Can We Purchase a Home Using VA Disability as Income? (Frequently Asked Questions About VA)

[@SAV3DnFORGIVN]

U.S. Army veteran here..using VA loan for the 1st time..90%disabled vet..no funding fee here..thanks for your videos..you are legit..honest..and truthful and transparent

[@JenniferBeeston]

Thank you!

[@adrianbetancourt668]

As long as your disabled you qualify for funding fee

[@Splenda2021]

@@JenniferBeeston rockstar

[@gabby811ify]

I’m in the same boat. Congrats

[@perfect-cj2bn]

Can i have ur number​@@JenniferBeeston

[@michealsizemore1]

A lot of people don't know that you can gross up 25%. It is refreshing to know that you understand this. Thanks for posting.

[@JenniferBeeston]

Hope you are well!!:)

[@oscaroscuro]

"Up to 25?" So that means it's not always 25%. How do we determine what our percent is?

[@RGcorbett]

what does "grossi up to 25% mean??

[@proudasiangirl576]

I thought VA Disability payments, you gross it up @ 125%. So $4,000 x 1.25 = $5,000.

[@luvonmars810]

Thank you for this information. I tried applying for VA Home loan a couple years back when I was 70 percent (now at 90) and I was told that I would need either a Co signer, a full time job, or work part time for at least 2 years. That information deterred me from trying again since I've been a full time student since then and haven't been able to commit to full time employment due to educational requirements.

[@JohnWick-yw4oo]

If you have a disability rating under 100%, the states you want to look at are Florida, Texas, and Nevada. All other states you must have a 100% disability rating for property tax exemption. The states mentioned above have different levels of disability ratings, so you must look them up before purchasing a house. FYI, you pay more in taxes in bigger cities, obviously, so keep that in mind.

[@MrJaywes67]

illinois you are completely exempt if you have a 70 percent

[@JohnWick-yw4oo]

@@MrJaywes67 they must have recently changed it, I noticed many states have changed their rules during this inflationary time we’re in right now. Minnesota is also another state that doesn’t need 100% disability. That makes Florida, Nevada, Texas, Minnesota and Illinois for those with less than 100% disability, 5 out of 50.

[@LesserMe]

If you meet the individual, in some cases county's but normally state's guidelines. Many of them have ridiculous loopholes that you cannot clearly qualify.

[@xBLAKKxOG]

Thank you for these videos Jennifer, so much misinformation is being spread throughout the veteran community and on the internet. I was one of those veterans who was under the impression that I didn't have to pay the closing costs because of me being 100% but thank you and your team for clearing it up for me. As for the vets who are debating on whether or not to wait until the prices go down, good luck. I've been waiting for 7 year's and the prices here are more than double what they were years ago.

[@JenniferBeeston]

Thank you for helping to spread the videos. I am here to help. Good point on prices. As much as we would love them to go down it is not looking like it.

[@awillisavibe23]

​@@JenniferBeestonthankyou love ❤

[@sysphotography]

You are the best! I’m so nervous buying my first home and using the loan. I just staring watching your videos and you’re helping me out. I will be calling soon

[@JenniferBeeston]

Thank you!! You got this! Looking forward to chatting with you in the future!😊💗🏡

[@ahwayzcool4630]

I'm 80% disabled vet living in Illinois. If your 70% or higher in illinois your exempt from paying property taxes. Illinois is the ONLY state that does this at this low a rating. 🙂

[@JenniferBeeston]

Yes! Illinois is magical in that way

[@watsonanthony8438]

Don’t forget Florida

[@ahwayzcool4630]

@@watsonanthony8438 Really? Florida? I gotta check that out. Might be moving there if its true

[@ahwayzcool4630]

@@watsonanthony8438 Not true for Florida. You have to be 100% disabled to get full property tax exemption.

[@jerryspencer6089]

Really mind blown as I’m currently looking at getting my increase to bump me up to 70% and move back to Illinois

[@stevonjames9116]

Omg thank you just what I needed to hear I’m 90 percent and trying to get 100 it’s a battle but at least I know I can get a house. Thank you so much for this video.

[@JenniferBeeston]

Happy to help!:)

[@RGcorbett]

any luck on getting 100% disability? I'm not sure how long that process takes

[@stevonjames9116]

@@RGcorbettI got the 100 took a year but every case is different and VA is understaff

[@dannywalker1635]

I love the can do attitude of this lady. Great video.

[@JenniferBeeston]

Thank you Danny!

[@DOSEofFLO]

Great video Jen - I’m using you because you are so transparent and give away so much insight. Mental jewels!

