The scary truth about VA loans... wait they aren't scary at all!

Are you a first time home buyer interested in buying a house using your VA benefits? What are the VA loan requirements and are you even eligible for one? In this video, Charlotte area realtor, Lindsay Smith and Cross Country Mortgage lender, Tyler Lombardo, sits down together to discusses VA loans & what they entail.
What is a VA loan? A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The easiest way to look at this is that it is a 100% financed loan backed by the VA.
VA loan requirements
🇺🇸Active Duty or Served 90 Continuous Days/Met length of service requirements which is generally 90 days in wartime and 181 days in peacetime/completed 90 days of active duty or 6 creditable years in selected reserve or national guard/surviving spouse of a veteran who died while in service or from a service related disability and have not remarried.
🇺🇸FICO® score at least 580 (there are exceptions for a credit score).
🇺🇸No Down Payment Required
🇺🇸Funding fees can be rolled into your loan or if the veterans has a 10% disability rating the fee is waived.
🇺🇸Debt-to-Income Ratio less than 41% per the guidelines. (Actually you can go much higher than this talk to your lender for me information on this!)
🇺🇸The home must be the borrower's primary residence but there are ways to purchase a multifamily unit.