Twollow
  • Tech
    Must-Have Apps for Every Tech Lover

    5 Must-Have Apps for Every Tech Lover

    web development

    What To Know About Home Internet Plans

    Fax Machines For Modern Businesses

    The Benefits Of Fax Machines For Modern Businesses

    Modern Mobile UI

    4 Dos and Don’ts of Modern Mobile UI

    How to Choose the Right Laptop

    How to Choose the Right Laptop for You

    IT Support Services

    Why You Need IT Support Services

    Managed IT Services

    Managed IT Services vs. Outsourcing: Here’s What You Need to Know

    Digital Marketing Trends

    How To Scale Your IT Team On A Budget

    Benefits Of Cloud Print Management In The New Era Of Work

    4 Benefits Of Cloud Print Management In The New Era Of Work

  • Apps
    spotify fraud

    Shopify Fraud Prevention Tips Every E-Commerce Business Owner Should Know

    Nintendo 3DS emulator

    11 Best Nintendo 3DS emulator for PC, Windows & Android

    play and win online

    6 Best User-friendly APPs to Play Online Lottery

    Design Canva Templates

    How to Design Canva Templates

    link building service

    Hack someone’s Instagram Password with Easy Tricks

    Buying Instagram Followers

    The Pros and Cons of Buying Instagram Followers

    mobile app business plan

    How to Create a Perfect Mobile App Business Plan?

    app development

    Why Should You Consider React Native App Development?

    Instagram app

     What is Instagram Monitoring 

  • How To
    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

    live stream

    How to Live Stream on Twitch

    How Can Workout Make Life Easier

    How Can Workout Make Life Easier?

  • Business
    • All
    • Finance
    Shipping Container into an Office

    Turn a Shipping Container into an Office

    business exhibition

    Business Management: 4 Tips to Grow a Successful Business

    What You Should Do During a Bitcoin Bear Market

    A Decade of Bitcoin: The Past, Present, and Future

    Build a Strong and Efficient Team

    Pro Tips To Avoid Common Trade Show Pitfalls

    Bitcoin Trading Platforms

    How to Buy Bitcoin Canada Using Coinberry?

    Essentials Every Business Needs

    Essentials Every Business Needs

    smart transportation with Motorway intersection

    Businesses That Require Flexible Transport Solutions

    Business Operations

    4 Ways in Which an IT Consultant Could Assist Your Business Operations

    Positive Reputation in the Building Industry

    3 Tips for Building a Positive Reputation in the Building Industry

  • Marketing
    Facts to Increase Conversions

    Site Heatmaps: Facts to Increase Conversions

    Search Engine Optimization

    7 Ways that Search Engine Optimization Can Help Your Software as a Service Business

    SEO Outreach

    SEO Outreach: The Reason You Struggle and 5 Ways to Do It Better

    Engagement Rate

    How To Calculate Engagement Rate: Meaning & Formula

    Tips to Compose a Top-Notch Case Study

    10 Tips to Compose a Top-Notch Case Study

    online social media online community

    9 Tips to Drive Traffic to Your Blog from Social Media

    social media pictures

    5 Tips for Improving Your Social Media Pictures

    Best Youtube Advertising Strategies For Small Businesses

    7 Best Youtube Advertising Strategies For Small Businesses

    Social Media Marketing Tips For Beginners

    4 Social Media Marketing Tips For Beginners

  • General
    property investment

    How Property Taxes Work: Everything You Need to Know

    A construction worker injured his knee

    10 Practices to Avoid Construction Site Accidents and Injuries at Night

    AC

    9 Steps on How to Fix Water Dripping from AC Vent

    Funeral Director

    Why You Need a Funeral Director In Difficult Times

    thermostat

    Why Can’t Your Furnace Keep Up With The Thermostat?

    Stop Sign

    What are the Requirements and Regulations of a Stop Sign?

    Nursing Jobs

    Five Nursing Jobs That You Need to Know About

    Plumbing Emergency

    Four Ways to Tell if It’s a Plumbing Emergency

    Need Of A Website For Your Dental Practice

    Need Of A Website For Your Dental Practice

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
  • Tech
    Must-Have Apps for Every Tech Lover

    5 Must-Have Apps for Every Tech Lover

    web development

    What To Know About Home Internet Plans

    Fax Machines For Modern Businesses

    The Benefits Of Fax Machines For Modern Businesses

    Modern Mobile UI

    4 Dos and Don’ts of Modern Mobile UI

    How to Choose the Right Laptop

    How to Choose the Right Laptop for You

    IT Support Services

    Why You Need IT Support Services

    Managed IT Services

    Managed IT Services vs. Outsourcing: Here’s What You Need to Know

    Digital Marketing Trends

    How To Scale Your IT Team On A Budget

    Benefits Of Cloud Print Management In The New Era Of Work

    4 Benefits Of Cloud Print Management In The New Era Of Work

  • Apps
    spotify fraud

    Shopify Fraud Prevention Tips Every E-Commerce Business Owner Should Know

    Nintendo 3DS emulator

    11 Best Nintendo 3DS emulator for PC, Windows & Android

    play and win online

    6 Best User-friendly APPs to Play Online Lottery

    Design Canva Templates

    How to Design Canva Templates

    link building service

    Hack someone’s Instagram Password with Easy Tricks

    Buying Instagram Followers

    The Pros and Cons of Buying Instagram Followers

    mobile app business plan

    How to Create a Perfect Mobile App Business Plan?

    app development

    Why Should You Consider React Native App Development?