[@JenniferBeeston]

Thank you:)

[@kyedyes7553]

I had 2 lenders tell me I had to have atleast 20k saved for fees, and had to tax my non tax income to prove I got it in TX. They both told me I was under on income as well. I'm 100% PT

[@JenniferBeeston]

Yikes sounds like they do not do a lot of 100% p+t in Texas. If you have not bought yet give us a call. 1) You can have your agent negotiate with the seller to cover closing costs and 20k is high.... 2) We do not have to collect or calculate property taxes in Texas if you are at 100%. You just sign a letter saying you will file for the exemption right after close we are at 786-933-2077

[@jcooksey19]

Here in Indiana “In Indiana, Veterans who served in WWII, Korea, Vietnam, or the Gulf War, received an honorable discharge, and have a disability rating of at least 10% qualify for a property tax exemption of $24,960 from the assessed value of the Veteran's property. Veterans who served in the military for at least 90 days, received an honorable discharge and have either a total service-connected disability or are 62 years old with a disability rating of at least 10% qualify for a deduction of $14,000 from the assessed value of the Veteran's property”

[@RGcorbett]

where did you find this info? Can you link a website here?

[@artisanconcrete1212]

Outstanding! Very comprehensive thank you

[@JenniferBeeston]

Glad it was helpful!

[@patriciahuyler4605]

The details provided in her videos is fantastic. Thank you.

[@JenniferBeeston]

thank you!

[@shellyante7149]

I'm 100% and I'm retired total income 4700 mo. have no credit . Yet no credit is stoping me !

[@JenniferBeeston]

Give us a call. We may be able to do a manual underwrite:) 786-933-2077

[@ericchambers8384]

This is some very helpful information thank you. I just started following you last year and I watch all your videos VA Loans related. I definitely be saving some of your videos for future references. I am thinking about buying a house here in Texas by the beginning of next year. Of course I'm nervous thinking about all the preparations and paperwork don't think it would go good with my anxiety but I'm going to make it happen.

[@JenniferBeeston]

You got this! Just start writing a list of any of the prep that is making you nervous and cross it off as you go

[@VaunAcar]

VA disability income is sufficient to buy a house, and it's treated favorably in mortgage applications. Veterans with service-connected disabilities may be exempt from paying the VA funding fee. There's a misconception that 100% disabled veterans don't have to pay any closing costs, but this isn't true. It's essential for veterans to communicate their disability rating upfront to avoid confusion during the approval process. The tax benefits associated with VA disability vary by state and county, so it's crucial to research the specific benefits available. When leaving military service, veterans can't count on VA disability income until they receive proof of their rating.

[@JenniferBeeston]

Fantastic sum up

[@wewatchmovies4446]

Helpful video. Thank you. If you put up some pseudo sound dampers on the walls of your office (any soft and or angular mounts) you may reduce the echo sound in your videos. Not a critique. Just trying to help. Thanks again.

[@JenniferBeeston]

Thank you! I have worked on sound since this video so I think it is better now on newer videos:)

[@bjornjoseph]

Used my 100% rating with reg employment

[@chrisziegenhagel1987]

The problem I’ve found is though the VA loan is a good idea it’s still not financially feasible for most veterans like myself who get VA disability at 100% but also can’t work to afford a mortgage in most states in the country! Where I live in Oregon even with a VA Home loan the lowest mortgage if likely find with average house price at 400k would be over 2k a month. Just for the mortgage. Considering my monthly disability is 3800 a mortgage of 2000 a month with kids isn’t a fincaillu responsible decision. So I basically have felt like I’ll be forever stuck in my low-income apartment where my rent is 900 a month because that’s actually low enough to be okay, but even then I still have to go to a food bank to get extra food because it’s not enough to live on but also too much to qualify for programs like section 8 and SNAP.

[@JenniferBeeston]

States like Texas where they waive property taxes if you are 100% and Florida are solid options to buy with VA disability.

[@DonC11669]

Spot on. Appreciate your time.

[@robertclontz3728]

Fantastic information. Jennifer! Have an awesome day!!!

[@JenniferBeeston]

Thank you! You too!

[@GeroldHarbin-oj2zr]

This is awesome! I'll be reaching out to you, soon! 👍🏾

[@JenniferBeeston]

Look forward to chatting

[@adanilda1980]

I am 90% disabled currently. And I am desperate to move into my own home. I have struggled years depending on my marriage to carry me, but my husband and I are no longer together. I have children to at a young age and I really need help finding a suitable home for my family.

[@JenniferBeeston]

Let’s chat. Give me a call 707-478-0637. If you get vm just say beeston only please and I will give you a call. Let’s get a game plan to get you home

[@jenaleeprice2760]

@@JenniferBeestonwhat state do you work in ? I’m in Oregon trying to find a home that meets all my needs 75% disabled vet working from home SAHM

[@TyTyslickster]

Thanks for this video I really appreciate it 😊

[@JenniferBeeston]

Happy to help:)

[@HMRdynamics]

I’m so happy to find your account. I thought I couldn’t ever buy a home with my VA competition. How much would 90% DS buying power be for a home ?

[@JenniferBeeston]

Nice to meet you!:) Depends on where you are in the country and if you have any debt etc…. Give me a call and let’s chat 707-478-0637

[@anthonygrant2902]

Great information Jennifer. God bless. 😮

[@JenniferBeeston]

Thank you!

