VA Loan Interest Rates and What You Need To Know About VA Loans In 2023 🏠🇺🇸
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- เผยแพร่เมื่อ 31 ม.ค. 2023
- #valoan #mortgagerates #vamortgage
VA Questions? 707-478-0637 or book a time here calendly.com/jennifer-beeston...
I am licensed in 48 states for purchase and refinances.
To Apply for a mortgage now at www.zerostressmortgage.com If you apply please text me your full name and email address letting me know so I can look for your app:) TEXT 707-478-0637
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Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611
Branch Address: 4863 Old Redwood HWY, Suite D, Santa Rosa, CA 95403
Equal Housing Lender - For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2021
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Home Loan Basics: • Playlist
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Real Estate Breaking News: • Playlist
Mortgage Rates/Refinancing: • Playlist
Mortgage and Home Buying: th-cam.com/play/PLj.html...
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State License Numbers: AK - AK247743, AL - 72998, AR - Licensed, AZ - 1007541, CA - CA-DOC247743, CO - 100516570, CT - LO-247743, DC - MLO247743, DE - MLO-247743, FL - LO66900, GA - 70357, HI - HI-247743, IA - 33839, ID - MLO-2080247743, IL - 031.0054184, IN - 41478, KS - LO.0039219, KY - MC717200, LA - Licensed, MA - MLO247743, ME - Licensed, MI - 247743, MN - MN-MLO-247743, MO - MO-247743, MS-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, PA-247743, SC - MLO - 247743, SD - MLO.08498, TN - 205478, TX - Licensed, VA - MLO-40552VA, VT - VT247743, WA - MLO-247743, WI - 247743, WV - LO-247743, WY - 8203
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
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Sounds like she is talking about USAA or Navy Fed. Jennifer still going strong even though few folks falling for high interest and inflated property values.
I thought about getting USAA for auto insurance and they’ve given me the worst quotes I’ve ever been offered. But navy fed has given me better auto loan rates than the competitors I got quotes from. Do you have personal experience with either?
@@thomasfrederick71USAA is terrible
My wife and I are both veterans with me currently serving, she recently retired. We’ve been kind of iffy about buying a house because of the crest interest rates but we really want to start a family. This video really eased some of my concerns and I’ll definitely give you guys a call later this year when we’re ready.
Look forward to chatting
Great information. When we decided to move. I had 1 bank in mind to the point where I moved all my money into said bank and created credit relationships within that bank to increase my chances of having a good relationship to when it was time to apply for a mortgage I had my best foot forward. Before we decided to apply we found Jen on TH-cam and I started learning about the process. And I felt that Jen was very knowledgeable. So when the time can I decided that She would be on my list to contact when I’m ready to apply for a mortgage. Well that time was last week. I applied at that bank that I have prepared myself for. A local credit union and Jen. And I was in for a rude awakening. The bank that I had spent months preparing had agents that was hit and miss and didn’t know thier VA knowledge. I basically had to school them on certain things. Which was surprising because they service VA loans all the time. The other local credit Union off the bat didn’t know what they were doing. And of course Jen and her team were spot on. I’m so happy that we decided to go with Jen and her team because it has been so smooth. And I’m just so impressed with how knowledgeable everyone is. This whole process have been so easy.
Thanks!
That means so much to me. I am so glad you are enjoying the process thus far❤️❤️❤️
Thank you for such an amazing channel. The combination of great information and no bs is refreshing. We are in the process of buying a home in TX and our lender just told us he made a mistake and we can NOT do 3% down Conventional because we are not first time buyers. There is a huge difference between 3% and 5% and that is a pretty big mistake to make considering we only had 1 day left on our option period. I will be calling you guys tomorrow with questions about that and about a VA renovation loan (when we refi in 3-6 months). I know they are tricky, but it sounds like you will have some knowledge on the matter.
Thank you. I am at 707-478-0637. Why aren’t you just doing va upfront? Let’s talk about this and text me the house address so I can look at condition.
Good thing I watched your video, I’m only ‘bout to go either NFCU or Veteran’s United. Now, I’m goin to look around to see who’s better since I don’t have a move-in date yet from the builder. Thank you.
Happy to help!
Thank you! Great information!✌💜☺
Thank you!
Thanks, love your energy.
I appreciate that! Thanks for watching!
