Jeff Sherman's (jeffsherman) Blog

The VA Loan became known in 1944 through the original Servicemen's Readjustment Act also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to pro...

VA Loan Limits and Requirements  Current VA Loan Limit: $750,000Requirements for loan amounts $417,000 or below- No Minimum Credit Score- Zero Down Payment Required- No Reserves Required- Ratios are flexible depending on credit and residual income  Requirements for loan amounts over $417000- Maxi...

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to ...

IT’S 2009 : MORTGAGE LOAN LIMITS FALL AS SCHEDULED IN “HIGH-COST” AREAS JANUARY 17TH, 2009 As part of the Economic Stimulus Act of 2008, Congress authorized a conforming loan limit increase in “high-cost” areas around the country. Versus the national conforming loan limit of $417,000, for example...

If you are like many veterans, you may question whether there really is a fast VA HOME LOAN.  This question is often brought up by realtors or other third parties related or non-related to the purchase or refinace of your home.  Of course, I do understand why this is often brought up...often VA t...

Federal Reserve efforts helped long-term mortgage interest rates drop to their lowest point on record, for the fourth straight week, according to mortgage giant Freddie Mace Thursday. "Interest rates for 30-year fixed-rate mortgages fell for the tenth week to a fourth consecutive record low due i...

Your One-Stop Shop for Mortgage Loans Buying a home is exciting, but can also be stressful with so many decisions to make regarding which types of loans to have and which lender to obtain it from. Should you deal directly with a lender or have a broker? What's the point compensation for having a ...

Are you looking for some inside information on Home Loan? Here's an up-to-date report from Jeff Sherman, A Home Loan expert who should know.For most people, getting a home would be the most expensive investment ever made in one's lifetime. That's simple because of the long term financing required...

Mortgage Loans For Veterans - Purchase and Refinance (State of Washington) If you are a veteran and have your certificate of eligibility, you may qualify to purchase a home with no downpayment, no mortgage insurance, and no pre-payment penalty. If you are looking to refinance your existing VA mor...

If you are a Veteran, Active Duty Service Member or any other Military or Government Employee with an existing VA Guaranteed Mortgage, you are also entitled to an additional benefit from The Department of Veteran Affairs when it comes to refinancing your VA mortgage. This program is called a VA I...