    Instagram app

     What is Instagram Monitoring 

  • How To
    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

    live stream

    How to Live Stream on Twitch

    How Can Workout Make Life Easier

    How Can Workout Make Life Easier?

  • Business
    • All
    • Finance
    Shipping Container into an Office

    Turn a Shipping Container into an Office

    business exhibition

    Business Management: 4 Tips to Grow a Successful Business

    What You Should Do During a Bitcoin Bear Market

    A Decade of Bitcoin: The Past, Present, and Future

    Build a Strong and Efficient Team

    Pro Tips To Avoid Common Trade Show Pitfalls

    Bitcoin Trading Platforms

    How to Buy Bitcoin Canada Using Coinberry?

    Essentials Every Business Needs

    Essentials Every Business Needs

    smart transportation with Motorway intersection

    Businesses That Require Flexible Transport Solutions

    Business Operations

    4 Ways in Which an IT Consultant Could Assist Your Business Operations

    Positive Reputation in the Building Industry

    3 Tips for Building a Positive Reputation in the Building Industry

  • Marketing
    Facts to Increase Conversions

    Site Heatmaps: Facts to Increase Conversions

    Search Engine Optimization

    7 Ways that Search Engine Optimization Can Help Your Software as a Service Business

    SEO Outreach

    SEO Outreach: The Reason You Struggle and 5 Ways to Do It Better

    Engagement Rate

    How To Calculate Engagement Rate: Meaning & Formula

    Tips to Compose a Top-Notch Case Study

    10 Tips to Compose a Top-Notch Case Study

    online social media online community

    9 Tips to Drive Traffic to Your Blog from Social Media

    social media pictures

    5 Tips for Improving Your Social Media Pictures

    Best Youtube Advertising Strategies For Small Businesses

    7 Best Youtube Advertising Strategies For Small Businesses

    Social Media Marketing Tips For Beginners

    4 Social Media Marketing Tips For Beginners

  • General
    property investment

    How Property Taxes Work: Everything You Need to Know

    A construction worker injured his knee

    10 Practices to Avoid Construction Site Accidents and Injuries at Night

    AC

    9 Steps on How to Fix Water Dripping from AC Vent

    Funeral Director

    Why You Need a Funeral Director In Difficult Times

    thermostat

    Why Can’t Your Furnace Keep Up With The Thermostat?

    Stop Sign

    What are the Requirements and Regulations of a Stop Sign?

    Nursing Jobs

    Five Nursing Jobs That You Need to Know About

    Plumbing Emergency

    Four Ways to Tell if It’s a Plumbing Emergency

    Need Of A Website For Your Dental Practice

    Need Of A Website For Your Dental Practice

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
Twollow
No Result
View All Result

Different VA Condo Approval Statuses – What Do They Mean?

by Tom Fogden
August 30, 2021 - Updated on September 3, 2021
0
loan
Share on FacebookShare on Twitter

Introduction

Contents

  • Introduction
  • Looking for a Condo
  • The four types of VA Loans
    • 1. The Dreamweaver Home Purchase
    • 2. 100 % Construction Loan
    • 3. Renovation Loan
    • 4. Veterans Angel Program
  • Eligibility
  • Benefits to VA Loans
  • Conclusion

VA loans have become more popular in the last few years. More people are drawn to them. Getting a VA Loan can be difficult if you don’t know what you are doing. The best bet is to get an agent who does know and spend your time finding a property that qualifies. Rather than a separate home, you can buy a condo.

Looking for a Condo

If you are looking for a VA condo and want to know which are approved, a VA approved condo list is available. To find it, you need to go to the VA website and find the page Requesting a Customized Condo Report. As usual, there is a form to be filled out and you will try to fill out each blank. The only blank that must be filled in is the state. You can get all the condos approved or you can get the ones whose approval is pending, too.

You want to find a condo that is accepted without conditions. The real estate agent you choose will first check to be sure the condos are approved and then write for a written guarantee. This may take a bit of time, up to 45 days. That is a long wait.

The four types of VA Loans

VA loans fall into four broad categories. Here is a quick look at the VA loan types to help you understand which one is ideal for you.

1. The Dreamweaver Home Purchase

With this program, someone negotiates the price for you, but you are in control and make any decision. The goal is to get you into a home for 0 down and 0 out-of-pocket expenses. You can use VA money to renovate the home. Remember, the VA doesn’t require a down payment, but that doesn’t mean someone else won’t. Watch for it.

