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Proudly serving our veterans

 

PLEASE CHECK BACK OFTEN FOR THE CONTINUING SERIES


      

Some of our Hall American Team of veterans now retired from military service but still helping other veterans everyday:  (Pictured from left to right) Matt Gurniak, Craig Hall and Dave Rhodes.

Call Craig anytime to explain your mortgage financing options as a veteran; here is some general information to get you started.

 

Financing for veterans

To use the VA Guaranteed Loan

-       Least restrictive

                     o   Min 600 credit score

o   Highest Debt to Income (DTI) ratio; over 50%

o   Zero down

-       Max entitlement $453,100; you can borrow more but need 25% down of overage

o   Can split entitlement into multiple properties

-       Funding fee: 2.15% for first time use, 3.3% thereafter

o   Can roll into loan

o   Waived for 10% or higher VA disability rating

-       Need to prove your eligibility

o   Active duty orders, DD-214, Certificate of Eligibility (COE)

-       When you sell, you get your VA eligibility back



To use -Texas Veteran Land Board; AKA Texas Vet

-       Added entitlement for veterans who are Texas residents

-       Use it with VA, FHA, or Conventional

-       Cons:

o   Funding fee of approx. 1%

§  Pay at closing; CANNOT roll into loan

-       Pros:

o   Typically lower interest rate than VA

o   With 30% VA disability or higher, rate goes down another .5%

Pay attention to your Credit

-       Pull credit report once a year

-       Don’ts

o   Don’t try to understand…it’s counter intuitive

o   If credit is low? Don’t try to “fix” it yourself

o   Don’t use “24 months same as cash”

o   Don’t close your oldest account; could lower your score

-        Do's

o   If credit is good? Keep doing what you’re doing. Don’t try to “raise” it yourself

o   Use your credit; Keep low minimum balances on every account

o   Pay your bills on time, every time.

Proudly serving our veterans

Craig is a member and mentor for USO Pathfinder.  This service organization has created a unique transition model by opening a facility that in military terms can be coined a “rally point” or civilian “one-stop-shop”. They connect targeted resources for transitioning service members and their families in more efficient, effective, and positive ways. 

https://www.uso.org/programs/rp-6

 

 


Hall American Realty
Craig Hall, USAF Ret.
Broker / Owner

San Antonio, TX 78261
Phone: 210-540-9585
Email Craig

Please click here for Information About Brokerage Services (IABS) as directed by Texas law. 

 

 


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