats not true that you can no purchase a commercial property using a va loan. Look at chapter 7 of the va loan guidlines. One can get a 4 unit with an additional one unit commercial unit

  • @johnhenry1855
    @johnhenry1855 3 месяца назад

    I just had my lender put one in. Praying for a quick positive response.

    • @thomasdoran4633
      @thomasdoran4633 10 дней назад

      How did this end up working out? Currently dealing with this.

  • @abmlady321
    @abmlady321 3 месяца назад

    Since you said boot camp does not count what about Tec School ? 119days ?

    • @ReignItAllIn
      @ReignItAllIn 7 дней назад

      Tech school does not count. It can’t be training hours.

    • @ReignItAllIn
      @ReignItAllIn 7 дней назад

      It has to be active duty, so training/ tech school hours doesn’t count.

  • @aftech7268
    @aftech7268 3 месяца назад

    Which lender do u recommend ? To buy land and place a home on it ?? 90k for the land and manf home is 98k i will use it as my primary residence, property will be in a gated community in Kansas

  • @CollinRodgers-z1n
    @CollinRodgers-z1n 3 месяца назад

    Great video. Looking to buy a piece of land for our future home but we won’t be using it as a primary residence for the next 8 years. The idea is we start paying for a piece of property we like before it becomes less affordable down the road. What are the odds this meets the VA/ lender requirements? Open to input from anyone, thanks!

  • @radfordsmith2773
    @radfordsmith2773 3 месяца назад

    My thought that a "lender has to get paid ".....What's the interest ? You borrow 250k and in 30 years you pay 600 k back.....Who got paid ? (Hint: THE LENDER)...

  • @charleslewis564
    @charleslewis564 3 месяца назад

    Does this work for veterans, whom is looking to downsize in year or two. To purchase a 2 to 4 unit building

  • @agearhart1
    @agearhart1 3 месяца назад

    VA home loan 1) Appraisal inspection 2) Terminate inspection 3) Well inspection if it’s your primary source Correct?

  • @Slowly_We_Rot
    @Slowly_We_Rot 4 месяца назад

    Is this a one time use?

    • @wevett
      @wevett 2 месяца назад

      Not at all! Once you do an IRRRL you simply restart the 210 day clock from being able to do it again. We launched a new tool to check your eligibility and if you want, you can register to be notified when eligible if you are not now. Check it out! www.wevett.com/rapidrefinance

  • @DonRobinson-le6qp
    @DonRobinson-le6qp 4 месяца назад

    Evan (Or anyone that may know), I currently live in a home that I've rented for four years. It was a brand new home when i moved in back in 2020. It's was a new subdivision back in 2020 and I live in a cul-de-sac. My home is the first home in the cul-de-sac and there are 3 lots next to my home that for some reason, they installed the plumbing and utilities, and assigned address for each lot, but never built any new houses on those 3 lots. I'm going to purchase the home I'm already living in using my VA and I would like to know, since those 3 lots next to my home are for sale, could I get a VA loan toI purchase my home and the 3 adjacent lots next to my home?

    • @wevett
      @wevett 4 месяца назад

      Sir, that is a very unique question that I cannot give you an exact answer on. My gut reaction is that the only way it could potentially work is if all lots were combined into one parcel. You're limited on multiple parcels with a VA loan, but if the parcels are combined then maybe. Feel free to reach out if you want to explore the option some more!

  • @liamoleary1699
    @liamoleary1699 4 месяца назад

    So I am active duty USCG and am planning on getting out june 2025. (will be 4 years active duty). I plan on moving back home and being a reservist. Will I be eligible as a reservist just as if i were active duty?

    • @wevett
      @wevett 4 месяца назад

      If you have Active Duty service for 4 years you should have no issue at all. Even with the Reservist time you might be just fine. You can reach out to me directly and we can check with the VA now if you'd like. Email me at Evan@wevett.com or shoot me a text/call at 316-669-5272.

  • @agathademesa8816
    @agathademesa8816 4 месяца назад

    Can you use Va Loan to buy R-4 Zoning? I plan to build like a 4 plex and live in one of them

    • @wevett
      @wevett 4 месяца назад

      You can build a 1-4 unit property. Not sure if all zoning is the same or not for that, but it's possible to build a duplex/triplex/quad as long as it is your primary residence.