[@shannocvirek]

I’m a U.S. Air Force veteran and am using my va loan for the first time I’m also 100% disabled through the VA, but it seems like the city I’m trying to move to and what was able to get pre approved for won’t work unfortunately and with the time limit I’ll have I’ll have to back to renting.

[@JenniferBeeston]

Happy to chat if you would like to talk it through 707-478-0637

[@MarcusWilliamsFITU]

Greetings Jennefier. My wife and I live in Texas and I are both 100% service connected P&T. She would like to use her va loan to acquire a home here with her only source of income from va disability. Could you assist her?

[@Steven-xg6ve]

Great video thank you for the content. Question: Does the 0 property tax extend to multi family homes?

[@JenniferBeeston]

Please call the county property tax assessor. They are the only ones that can answer that question with accuracy .

[@jeanp.5929]

I have a particular situation. I've been out of the service for almost 11 years and now I want to buy a condo. I'm looking to get a conventional loan since I've saved up so much money for the down payment, closing costs and all sorts of stuff. I saved a lot of money in the past 10 years. $140K to be more precise. I have 100% VA disability (at $3332/month), and for now, that's my only income since I'm not working. What I'm worried about since I saw your Debt-to-Income ratio video is my front end is 40%. I have only checked my credit score with Equifax and it's an 820. I'm under the impression since my credit score is really good and my first pre-approval with one of the banks in my area says my mortgage payment maybe $1350/month that I can afford a condo. I haven't gone looking for condos yet but other than the DTI, my finances seem good to go. Am I reaching too far with a 40% front end DTI?

[@jimmieburnett8543]

Have you considered SSDI?

[@jeanp.5929]

@@jimmieburnett8543 Thank you for your advice Jimmie but I won't be using SSDI. I'm only 34 and the only reason I'm not working is because I want to finish college and I have the VA disability carry me. As for the condo, I've resorted to saving more on the down payment to bring down the monthly mortgage.

[@jimmieburnett8543]

Oh, I see Wish you well.

[@stepheni1]

How do you see the recent class-action lawsuit in Missouri, Sitzer v. the National Association of Realtors, affecting realtor commissions going forward?

[@JenniferBeeston]

It’s tough to say how it’s going to pan out right now. We are not seeing many changes except we are seeing real estate agents. Push buyers agreement more upfront which buyers definitely have to make sure they read and understand. As a VA buyer you can’t actually pay the Realtors commission at this point so it will be interesting to see if it goes towards buyers needing to pay Realtor commissions how VA handles that. At this point we haven’t really seen any big change.

[@FilAMUSMilitary]

Hello - as a veteran with 100% VA rating, can he/she purchase first property 4-plex (Bexar County in Texas) live in one and rent the three. Then after the minimum of 1-year, can he/she purchase a single-family home as owner-occupied and rent all of the 4-plex considering not to exceed $726,200. The veteran has sold all properties and has credit score of 850 currently. The veteran has been home owner/landlord since 1995 and sold all in May 2023. Therefore, all loans are paid off. This veteran is planning to rebuild his/her real estate portfolio again:). Look forward to your reply. Thank you from retired US Army officer.🙂

[@MrJalvar1122]

Thanks for all the great info.

[@JenniferBeeston]

Happy to help:)

[@maryjaneprotus2623]

Purple Heart recipients will be exempt from the funding fee that the Department of Veterans Affairs charges on their guaranteed home loans starting Jan. 1, 2020.

[@teddybear8571]

Very helpful video Jenn.. Thank you.

[@JenniferBeeston]

Glad it was helpful!

[@MrHollowfied]

Honestly did not know I could still qualify with just my disability. The market is so bad right now that I am trying to figure out if buying a house in GA is worth it or just wait another year.

[@JenniferBeeston]

Its not looking like it is going to get cheaper. Georgia is a state investors are starting to fall in love with. Always best to qualify and shop but not rush or buy something you don't want. Getting preapproved gives you options. If you find something cool, if not you keep looking. Of course we would be happy to help you get preapproved 707-478-0637

[@jam2.151]

It'll get cheaper save money now!

[@dianelucio5420]

We purchased a home 40 years ago and used my husbands VA. At that time we were told we could only use the VA benefit once so be sure we wanted to use it on this home. Recently I saw something that said you can use your VA for a home multiple times. Is this true? Did things change and we can now use the VA again? We sold that home many years ago.

[@JenniferBeeston]

Yes, you can use your VA benefit multiple times. My guess is you probably worked with someone that didn’t know what they were doing. It’s not uncommon so yes when you’re ready to buy a house again let’s use that VA benefit :-)

[@adrianrobledo4720]

U.S. Marine Corps veteran & I’m going to use the VA home loan for the first time. I’m doing my homework on all of this information (VA home loan, COE, best areas to look for in my area, debt to income ratio… just about everything) and I’m slowly but surely understanding it. I am 60% disabled. I’m looking to get a house by the end of this year and/ or the beginning of next year. Credit it fair (just started building it last year) only debt I have is my car loan. Any more I formation I should regard looking at or think about before proceeding with this process?

