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VA Appraisals
VA Disability and Entitlement
Branches of the Military
Why is a VA Loan so Awesome
Why BOOYAH!
100
1. Access is year-round, independent of your neighbor’s property and has enough space between buildings for exterior upkeep. 2.The Roof is free of leaks and any repairs are done consist of removing old shingles with 3 or more layers before replacing with new ones. 3.Site has proper drainage away from structure and ground cover is stable; and the property cannot be within the easement of high voltage transmitters or gas or petroleum pipelines -- if within 220 yards of a gas or petroleum pipeline, additional approval is needed.
What are 3 MPR's (Minimum Property Requirements) on a VA Appraisal?
100
10% or more
At what Service Connected Disability rating Percentage is the VA Funding fee waived?
100
November 10, 1775, in Tun Tavern
When was the Marine Corps founded?
100
No PMI 100% Financing No Funding fee for 10% or more Disability
What are 3 Advantages of a VA home Loan?
100
0
How much Lender fees does Booyah Charge?
200
1. Determine the home’s fair market value. 2. Ensure the property meets the VA’s Minimum Property Requirements (MPRs)
What are the two Purposes of a VA Appraisal?
200
25%
What Percentage does the VA Insure of the 100% Financing?
200
OFFICERS are trained to be the leaders and supervisors of enlisted personnel. Rank, pay and career opportunities for officers are commensurate with their elevated level of responsibility. To be commissioned as an officer, a minimum of a bachelor's degree is required. Enlisted Service Members are the backbone of the Military.
What is the difference between an Enlisted Service Member and an Officer?
200
Because of the VA insuring 25% of the loan, the rates are lower making the this the best overall product
Why are the VA rates Lower than other products?
200
2,583 Miles
How many miles will Booyah Walk to raise awareness for Homeless Veterans?
300
When a VA appraisal fails to meet the home's purchase price, the buyer or seller party may request a formal Reconsideration of Value.
Who Appeals the VA Appraisal for Reconsideration?
300
Yes, they can actually have it on a total of 4 homes at one time if there is enough entitlement.
Can a Veteran Utilize their VA home loan benefits more than once?
300
In the United States Armed Forces, a permanent change of station (PCS) is the official relocation of an active duty military service member – along with any family members living with him or her – to a different duty location, such as a military base.
What does the term PCS stand for?
300
The VA allows up to 4% Concession and seller paid closing costs
How much in concession does the VA loan allow?
300
We believe in giving the Veteran as much purchasing power as possible when searching for a home.
Why do we not charge the 1% origination fee like our other competitors?
400
It’s typically done in 10 days. But plan for more.
How long does a VA appraisal take to complete?
400
12.5% The VA will vouch for the Veterans portion but not the Co-Borrower.
What is the downpayment amount they must bring if the Veteran is adding a non-spouse to the loan? and why?
400
Basic Allowance of Housing
What does the term BAH Stand for?
400
The Department of Veterans Affairs mortgage guidelines state that 41% is the maximum debt-to-income ratio for a military mortgage borrower. However, because of residual income, applicants whose DTI exceed 41% can be granted an exception. BOOYAH doesn't have one
What is the maximum debt ratio for a VA loan?
400
Booyah Veteran Bus project
What is the Name of our non profit?
500
Buyers will usually need to pay for the appraisal upfront. That fee varies by state of purchase and type of home (single-family vs. condo vs. manufactured home), but plan for $300 to $500. You can try and recoup this fee at closing as part of your negotiations with the seller.
Is the VA Appraisal paid upfront?
500
Certificate of Eligibility
What does the term COE Stand for?
500
If you give the command "SECURE THE BUILDING", here is what the different services would do: The NAVY would turn out the lights and lock the doors. The ARMY would surround the building with defensive fortifications, tanks and concertina wire. The MARINE CORPS would assault the building, using overlapping fields of fire from all appropriate points on the perimeter. The AIR FORCE would take out a three-year lease with an option to buy the building.
What is the difference between the Military branches?
500
Most VA lenders do use credit score benchmarks. Applicants with scores below a lender's benchmark usually can't be approved for VA financing. That minimum will vary from lender to lender, but most VA-approved lenders, are looking for a credit score of at least 620.
What is the minimum credit score for the VA loan
500
A "Veteran" -whether active duty, discharged,retired, or reserve- is someone who, at one point in his life, wrote a blank check made payable to "The United States of America," for amount of "up to, and including his life." That is honor. And there are way too many people in this country today, who no longer understand that fact. My mission is to ensure that we give back to those who wrote that check.”
What is the Booyah Mission Statement?