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Ray Said:

What are the ideal requirements for getting a home loan?

We Answered:

All you need is a 10% down payment, PLUS 3 months of mortgage payments in the bank. Other than that, you are looking great!

Wayne Said:

What kind of requirements for a first time home loan?

We Answered:

Easy, Call Paul from Nation Mortgage (310) 795-3903
http://www.NationMortgage.com
http://www.RefinanceHomeLoan.com

Greg Said:

Requirements for VA home loan?

We Answered:

The only guidelines I've ever been given came from an appraiser a few years ago. At that time it didn't need to be 200 amp. It may have changed since then though.

Best bet would be to talk to a VA appraiser and see if they can get you a copy of the guidelines.

Amy Said:

va home loan requirements?

We Answered:

YOU having a VA loan is COMPLETELY irrelevant to the seller. They could care less how you obtained your financing. Your VA loan and its requirements are ONLY between YOU and the lender....that's it.

Georgia Said:

home loan requirements?

We Answered:

The others are correct, and I will add to verify that you either have or have not been taking the deduction for mortgage interest.

For a first time home buyer program, they will want to be sure don't own a home.

Gail Said:

What are the basic requirements for obtaining a home loan of $200,000 or less?

We Answered:

You need good credit... this includes default payments. You need to not make large purchases...don't add any more credit cards to your wallet....save up because a down payment on a house is about 20% of the loan amount. You can get 100% financing but you have to have pretty amazing credit. You could try using a goverment loan if you qualify..(USDA, HUD, ect). check out a sec 504 or 502 loan... it's a low instrest loan for first time home buyer. If I were you I would go to a first time home buyers class ( most lenders require it anyway). The class is a good thing to just get out of the way...they will step you through the buying process. good luck