[@JenniferBeeston]

Sounds like you are on top of your homework. If there are any big changes I will post to VA Wednesday but at this point keep doing what you are doing

[@yup_pea]

Awesome video 👍 very informative

[@gunnyjwells1977]

I just received a rating of 100%. Because of my divorce, a few years back (during Covid) my finances tanked and my credit score suffered. I've been steadily recovering financially, but I don't work because I'm in school college full time. I use my disability to pay my rent and other expenses. I would really like to buy a home instead of renting. I can afford a hefty monthly payment on rent but I'd like to buy instead of wasting money on rent. Please assist if you can.

[@JenniferBeeston]

Happy to help. We can use VA disability to qualify. Give me a call and let’s talk about the numbers. 707-478-0637

[@infocat13]

Many of us on VA disability are aslo SSDI both tax free

[@infocat13]

My PTSD is pending.............my claim date would be before the fee waiver but I would have the fee reimbursed

[@infocat13]

Sad story I was in a SRO and my friend next door had three emotional support cats she saw I was in trouble and late at night would lone me one of three cats, she was at $60,000 Va abs SSDI so could not have a HUD/Vash? still you would think her income is worth a mortgage?

[@infocat13]

I believe her non-taxable would qualify her for the Knoxville redevelopment crop home ownership after all her nontaxable income far exceed but.....

[@Skywatcher2002]

Retired & 100 percent service connected.Present home paid off. No leans,no morage.I want to get a manufactured home.,to put on the property.I am a senior ,income $4,000 plus monthly.how do I apply for,as home loan? Thanks

[@JenniferBeeston]

Give me a call 707-478-0637

[@billredding2000]

I wish apartment complexes (not only in Colorado Springs, but EVERYWHERE in America) also knew about "grossing up" (multiplying your NET income by 1.25, as mortgage brokers do) but I guess they get very few disabled vets applying (and/or people with SS each month so low it's not taxable, either) so they don't know how to handle an applicant that has only NET income and not GROSS income? But that's hard to believe they only get applicants with GROSS incomes and ZERO applicants with NET incomes. Still, when I try to move into a new apt. complex I REGULARLY have to 'splain (!) it to them, otherwise I get "shorted" on "how much apt rent" my income qualifies me for, as in MOST complexes an applicant has to have 3X (some complexes say 2X, others 3.5X -- it can vary) the GROSS income a particular apt is renting for. However, when an applicant has only NET income it seems to throw/confuse them and they still may disregard that "fine point" and UNDER-qualify you...as if you're just trying to "scam your way" into their complex or something, but it's NOT any scam: We just don't want to be shorted when qualifying! ;-) Ironically, once you "pass" the initially-qualifying 3X Rule -- and they keep raising the rent on you each year -- if you stay there LONG enough (3-4 years maybe) the apt's rent soon reaches a cost you technically could NOT qualify for using this 3X rule if the apt was renting for that amount back when you DID move in 3-4 years earlier. But I have NEVER had an apt complex speak to me about that: "Hey, we've reviewed your records and noticed the rent NOW on your apt -- because we keep raising it on you (you're welcome, BTW) -- is too expensive for you and so so can't afford it: Get out!" I guess as long as you keep PAYING, they figure you CAN afford it and they don't care about the numbers anymore. But for sure, the "3X Rule" at that point becomes moot. ;-) -- BR

[@RGcorbett]

i had no idea about grossing up concept. Where does everyone learn this information? I've only rented apartments out and I'm just now reading about new concepts ie "grossing up" our VA disability income.

[@maryestheraustin2505]

In Ohio, it depended on what county you live and there are more than 80 counties!

[@JenniferBeeston]

Always good to talk to the county property tax assessor especially in Ohio:)

[@whitehorse01111]

Thanks for the video Jennifer, my husband is 70% disabled and 21 Century Real Estate asked him for a down payment and closing and he dismissed the real estate because he found out from friends that with VA loan you do not have to pay for a down payment and/or closing ,just administrative fee of 1%. Is this correct? We are going to check out Rocket Mortgage, Navy Federal, USSA. Which of these 3 would be better? He has been approved all ready for a loan.

[@JenniferBeeston]

Hi Nancy, happy to chat in the am. I am a lender 707-478-0637

[@MikeLopez-o5n]

Hello Marine veteran here, I am looking to use my va home loan for a property in NC, for my children, 1st thing I dont know if I "have" to live there, or if I can declare it to be a rental property for my children, and they pay rent, I am 100% P&T disabled so it will stay with me until I pass away. Have documebtstion if needed. My children will be the primarily staying there. How should I go about doing this? Thanx in advance.

[@JenniferBeeston]

You have to live there in this scenario

[@comodice905]

outstanding shipmate

[@Zonedout_vids]

So what will my 3,850 100% t and p gross up to? Also I hear some states if your 100% t and p you are exempt from property taxes.