Thank you for bringing up that topic! My most important takeaway is that the prospective shoppers has work to do to select candidates with the best interests for the client. As a FTHB I will soon be contacting you to get the ball rolling.
Look forward to chatting:)
Many thanks for the info!
Happy to help!:)
Great video. Saved a full percent on my interest rate by not going with Veterans United.
Yayayaya! So glad you shopped them!:) 👏👏💰💰💰❤️❤️❤️
Unfortunately Veterans United got me they sweet talked me and I didn’t shop, I have a 780 credit score and my gut kept telling me I could have done better with my rate smh. I’m gonna look to refinance out of that rate
@pilot Perkins who did you go through instead of VU.
@@kiaralyn071 , I used Alabama Home Mortgage, it is a private lender like Jennifer. Although for my next purchase, I’ll probably give Jennifer a call just to see if she services my area and what her rates/fees are.
@@otisbloo did you shop around? If not then that was totally on you. I also went with VU but talked them down over 1% with ZERO points added to origination costs
I'm so glad I came across your content. My family and I are PCSing the end of this year around Sep-Oct time frame. We are first time home buyers and would like to utilize our VA loan. When would be the best time to start looking for and talking to lenders and realtors. (We are leaning towards you and your team to be honest but in one of your videos you said to do our homework and see what others had to offer to compare). We also currently live overseas if that makes any difference
I would suggest getting preapproved in late June early July if your target is to have a home by end of august so you can move straight in. We would love to work with you and work with clients overseas all the time:)
I'm on my 3rd house that I've purchased through a VA loan, and I will say that everything out there with the name Veterans is the worst, is just to get your money, there not even competitive, even when there say there "United". I love this channel and I wished I had this knowledge before. Now I'm using it for my next purchase. Good luck to everyone!
100%
This is who I’m calling when I’m ready.😊
Look forward to chatting:)
I’m trying to build on land. Though not in a hurry due to the ridiculous 6% interest rate. That’s a tough pill to eat when the house plus land cost sub 700k. I’ve been working with VU but I’ll also keep you in mind and get quoted by though to see who is better! Thanks for the educational video Jen. 😊
Looking forward to chatting!
Jennifer is being real bout everything
I try;)
Jen. I love your energy , i would go with your team when rates come back down , i was locked in for 2.5 and never pulled the trigger, Dec 2020 bank of america
va loan
We are always here for you!
Hey, buy another house, don't thinking refi anymore, it was dream rate.
Hello Jen great video very eye opening. Would love to chat, currently shopping lenders to include Veterans United, and a few others recommended in the VA Beach area.
Give me a call 707-478-0637
New sub! Wow great information.. Thanks.. as soon as I can get this " late payment mortg" fixed or removed i am definitely going to reach out to you.. its been 10 mnths ago
Thanks for the sub! You got this!
Another interesting video. Does your company do the IRRL on VA loans and what is the waiting period to do one after the intial loan?
Yes we do VA irrl. I actually have a special team getting ready for an influx of them when rates drop so we can move lightening fast. The waiting period for us is the same as all lenders. The guideline is 210 days from when you closed on the loan originally to close on the new one.
Hi! Thanks for sharing! Currently, i’m working with veterans united, though I’m not sure if they increase their fees given how much volume and advertising they do. I’m comfortable with numbers and usually try to get estimates of mortgage payment using the Trulia calculator, but it seems that veterans united would be much higher, perhaps given their added fees. Do you mind sharing your insight on veteran’s united? Thanks again for this valuable content 🙏🏽
I'm still learning to buying house. I'm asking them what would they charge in section A and B of LE. V.United said they just 1% original fee ($350 max). They wouldn't charge anything els, even they also don't charge credit run in section B (Except insurance, title). Am I being lied for? What actually did they charge you?
I'm shopping around but one thing is I'm trying to educate myself as much as possible to actually know what to look for
Transparency, education and skill. Also call us. Seriously we are tough to beat and I live by what I say on TH-cam
Where can you find more information on day to day VA Base rate so you can see how much of a markup each lender is putting on their rates?
