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525 Randall Ave. Cheyenne, WY  82009 307-632-0001

VA loans are for active military personnel or veterans. 100% financing is the most common reason for using VA. We often find that VA will also bend a little more on their credit standards than conventional guidelines allow. However, we have to include child care expense and other non-contractual expenses in evaluating the debt ratio. VA imposes a 2% funding fee for the first time users and a 3% fee for subsequent use. This can and most often is financed into the loan resulting in an original mortgage higher than the purchase price. Similar to FHA, VA appraisers are required to address specific conditions of the property which may need to be repaired prior to closing. loans are for active military personnel or veterans. 100% financing is the most common reason for using VA. We often find that VA will also bend a little more on their credit standards than conventional guidelines allow. However, we have to include child care expense and other non-contractual expenses in evaluating the debt ratio. VA imposes a 2% funding fee for the first time users and a 3% fee for subsequent use. This can and most often is financed into the loan resulting in an original mortgage higher than the purchase price. Similar to FHA, VA appraisers are required to address specific conditions of the property which may need to be repaired prior to closing.