[@JenniferBeeston]

$4812.50 is grossed up amount but we can use that amount on on DTI not for residual income calcs. Certain states and counties you are exempt but you 100% need to check with the county property tax assessor where you are looking. Let me know if you would like to get preapproved etc... 707-478-0637

[@keilalynch2652]

So if Texas has the homestead tax exemption for a 100 percent disabled veteran, does the lender still calculate it into the mortgage qualification like the residual income make the veteran pay into the escrow account?

[@JenniferBeeston]

No we don't hit you with the taxes. You have to tell us you are a 100% though as COE does not tell us

[@darklordofyocommunitah4781]

Texas is the only state in the Union that gives a tax break to any disability rating for veterans. Not just 100% disabled...even 20% disability gets a homestead tax break.

[@aljosia6525]

Hi Jen how much of a house should I look at if I get 90 percent disability? I'm in California and I think I might have to look for a house in a different state because of the housing marker being so high here. Thanks

[@sinclairj7492]

I’d recommend Virginia or if you don’t mind Texas

[@jamesbehncke3744]

How certain can you be that your percentage wont be re-evaluated and reduced? 80% 2 years since separation.

[@JenniferBeeston]

I deal with a lot of VA disability and I have not seen this come up as an issue from the loan side. I would check with www.dav.org if you are concerned as they work with VA regarding disability all the time and can tell you if that happens etc...

[@MG-qs5uf]

I'm army retired amd 100% looking to get my first home in Kansas. I have been looking at houses in the area and the ones we are considering are over 350,000. I was approved by another lender for 300,000 but I feel like I can be approved for more. My credit score is above 720 so the only issue would be me not currently working. Retired, 100% VA and currently in college is why I'm not working. Can we talk to see if we can work out something better

[@JenniferBeeston]

Yes would be happy to talk and dig into it for you:) My number is 707-478-0637 and my app is www.zerostressmortgage.com if you fill out app please text me your full name and youtube handle and we will get it cracking for you

[@glutiusmaximus4006]

what did you guys figure out? I am in the same boat and getting paid 100% IU. I have an 800 credit score but last time i tried to get a loan couple years ago and I was only preapproved for $220,000. I have no debt at all and I think they did not bump up my projected pay if I were taxed. thanks

[@JoshuaYeshuaCSULB]

@@glutiusmaximus4006location ? Think that plays a role

[@stepheni1]

I understand you will waive your lender fee. How is that different than the loan origination fee?

[@JenniferBeeston]

Lenders use words, interchangeably our lender fee is the same as origination fee. We waive it for VA.

[@stepheni1]

Do you charge fees for items such as processing and underwriting and, if so, what do they total as a percentage of the loan amount?@@JenniferBeeston

[@JenniferBeeston]

We waive our lender fee which includes processing and underwriting. No total percentage cost

[@RMJ-t5q]

I heard something about construction loans. We need to remove a salvage structure manufactured 'home' and buy a new one for our property. Can a VA construction loan do that?

[@Karen-i8e9t]

What does your credit score have to be to get a va loan?

[@JenniferBeeston]

Va has no minimum credit score requirement. We follow Va guide but lots of lender have overlay. Call me and let’s discuss credit history as that comes into play 707-478-0637

[@stanharley4734]

Thank you for this

[@JenniferBeeston]

Happy to help ❤️

[@jbamerican_usnavy]

So the gross up is $3331 x 125% correct?

[@JenniferBeeston]

Correct

[@jbamerican_usnavy]

@@JenniferBeeston now its 4500 gross but you can't buy a garage with VA income. If you do find a house it won't pass VA inspections.

[@CMS-w6d]

I know you said you don’t charge veterans a lender fee but what about origination fees? Or is the lender fee and origination fee the same thing just different wording?

[@JenniferBeeston]

We don’t charge a lender fee or origination fee

[@CMS-w6d]

@@JenniferBeeston thank you🙂

[@mckinseymcqueen4275]

I can't remember if we talked about this, or if you have a video on this, but what's the minimum credit score.?

[@JenniferBeeston]

For VA 580

[@mckinseymcqueen4275]

@@JenniferBeeston ok.. I believe I’m there.. I just have a loan I missed a payment on last year and I’m waiting for the 12 year lapse.. FYI, that same loan is paid off..😁

[@frederickwoods9634]

I’m 100% T&P, been so for 7 months, can I buy with my wife who is veteran who has 6 years employment his, change jobs and company downsize after being on the job 5 months

[@JenniferBeeston]

Yes

[@jimmieburnett8543]

I am 100% P&T service connected 3,500 . And SSDI 1,500 ..... that is 5,000 monthly does that mean you count it as 6,250 a month gross income? Thinking of moving from Kansas to Oklahoma next month to buy a house. ( Thanks for the tuition info very much Daughter going to college next year) will be looking into that for sure.