2. 100 % Construction Loan

This loan is difficult to get because contractors don’t trust buyers. It allows for the purchase of the land and construction of either a fabricated home or a stick home.

3. Renovation Loan

This type of loan is rarely pushed. It allows for minor versus major renovations using VA money. The contractor receives his money from an escrow account.

4. Veterans Angel Program

This program is the most widely used. Sellers are hesitant to accept VA offers and it takes a veteran real estate agent who knows his stuff to get these loans at the best prices.

Eligibility

You need to meet certain criteria to be eligible for a VA loan. Below is a clearer picture of the major requirements for the same.

  • You must serve 90 days of active duty during a war.
  • You must serve 181 days of active service during peacetime.
  • You must serve 6 years in The National Guard or Reserves.
  • You should be the spouse of a veteran of the service who died in action or of disabilities that are related to the service.

You must also have a COE (Certificate of Eligibility) to start the process. Wait for it.

Benefits to VA Loans

One of the biggest benefits of the no down payment is not being required to pay mortgage insurance until 20% of the home equity has been reached. That is a big bonus. Next, VA loans have a lower interest rate. Calculate the interest rate over the length of the loan and compare it to an FHA or conventional loan. Compare to be sure.

The ability to buy a home or condo and repair it and make it habitable is covered by the VA loan. Those little repairs you intend to do in the future, do now.

There is no credit score requirement but scores of 620 or higher are best. Check your credit score for errors and fight for what you believe is right.

Conclusion

You should know in advance and accept that anything like getting a loan or buying a home or condo takes a lot of patience, time, and filling out forms. It takes dealing with people who make mistakes or have bad news to deliver. It takes time. Be patient.

Tom Fogden

Tom Fogden

Tom Fogden is a writer for Twollow with a range of experience in the world of tech publishing. Tom covers everything from cybersecurity, to social media and website builders when he's not reviewing the latest phones, gadgets, or occasionally even technology books.

Related Posts

What You Should Do During a Bitcoin Bear Market
Finance

A Decade of Bitcoin: The Past, Present, and Future

Bitcoin is the first digital currency and the latest technological innovation. From the very beginning till today investment in Bitcoin...

by John Morris
June 23, 2022
Buy Cryptocurrency
Finance

What Is Dash Cryptocurrency And Its Use Cases In Today’s Economy

While the cryptocurrency market is not exactly booming like it always was, Bitcoin and all other cryptocurrencies are far from...

by John Morris
May 18, 2022
What You Should Do During a Bitcoin Bear Market
Finance

What You Should Do During a Bitcoin Bear Market

The Bitcoin community is a vast space where traders and investors alike talk about what goes on in the market....

by John Morris
April 23, 2022
Cryptocurrency market
Finance

What Is Crypto Exchange And How Does It Work?

The world “cryptocurrency” is not new to society anymore. Every year more and more people get engaged in trading activity....

by John Morris
April 20, 2022 - Updated on April 25, 2022

Recommended.

manage money

Consider These Simple Yet Effective Tips to Manage Your Money

May 26, 2021
online learning

Why is Online Learning More Effective?

September 23, 2020 - Updated on August 25, 2021
cannabis delivery: Los Angeles

Cannabis Delivery In Los Angeles Is Changing For The Better

February 28, 2020 - Updated on August 6, 2021
Best Packaging Supplies

The Best Packaging Supplies for Moving House

January 14, 2020 - Updated on July 28, 2021
Business Watches

4 Business Watches Under $1000

May 28, 2020 - Updated on July 28, 2021
Car for Your Teenager

Should You Lease a Car for Your Teenager?

October 6, 2020 - Updated on August 12, 2021

Twollow is one of the leading tech and business blogs, that is dedicated towards updated Technology & Business news, reviews, Apps, how-to, smart tricks, and tweaks.

Follow Us

Categories

  • Apps
  • Business
  • Education
  • Featured
  • Finance
  • General
  • How To
  • Marketing
  • Reviews
  • Security
  • Tech
  • Uncategorized

Top Posts & Pages

  • 100+ Free Premium Minecraft Accounts & Passwords (Tested 2022)
    100+ Free Premium Minecraft Accounts & Passwords (Tested 2022)
  • How to Get Free Virtual Phone Number for WhatsApp Installation
    How to Get Free Virtual Phone Number for WhatsApp Installation
  • Voice2V.com - Expand the Boundaries of Audio with Voice2V
    Voice2V.com - Expand the Boundaries of Audio with Voice2V
  • 7 Key Benefits of CMDB: What Role Does It Play in Organizations?
    7 Key Benefits of CMDB: What Role Does It Play in Organizations?

Recent Posts

Shipping Container into an Office

Turn a Shipping Container into an Office

June 27, 2022
Facts to Increase Conversions

Site Heatmaps: Facts to Increase Conversions

June 24, 2022
business exhibition

Business Management: 4 Tips to Grow a Successful Business

June 23, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Privacy Policy

No Result
View All Result
  • Home
  • Security