100% FINANCING VA LOANS !!

100% Financed VA loans Chula vista!!!

100% Financed VA loans Chula vista!!!


Did you know that VA loans are the only 100% financing available right now?

so If you are in the military and want to buy, you can actually buy with zero out of pocket expenses!!!

If you live in military housing you can also buy instead and earn equity in the next few years.

call me for a free consultation!!



Faby

(619)279-7167
http://www.fabygonzalez.com/

VA Loans in San Diego. buy a house with NO money down

FIVE EASY STEPS TO A VA LOAN

1. Apply for a Certificate of Eligibility.
   
   
   
   

   A veteran who doesn't have a certificate can obtain one easily by making application on VA Form 26-1880, Request for Determination of Eligibility and Available Loan Guaranty Entitlement, to the local VA office.
   
   

   
   
2. Decide on a home the buyer wants to buy and sign a purchase agreement
   
   
   
   
3. Order an appraisal from VA. (Usually this is done by the lender.)
   
   
   
   

   Most VA regional offices offer a "speed-up" telephone appraisal system. Call the local VA office for details.
   

   
   
4. Apply to a mortgage lender for the loan.
   
   
   
   

   While the appraisal is being done, the lender (mortgage company, savings and loan, bank, etc.) can be gathering credit and income information. If the lender is authorized by VA to do automatic processing, upon receipt of the VA or LAPP appraised value determination, the loan can be approved and closed without waiting for VA's review of the credit application. For loans that must first be approved by VA, the lender will send the application to the local VA office, which will notify the lender of its decision.
   

   
   
5. Close the loan and the buyer moves in.
   
   

Ready to buy your house with no money down using your VA loan? call us today

(619)279-7167 http://www.fabygonzalez.com/

New HAFA Guidelines Effective Feb. 1, 2011

The Obama Administration’s HAFA short sale program has been in effect since April 5, 2010 and was created in an attempt to encourage lenders to do short sales and prevent homes from going to foreclosure.

Since its inception, however, only 661 HAFA short sales have been completed nationwide – a fraction of the number the Treasury Department and the Obama Administration had hoped for.

Effective February 1, 2011, the federal HAFA short sale guidelines will be amended in an effort to include more borrowers in the HAFA program and therefore reduce the number of homes in the United States that will go to foreclosure.

HAFA or Home Affordable Foreclosure Alternatives program is a joint government & lender program which allocates both a $3,000 incentive for borrowers who complete a successful short sale, as well as up to $6,000 to go to the 2nd lien holder in the short sale. It also specifies that the 2nd lender will not pursue a deficiency against the borrower.

The primary change in the HAFA program is the elimination of the debt to income hardship requirement for borrowers. Previously, in order to qualify for a HAFA short sale, the mortgage payment on the first mortgage had to exceed 31% of the seller’s gross monthly income.

This financial hardship requirement has now been removed, so sellers who wish to do a HAFA short sale will no longer need to meet any arbitrary income or financial hardship ratio, which should dramatically broaden the spectrum of borrowers who will qualify for the HAFA short sale program.

www.Fabygonzalez.com

VA loans are the only programs that have 100% financing meaning... No downpayment is required. If you can use your VA loan this is the time to buy. House prices are at its lowest.

Give us a call to help you get prequalified.

www.fabygonzalez.com

Chula vista Short Sale Specialist!

Doing a Short Sale on your house can be a painful process for some families. At Faby Gonzalez and associates is about you and making it a stress less and beneficial process. Our team is ready to help you and our full time Short Sale negotiator has successfully negotiated hundreds of short sales. Give us a call and let us go over your situation. FREE