[@Barry17599]

Thanks for the info

[@JenniferBeeston]

Happy to help:)

[@sgrr.6685]

Is it possible to start the underwriting process without getting pre approved or does a client have to get pre approved before starting the process? How long does the underwriting process take on average for a conventional loan? And how long should you wait before you start calling your lender for an update during the process.

[@JenniferBeeston]

We underwrite to get the preapproval:) I have a video today about the fully underwritten preapproval and why we do it. Full underwrite DURING PREAPPROVAL for us right now 5-10 business days but depends on how fast borrower gets docs in . Totally fine to check in every other day. We don't mind at all. If you are in contract to buy a house underwriting is 24-48 hours

[@reereeworld]

Please help

[@randall4204]

I'm 90% service connected drawing 2000 per month I also work full time and make roughly 1000 per week but my credit is poor would it be hard to find a lender to work with me

[@JenniferBeeston]

Give me a call tomorrow and let’s talk about where you are now and a path to get you home 707-478-0637

[@randallmoore8017]

Hello, I already have a VA home loan, can I use it again on another home? I'm rated 100% but looking to move back home to Guam.

[@JenniferBeeston]

If you still have eligibility left yes. We do not do loans in Guam however

[@SabeNelson-me8so]

Hi Jennifer, I am 90 percent veteran. I grossed 55,000 in total with my VA income and investments in the past 8 months. I have 6k in student loans in collections, 3600 in rental collections. I am aware of veteran student loans being forgiven. My credit score is a 589-600. Would I be able to get approved? Would my other income count although it's not through a traditional job?

[@JenniferBeeston]

Hi Sabe, I would need to look at it. 707-478-0637

[@RGcorbett]

veteran student loans are being forgiven? Where do i read about this information on an official website???

[@LesserMe]

Brought last year May 2023, Washington State, the tax exempt for the county I moved in has a income requirement. If you make more than $40,000 you do not qualify for the veteran exemption. There is no way you will qualify for a home loan inbthe county I live in. It's a complete sham. Now, I was told to wink wink apply anyway and a committee will review your application on a case by case practice. Really not transparent here.

[@JenniferBeeston]

Yeah that’s why it is so important to talk to the county property tax assessor as soon as possible many counties have caveats

[@thomasjohnson8181]

And how I find out if my V A loan is still active?

[@JenniferBeeston]

We pull the certificate of elgibility

[@thomasjohnson8181]

@@JenniferBeeston I already have that.

[@richardreyes6119]

Hey Thank you so much for your videos, I happen to love a house that’s like a pre built house on a lot (have had the house design saved for 4 years in my KZbin videos) I think you purchase the house and then they build it over the course of a year or so, Is the Va loan able to work with that? I live in NYC and the house would be in Vegas, I currently have a high disability rating, been out of the infantry since February 2022, I’m thinking maybe a year out as I want to build my credit back above 650 before the purchase with a few other things I need to do as well (6-8 month task I think), high utilization is all, no late payments over like the 3-4 years impacting my score I think, when I’ve been late the few times don’t think it was posted cause I’d call and it’d be a hey it’ll be 2 days late type thing. Happy New years BTW 🎉❤😊

[@JenniferBeeston]

Happy New Years! We do not do VA construction loans so I cannot advise on the specifics of that unfortunately. It sounds like you have a good game plan with credit. i would start researching lenders who do VA construction as I have yet to hear of a company that someone really liked.

[@irvingclark3925]

I'm 90 percent disabled, but receive 100 percent for employability. How would that rate?

[@JenniferBeeston]

We would go off of the monthly amount you receive and then gross it up as it is non taxable. For property tax exemptions I would call the county tax assessor as they are the best source

[@billyamerson5572]

Hi my question is if my active duty service ended Oct 2022 and I started truck driving for a company and I now am 70 percent disabled through the VA and still working can I look into getting a home load or do I need to wait until after being in this job field for 2 years before I can qualify?

[@journeyto100channel2]

Not too sure if you gonna See this comment. But before October of 2023, I HIGHLY RECOMMEND you go to VSO and Claim something to up your Disability Rate! You’ll get from MAX 1 Full year out of your Active Duty day, you’ll be eligible for Serious BackPay if you get up 80, 90. Or even the Big 100!!!

[@DysVeteran]

God, I hate to admit this but I don't know anything about buying a house and all this is so confusing for me lol I got a lot of research to do 🤦🏽‍♂️

[@JenniferBeeston]

I have 300+ videos for you

[@JenniferBeeston]

I have 400 videos for you

[@rell_1914]

What about the back end DTI can you gross it up. On FHA loan with Va disability

[@JenniferBeeston]

You wouldn’t gross up the backend debt to income. You would gross up the income but with FHA it’s 15% gross up whereas VA is 25% gross up. If you are a veteran a VA loan trumps FHA like 99% of the time.