You can see industry average at www.mortgagenewsdaily.com
That’s not the base but if your lender is charging you higher then the average find out why
I found this information very helpful and educational. Thank you so much for clarifying this common question. I am currently looking for a home as a first time buyer and using my VA home Loan benifit. RIght now I am speaking with a lender for property in California and at this moment the interest is a wopping 7.2%. I know the market is crazy right now, but 7.2% interest is very high and I was wondering if its possible to find a lender who would at least be in the 6% margin. Do you have any wisdom you can share about the interest rate expectations in California right now? Thank you again for your amazing information and assistance in support of veterans. Semper Fi
100% call me. 707-478-0637 if you get VM say jennifer B only to call me back and I will call you.
Thank you
Happy to help!
I need a pre-preapproval lol. Couple years ago I was preapproved for a certain amount thru vetsunited but covid happened and the house never happened. Now I am getting close to being ready again, income is same however I have since gotten rid of all my debt and the rates are much different than they were then. As a result I have no idea what my preapproval might be now, and could really use a strong hint because shopping in the state of WA, there's a huge difference in house price points with regards to west vs east side of the cascades. Is there a way to get an idea of what my preapproval is looking to be going off general info without pulling the credit and doing the whole thing? I'm still not ready to actually buy/start shopping for another couple months.
For a real preapproval we run credit. We can beat VU on rates and fees without trying.
Is 120,000 a year good enough for a million dollar home loan in San Diego as long as the debt to income ratio is fine?
Will be buying this year with VA and have so many questions!
She has plenty of informative videos relating to VA loans.
Happy to answer them all. 707-478-0637 of pick a good time calendly.com/jennifer-beeston/va-loan
“Yeah cuz you can only rip off a couple clients a month” 😂😂 you gotta love Jenn
I like to keep it real
Veterans united!
I’ll be needing to call soon for a preapproval. I’m an 80 percent disabled vet in the state of IL. Do you guys also walk me through all the stuff I don’t have to pay for being 80 percent?
We can get you pre approved for a loan but for all the benefits of being 80% in Il I would really advise looking at the benefits via the state and county
Hi- Great video, thanks. I am a disabled veteran 60% service connected. I currently have a conventional fixed rate loan on my home at 4.5% with a balance of $52k. I have 7 years left on my loan. Obviously I have a small loan left but am curious to know if it makes sense to refinance through a VA loan that may have a lower interest rate? Curious to know what the going rate (ballpark) is for VA refinance loans from conventional to VA and does it make sense to even consider this at this point? Thanks
Current market is 5.8-6+% for VA loan. How could you get 4.5% with refi. Keep it as is. Remember use VA loan with your next house or refi when VA market rate much lower than 4.5% (some lender offer free refi, refi cost few thousand for house about $00k) and apply for property tax exempt, if u didn't.
What's the highest debt to income percentage you will do a loan on?
It’s driven by the computer so I have seen like 65% but I would not advise that. If credit is below 600 we cap at 45%
I have USAA. They've always been good to me, thoughts on using them vs your company? This would be my second time using my VA loan benefit.
My rates are generally a lot lower
Good video as a multi family owner please please compare rates
Thankyou!
We’re currently working with veterans united.. now I’m second guessing 😬
Call us for a comparison 707-478-0637
Hey Jen, I plan on buying my first house in about 8 months. I was going to go with Veterans United, how can you do better for me vs going with them?
I don’t charge 1% up to $3500 as a lender fee and our rates are generally a lot lower. Also my team is not a call center:)
@@JenniferBeeston LOL true they called me right away. By the way is the lender fee the same thing as the VA funding fee?
Veterans United would only give me 50k.
How does a cash guarantee loan work?
we are looking for homes but not ready yet. i need more info?
We have been preQualified for a VA loan through Veterans United. Are we free to still shop around and see if we can get a lower rate? I feel like I should have done more research and now maybe we could be missing out on a lower rate?
Yes get qualified with other lenders and shop that rate 100%. Feel free to reach out to myself and team as an option 707-478-0637
What apr% are they trying to give you?
Hi Jennifer are you guys the same as the guaranteed rate in Las Vegas region?
Guaranteed rate has thousands of branches. I am not out of Vegas.
@@JenniferBeeston ok thanks..
Can you buy-down the rate on a VA Loan and if so how much would you need to pay to buy down the rate 1 point on a $400K home? Thank You!
You can buy down the rate on a VA loan. How much 1 point lowers the rate changes daily with the market. tehre is not a set 1 point will buy down the rate xyz much.
