SellingNorthernNV

Quality Real Estate News and Market Data

What fees can and cannot be paid by a VA borrower

Josh Talayka | April 6, 2010

I’ve spoken with many agents in regards to working with veterans who are using their VA loan benefits. I’ve been surprised to learn that unless they work exclusively or at least dedicate a large portion of their business to working with veterans, many agents are not very familiar with VA loans, and what fees their clients can and cannot pay for. When helping a veteran purchase a home using their VA loan benefits, it is helpful to know before hand which fees they can and cannot pay in a purchase transaction.

Nevada Rural Housing Authority: Home at Last Program (tax credit)

Josh Talayka | January 3, 2010

The Home at Last Program Is a Mortgage Credit Certificate (MCC) program that provides a dollar-for-dollar federal income tax credit equal to 20% (for loans over $190,000) or 30% (for loans under $190,000) of the interest paid on a mortgage loan. This credit is given to the homebuyer every year as long as they live in the home. This tax credit will provide an estimated annual savings of $2,000 a year per household.

VA Loan Limits and Requirements

Josh Talayka | December 18, 2008

VA Loan Limits and Requirements