[@kokukpodzro2712]

Hi @jennifer,please do you have real estate in MD or virginia that can help buy house ?im veteran and I only want to work real estate with VA experience

[@JenniferBeeston]

Yes and I would love to help. 707-478-0637

[@kokukpodzro2712]

@@JenniferBeeston thank you

[@annacabella6982]

Are you licensed to sell in Montgomery, Alabama?

[@JenniferBeeston]

I am a mortgage lender so I can do the mortgage in AL:)

[@annacabella6982]

Wonderful

[@BrandonTylerWard]

Do you know a way around having a 576 credit score to still get a loan got my coe 100% P%T

[@JenniferBeeston]

We do as low as 550. Key at a 576 score is no lates within a year Happy to discuss 707-478-0637 tomorrow

[@ammaroda9409]

How will afford the mortgage with unemployability permit disability? Is there mortgage assistance since the income is limited?

[@JenniferBeeston]

No we just use the disability income as income and qualify based off of that

[@dennybrown3010]

Is it a hassle to apply for a HISA grant for a unobstructed shower? Is it something where they have to open up your VA disability claim?

[@ricardo3500]

No hassle at all, at least for me. You do have to do a little bit of homework. Find a reputable contractor that will start the project with half down if low on money. I was given half money up front to purchase materials/demo. My contractor was not paid until the end and it took 5 weeks before he got paid. Most contractors are scared they will not ever get paid, but they will. I used HISA 2 years ago during Corona Viris to remodel my master bedroom shower. It is now a walk-in nonslip shower w/ several handrails, elevated toilet with wall rails as well and non-slip floors throughout. You DO NOT have to open up your MAIN VA disability as I was hesitant at 100%. I follow the unwritten rule to NOT wake a sleeping bear on my 100%.

[@davidvazquez4976]

Jen can I use my VA loan again to buy a second home?

[@JenniferBeeston]

If you plan to live in it then yes:)

[@JenniferBeeston]

If you plan to live in it then yes:)

[@davidvazquez4976]

@@JenniferBeeston so I could never get a extra home for income?

[@applejack2911]

I am a US veteran with 4,000 mth pension, 600 credit score, 1 year on time payments. VA told me I am eligible for between 144,000 and 550,000 loan. Only problem I have 45,000 in school loans on deferment, do you think I could qualify?

[@JenniferBeeston]

I would want to look at your full file

[@applejack2911]

@@JenniferBeeston Thanks, I have an appt. with you on the 5th.

[@darklordofyocommunitah4781]

100% disabled veterans get a school debt relief. Just putting the information out there.

[@applejack2911]

@@darklordofyocommunitah4781 thanks for the info, but I'm only 10%, they should give all Vets a break

[@darklordofyocommunitah4781]

@@applejack2911 I agree with you there. If you do another claim or you do secondary claims, to light a fire under the VA's behind, send one copy of your claim to your local state representative and one copy to the DAV or comparable Veterans Service Organization. Good luck! 🤞🤞

[@edwincruz4414]

I am currently receiving total unemployability TDIU. Do I qualify for property tax exemption?

[@JenniferBeeston]

Call the county property tax assessor. That is the only person that can give you an accurate answer

[@Linxs718]

Can vets use the va home loan to purchase a building and not a home ?

[@JenniferBeeston]

Home loan only

[@chadhemsoth7974]

Can I get a 1 million dollar loan if I meet the income requirements, but I have bad credit? I’m fully VA disabled.

[@JenniferBeeston]

Depends on what the credit score is. Everyone gauges bad differently. Call me to discuss 707-478-0637

[@maryelshire7497]

With 100% survivors benefit what can I qualify with 648 credit plus social security?

[@JenniferBeeston]

Hi Mary, We do not do rough numbers. There is so much more info we need in order to give you an accurate number. Happy to look at for you 707-478-0637 or pick a time here calendly.com/jennifer-beeston/va-loan

[@durante6500]

Vet from Florida...is there a way to get pre-approved to see where we stand or can afford? First timer here

[@JenniferBeeston]

I would be happy to chat Tony. Pick a good time here:) calendly.com/jennifer-beeston/va-loan

[@Projectvetjet]

What is minimum credit score requirement

[@JenniferBeeston]

VA does not have one but ours is 580. It differs by lender

[@EAster33]

Hi Jen, Recently 100% p&t. Looking to buy, Had past due bills and collections,due to not working. I have finally paid everything and have been caught up since October. How long should I wait since my last late payment( credit scores are over 620 on credit karma).

[@EAster33]

Also my only source of income. Have no kids and one car about 370 a month

[@JenniferBeeston]

Tough to say as it will depend on the computer. Personally I would wait at least 6 months but that is literally just based on observations over the last few years and no facts

[@EAster33]

@@JenniferBeeston ok so after March or April give you a call? Ok thanks

[@mikeshaw7670]

I’m 60% disabled I’m looking to buy a house what do I get as in benefits I live in the mid-Hudson valley in ny

[@JenniferBeeston]

Would love to help! 707-478-0637

[@wendyruiz7580]

I work for the military full time so I get paid BAH, I am not sure if you’re familiar, but it’s Basic Allowance for Housing and it is about half of the income I make and it’s non taxable. Would you be able to write that up as well ?

