I get yesturday the letter from VA for the loan. Now i need a lender. I hope you can help me, i live in Texas.
About my credit histery, i found outh, i don't have anny. everything we (my laet husband did 04, and i)dit war in his name and i'm from germany (with a permanant residant, greencard)
Das this effect my loan?
Hope you can help.

I do not have a specific answer to your question, but this is not a time to be looking for a home loan if you can help it. The market is in turmoil, and a number of big lenders are leaving the home loan market.

If you can wait until thing settle down, you will have an easier time. They will settle down.

All the turmoil is in the sub-prime and Alt-A loan market. Doesn't really affect VA loans. There are tons of lenders in Texas. Give me a call and I can refer a few to you.

Paul
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Actually the turmoil is in the entire funding market right now. I know that banks are making some loans, and that VA loans are considered conforming, but with the number of big players shutting down or not currently making loans, this is a good time to wait a few weeks if you can.

You would find it hard to get a non-conforming Jumbo at any price right now, and the banks still get to apply their credit standards to loans.

The market will stabilize in a few weeks or at least by the 4th quarter. The remaining institutions will want to strengthen their market share and it will again be a friendly place for borrowers. If you need a loan now you can get one, but if you can wait it will be better.

Well it sounds good in a funny sort of way but it's not the way the mortgage market works. The number of "Big Players" shutting down is actually quite low. Rates are still good on conforming, Government and Jumbo loans and they are still being closed every day. Fact of the matter is that rates are expected to be higher by the end of the year so waiting could only cost someone more money.

Paul
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You are not reading what I am on Jumbo loans. WSJ has had a number of articles on the topic.

I don't read the WSJ every day. What I do read is notices from lenders about guideline changes and there haven't been any that I have seen about jumbo loans. A better source for mortgage guidelines than the WSJ is allregs.com.

Paul
See my profile for contact information