Do you know a VET?

TheVeteran’sAdministration http://www.homeloans.va.gov/ offers vets great opportunities to purchase homes. Do you know a vet? or you a vet? If so, call me and find out how you can qualify with little or no down on VA programs. Let me do the paperwork for you….Read the following information from American Banker.

New Campaign for Veterans’ Loan Program
American Banker (10/12/07) P. 3A; Johnson, Hilary
The number of outstanding mortgages guaranteed by the Department of Veterans Affairs’ Home Loan Guaranty Program fell to 2.5 percent at the end of this year’s second quarter from 3.2 percent in 2005, reports the Mortgage Bankers Association. The agency is undertaking some improvements to make the loan program more efficient and to eliminate some of the red tape that made lenders and real estate agents hesitant to deal with such loans in the past, and Don Munro of the agency’s St. Paul, Minn.-based regional loan center says the efforts are beginning to attract the attention of lenders that have not participated in the program in years. Computer system updates allow lenders to go online for veterans’ certificates of eligibility, and appraisals also are reviewed on the Web. To minimize paperwork for servicers and enhance loan monitoring, the agency will launch its VA Loan Event Reporting Interface System in early 2008. Meanwhile, Congress is considering legislation that would boost the maximum guarantee on home-purchase loans to $625,000 from 25 percent of the conforming loan limit; and the agency may seek additional help in updating lending guidelines and enabling it to refinance problem loans.