Can we contact you when we’re ready to buy no matter where we buy? Or do we have to be in the state you work?
I can help everywhere but Rhode Island and Utah but I have a good friend who is excellent who is licensed in both of those (Julee is her name and she is amazing)
How do I connect with you for my first home buy
What about CalVet they are lowest I've seen right now?
I don’t do calvet. They are not lowering them regular VA generally when you get fees involved
What fees are waived for 100% service connected vetetans like myself? Do we get originating fees waived or any other perks with your lending company?
We waive lender fee on all VA loans
Why is the private sector?
Do you work with Va home equity loan we would like to pay off credit cards & small kitchen renovation
To have a co-signer on a va home loan, does my co-signer need to be my spouse? Veterans United told me the Va requires that.
to avoid a down payment you would need to be married or they would also need to have VA COE. You can have a non spouse/non military cosigner but then you need 12.5% down.
Hey Jen, my wife and I are in contract for a new build. We are pre approved from private lender and the VA. Which would be better loan for us to use with close to 50% down, conventional or VA? Thank you in advance.
Do you have to pay the VA funding fee? Also what is the rate difference?
@JenniferBeeston they are both projecting 6.9% with the current market. They said they have the high for now but should change. Is better to use VA so the down payment goes straight to the principal or will the same happen with the conventional loan?
Also, no, I will not have the funding fee. I have a rating from the VA. Want to know what would be the best option
The rate should be lower on VA then conventional. It’s super odd it’s not with the lender you are working with. The other thing to think about is future refinance as rates are at a peak right now. Va irrl are the easiest refinances in the industry as there is no appraisal or income verification. I vote VA
Trust me I know ! I was mislead last year by so called credit specialist saying just get your scores up 580!🤦♂️
I do loans every day for people with a middle score above 580. The key is when a mortgage lender pulls credit it may be lower then what you see as a consumer. I did a short just about that based on your comment last month.
@@JenniferBeeston That’s great! The more truth out there the better 👍
I would like to take out a loan for dental work.
Can you get me a rate for a va loan I’m presently looking to buy a home, but I’d like to see the more competitive lenders, will you do a va mortgage loan for me?
Yes happy to help 707-478-0637:)
Curious about Veterans United they spend TONS on advertising
SHOP THEIR RATES AND FEES
@JenniferBeeston I recently shopped their rates, but hadn't gotten to the fees yet. Get ready to hear from me on Monday!
VA construction loan, 6.5% interest rate.......yay, first time home buyer
That great!
I own land and a home with barn. I want to purchase farmland my Uncle owns that is next to my current home. If I want to build a new house on land purchasd from my uncle, can I borrow money for the land and new home construction with VA loan? I am 100% service connected and receive SSDI. THANKS
Sounds Like USAA or Veterans United...
Here's the thing though....... the likelihood that the 5 loans a month guy stays on top of that loan and all of the deadlines needed to make sure that that loan closes, along with being more time invested holding the customers hand through the process on the more complicated loans is 10 times more likely than the person who's giving pre-qualifications like candy because they're trying to make money on volume....... which if I have $20,000 of earnest money at stake, it would be worth paying a little more
You would think that but often the lenders doing the least loans are actually the hardest to get ahold of as they aren't treating it like a full time job. If they were doing a great job, offering low rates etc and hand holding they would have more clients. Brutal but true
Also someone doing very few loans per month will not be as in tune with underwriting and the market. I would not put my emd with a loan officer doing 5 loans a month. I would want to work with one of the best
What is a good va rate ?
Check out www.mortgagenewsdaily.com to see the industry average daily
Marry the house, date the rate
I have a video on that…. Make sure you can avoid the date
Lol. I know who that "money person" is. Apparently his advice on VA is bad just like a lot of his other advice. He would tell me use up my savings to pay off my 3 % car loan too. 😂
I appreciate your efforts on this channel, but if your channel is monetize you are getting paid by YT, technically it's not free. 😂
The $500 I get does not even cover the equipment to film lol
This vet can't afford a va loan for a house. So I will be living on the streets soon!!!
Mike that does not sound good. There are some VA programs through VA to help to make sure that does not happen. Also most cities have some level of section 8 or affordable housing. Let me know if you want to chat and let’s keep you in shelter. 707-478-0637
Same here
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