  • @isdits
    @isdits 4 месяца назад

    What if you don't have a mortgage?

    • @wevett
      @wevett 4 месяца назад

      Excellent question. No, you cannot in just about every scenario (and I cannot think of one where you can). Random fact that there must be an existing lien (mortgage) to pay off.

    • @isdits
      @isdits 4 месяца назад

      @@wevett Does the amount of the lien matter?

  • @josephputnam7586
    @josephputnam7586 5 месяцев назад

    Can I use a VA loan to buy a condo in the Philippines as a primary residence?

    • @wevett
      @wevett 4 месяца назад

      Wow! Great question and sorry I do not have an answer. Not sure. While we're licensed in most US states, we are not in the territories or Philippines for that matter.

  • @chrischavez6358
    @chrischavez6358 5 месяцев назад

    🙋🏽‍♂️ bought a primary home in 2019 with a VA loan. We want to upgrade and also keep the 2019 home and rent it out. The new house will be our new primary residence. Will I be able to use a VA loan for it ?

    • @wevett
      @wevett 4 месяца назад

      Based on what you're telling me you plan on living in the new home, so most likely Yes it can work with a new VA loan. Reach out to me to discuss more specifics. Evan@wevett.com or text/call at 316-669-5272

  • @PapaBigFlame
    @PapaBigFlame 5 месяцев назад

    Very informational, thank you!

    • @wevett
      @wevett 4 месяца назад

      Thank you for watching!

  • @RealZidex
    @RealZidex 5 месяцев назад

    Came here with this question thank you for answering it! Im in South Carolina and I have a $1220 "VA Administration Fee"

    • @wevett
      @wevett 5 месяцев назад

      Glad we could help! Those fees can be sneaky. Feel free to reach out to me personally if you’d like a second quote or opinion - evan@wevett.com or 316-669-5272.

  • @Jake-be9ji
    @Jake-be9ji 5 месяцев назад

    I’m pursuing a career as a civilian firefighter and am wondering if being in the reserves will hurt my chances of getting hired since they know I’ll be away one weekend a month and might get deployed. I know they like military guys but this seems like a different can of worms.

    • @wevett
      @wevett 4 месяца назад

      Not sure man, but good luck with your decision! We've worked for some veterans turned firefighters before and we're always thankful for them.

  • @MichaelBrown-ny3et
    @MichaelBrown-ny3et 5 месяцев назад

    Buying land with a VA loan is possible, but it must be done simultaneously with constructing a new home. Google

    • @wevett
      @wevett 5 месяцев назад

      Correct sir.

  • @AgnesCongdon-xk8hr
    @AgnesCongdon-xk8hr 5 месяцев назад

    Do you work for a university or other have another reason to try to get people to get a higher education and use their VA EDUCATIONAL benefits?

    • @wevett
      @wevett 5 месяцев назад

      The GI Bill for education is an excellent benefit for veterans as well. While we don’t do those, many universities will handle those themselves via their admissions office.

  • @Scott-v8k
    @Scott-v8k 5 месяцев назад

    I am a 100% disabled veteran. Depending on the state you live in you won't have to pay property taxes on your home. I live in Wisconsin and don't pay property taxes.

    • @wevett
      @wevett 5 месяцев назад

      You are correct sir! Some states have excellent additional benefits for veterans.

  • @dancabrera465
    @dancabrera465 5 месяцев назад

    So is fhe va entitlement essentially a down payment the goverment gives you? Or you can only use it if you cant pay the mortgage? Is it giving to tou upfront to use right away?

    • @wevett
      @wevett 5 месяцев назад

      Not a direct downpayment. Think of your entitlement and the VA loan guarantee somewhat as an insurance policy. If you happen to default on a loan, the VA offers to help cover some of the losses.

  • @Jbrain0
    @Jbrain0 6 месяцев назад

    What if I’m in the guard with a 3 year contract with 90 days of active service

    • @wevett
      @wevett 4 месяца назад

      Possibly. Reach out and we can talk some more specifics. Evan@wevett.com or text/call 316-669-5272

  • @javieramparo4143
    @javieramparo4143 6 месяцев назад

    Do you do loans for Puerto Rico

    • @wevett
      @wevett 5 месяцев назад

      We cannot sir. I would recommend an online search for some potential options - we are only aware there are a few lenders who do Puerto Rico VA loans.