[@JenniferBeeston]

I deal with Bah everyday and we use it as income and gross it up

[@LawDogg01]

What if you paid the funding fee before you were given a disability percentage?

[@JenniferBeeston]

If you had filed for it then call VA. If you paid funding fee and then filed later that is a different story. Definitely chat with VA

[@AJMac1]

Great video, and thank you for the information. I'd say remove the subtitles, it's distracting.

[@keithlopez7268]

Can I use my VA loan to purchase a condo here in the Philippines

[@JenniferBeeston]

No, US only. Philippines became independent of US in 1946

[@NeoSoulCrew]

Can newly granted VA disability be used for income? I'm anticipating getting 100% soon.

[@JenniferBeeston]

As soon as it is granted and we have receipt of payment then yes:)

[@Iamonepercent]

Veterans that are disabled are unable to afford homes. Anything less than 100% VA rating is a lock for eventual homelessness in this country.

[@24klogan86]

Howcome? I’m just curious

[@Iamonepercent]

@@24klogan86 inflation outpaces the cost of living. The rate for 90% currently sits at $2172 in monthly compensation, which isn't much. A 90% disabled veteran is not likely to retain much gainful employment and jeopardizes their living situation. How many cities have rent that is 1500 or more? Good luck finding rent like that in some states period. Where in America can a veteran get a home loan where they meet the debt to income ratio? Most lenders will max at 40% and you might get very "lucky" with 50%, which is $1086 for a mortgage. Property tax benefits for most states are for 100% rated veterans or Medal of Honor recipients (not many of those Veterans walking around). Sellers tend to avoid VA loans too, as they have too many requirements on the sellers end. Can't get into a bidding war when you are maxed out on your loan amount. No Veteran should have to move from their home towns and states to find "affordable" housing in crime ridden poverty stricken areas just to live. There are exceptions and some Veterans make it work but a lot also have a spouse or were officers that were making an ungodly amount of money and saving for big down payments. Overall, most veterans are struggling to keep their head above water. That is my rather rough sketch of the struggles, which doesn't account for the VA's circus and the Veteran's actual disabilities and those struggles. If you disagree, I would love to hear counter arguments.

[@24klogan86]

@@Iamonepercent I don’t completely disagree. You made valid points on inflation the cost of living is ridiculous nowadays but again it’s all about how you budget and how much you put away as a down payment for a home and of course the rating. $2172 is not a ton of money and as you stated you won’t find a lot of places that’s $1500 a month for rent or mortgage but that’s not the case for every place. My grandfather’s mortgage is $694; it’s a 4 bedroom and 2 bathroom house on 1 Acre of land (he brought the house in 1999 so it’s give or take with that example) lastly it goes back to each veterans situation, how you budget, how much money you have put away, your credit score and as you mentioned debt to income ratio. I don’t completely disagree but 90 percent disability is manageable. I’m still awaiting my rating so I’m new to this.

[@DailyDoseOf-TheWord]

Hello Jennifer, I am 100% in Las Vegas, currently at 3,900/month, sole income. Are you able to assist in our area? Seems impossible.... but we currently rent for 1350/month, and cant afford more than that.... is it possible to get a house for that little?

[@JenniferBeeston]

Hi, I am totally happy to help in las vegas, I do all of Nevada. In regards to housing prices you definitely want to talk to a real estate agent about that but we could get you preapproved see where you qualify and then put together game plan. Grab a good time to chat here calendly.com/jennifer-beeston/va-loan

[@davidaranda9220]

Do I need to have a 2 year history of receiving VA disability to be approved? Like they do with job salaries. Or can I apply months after being approved for disability?

[@JenniferBeeston]

No you do not need a 2 year history we can use the minute you start getting:) Call me when you are ready to go 707-478-0637

[@j.tranp4494]

Thank you Jenn! 🙏🏼🫡

[@JenniferBeeston]

❤️

[@JayTaylor-xu6kt]

Hey Jennifer, I need help! Im working with a lender whose giving 4.99% but im still active right now. I was just approved through the IDES (medical) process for medical retirement and 100% va before exiting. Im trying to explain to this lender im set but they dont understand the situation as they hardly work with veterans. I need help and some experienced to tell these guys that I am good to move forward! :/

[@michelesilva3873]

We live in Spokane WA but my husbands credit score is not quite 580 he is 100 percent VA disability and railroad retirement can you help

[@JenniferBeeston]

Yes our min is 580 so as long as he comes in over that we should be good:) 707-478-0637

[@silverriley5701]

I keep getting denied for anything because I don't have enough credit so what can I do?

[@JenniferBeeston]

I have lots of questions about this as there are non traditional credit options with VA if you can show rental history and utility payments. The only time it is challenging is if your score is below 580 etc.... Happy to discuss 707-478-0637