    • @JoelLopez-o4y
      @JoelLopez-o4y 5 месяцев назад

      I was going to ask the same thing!

  • @robertmelton325
    @robertmelton325 6 месяцев назад

    What about VA land grants?

    • @wevett
      @wevett 4 месяца назад

      Sorry, never dealt with them. Sounds like a cool concept!

  • @excellenttrader4161
    @excellenttrader4161 6 месяцев назад

    Those conflicts are with smaller less powerful nations,may play differently

    • @wevett
      @wevett 4 месяца назад

      Interesting take on that. Thank you for sharing.

  • @TazKidNoah
    @TazKidNoah 6 месяцев назад

    What is pionts?

    • @wevett
      @wevett 5 месяцев назад

      Think of points as paying money up front to get a lower rate. A “point” sounds innocent, however 1 point equals 1% of your loan value and that can get expensive quickly.

  • @kwakudabanka6542
    @kwakudabanka6542 6 месяцев назад

    Does basic training and tech school count as the 90 days or it has to be deployment?

    • @wevett
      @wevett 4 месяца назад

      Basic training time does not count. Regarding additional training it depends. If you were on Title 10 or Title 32 orders at the time then it possibly could count. Best way to know is to reach out to me and we can submit a request to the VA to see if you're eligible. Main thing we will most likely need is your retirement points statement from your unit.

  • @ronal6541
    @ronal6541 6 месяцев назад

    Song?

    • @wevett
      @wevett 4 месяца назад

      Good question... a good song.

  • @borrago
    @borrago 7 месяцев назад

    Yeah we know this already. What we need is to know what lenders WILL offer one time construction loans.

    • @wevett
      @wevett 6 месяцев назад

      In many scenarios, we can do them. Please feel free to reach out to me. Call, text or fill out a form at www.WeVett.com

  • @robertmelton325
    @robertmelton325 7 месяцев назад

    Ok.what about a Veteran over 70 ,that never used his va home loan. And is at 79% disability.???

    • @wevett
      @wevett 7 месяцев назад

      You just need to check your COE sir! Feel free to reach out to us via call or email and we can help with that as well.

  • @mauricepruitt125
    @mauricepruitt125 7 месяцев назад

    Can i buy raw land and build a metal building home

    • @wevett
      @wevett 7 месяцев назад

      If the home is a primary residence, on a foundation and meets all the standards of a traditional single family home - then yes it is possible to buy the land and do the new build at the same time.

  • @DeonteCooper-o5e
    @DeonteCooper-o5e 7 месяцев назад

    Can I finance Tesla Solar panels with a New build home into a VA loan?

    • @wevett
      @wevett 7 месяцев назад

      Great question. If it is part of the build it is possible.

  • @topx2698
    @topx2698 7 месяцев назад

    I applied last year for 125 days STP/AMRT but I was denied

    • @wevett
      @wevett 4 месяца назад

      Regarding additional training it depends. If you were on Title 10 or Title 32 orders at the time then it possibly could count. Best way to know is to reach out to me and we can submit a request to the VA to see if you're eligible. Main thing we will most likely need is your retirement points statement from your unit.

  • @tiniteamo
    @tiniteamo 7 месяцев назад

    I just finished boot camp and AIT , Do I qualify for VA Loan .. national guard member of FL .

    • @wevett
      @wevett 4 месяца назад

      Basic training time does not count. Regarding additional training it depends. If you were on Title 10 or Title 32 orders at the time then it possibly could count. Best way to know is to reach out to me and we can submit a request to the VA to see if you're eligible. Main thing we will most likely need is your retirement points statement from your unit.

  • @dakotasmithd
    @dakotasmithd 8 месяцев назад

    Incredible information! Thanks

  • @jaydoh9439
    @jaydoh9439 8 месяцев назад

    how do i contact you?

    • @wevett
      @wevett 7 месяцев назад

      Hello! You can fill out a form at www.wevett.com, or email/text/call me directly at evan@wevett.com or 316-669-5272

  • @drewg2030
    @drewg2030 8 месяцев назад

    Can I buy land and put a long stay RV as my permanent residence?

    • @wevett
      @wevett 8 месяцев назад

      Not with a VA loan. You would need to construct a home with a permanent foundation.