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Hey Jimmy if my state id is expired but everything else is good can I still buy a house using the va loan?

I saw a floorplan for a 2 bedroom/2 bath house with an in-law suite. This physically laid out with the intention 0f an adult caring for an elderly parent, the kitchen/sitting area is missing an oven, but has a sink, microwave and fridge under the counter, there is a separate bedroom and bathroom. Would this be considered a single-family home for permits or a legal 2 family? As a rental, would you suggest separate utilities if it needs a separate permit, or would a permit make separate utilities required? The front door is positioned so a nonstructural wall can be used as a partition dividing the two living areas.

Did this 4 times

Incredibly informative video thanks jimmy. I have a unique issue I’m trying to solve. I currently have my primary home with a VA LOAN and own another home out right that I flipped with debt and wanted to know if I could do a VA cash out refinance on that flip to pay off that debt and pocket profits ?

Thank you Jimmy

I was told you couldn’t use a VA loan to purchase a Condo. Is this true?

building wealth renting and putting all money in the market index fund

Did you say, if we receive a disability rating of 10% or more then that will disappear for the rest of our home buying career?

$275,000 what state are you in because that’s like qualifying for a mobile home here in Vegas .. how do you calculate HOA with that ?

wait a sec, you can use more than 1 VA loan? wtf

Love your channel!

Hey Jimmy! I have been watching you for a while now, you know your stuff for sure. I'm a USMC veteran that recently was award 90% TDIU, and retired Correctional Officer who is also in the processes of receiving SSD. My monthly income is $7200 currently, Tgis will change in about 9 months. I am working with another UA-camr, who like yourself seems to have their ducks in a row. In the top 1% of loa origanators. So my question to you is, If my monthly income currently is 7200, would you advice against a monthly mortgage around $3,400 or $ 3,500? One more thing to consider. I have a very low debt-to-income ratio and I have the SSD pending($2000 approx) Keep up the good work! Thak you for puttingout great information.

This is a huge point that needs to be educated more. As a real estate investor I’ve learned this and it’s difficult to get the ball rolling with VA sellers when this is not talked about. And even some loan officers don’t agree. Very niche topic, thank you 🙏

Can you make a video about recommended Va home loan lenders?

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I hope you’re still doing this in 2 years when I get out, I think I would like you to help me with my first home purchase in the future❤

So I have a home now under my va load I’m coming up on a year of having it and it’s a new build . how can I buy another one using my VA loan if I rent my first one out

Do VA certificate expire?

0: 47 why she flipping Cozy off?! Yokes aside it's weird being 100% disabled, combat related, plus CRSC with zero debts means Cozy still can't buy a property. Seems weird.

Wow ! That was by far the most useless video I've seen on this channel.

the volume quality sucks!

Could I get a VA Loan to fix the house I already own. I had my house appraised for 55000 so he told me that I would qualify for 44000. But I don't know what to do.

First comment 🎉

@JimmyVercellino What if you didn't want to come up with 25% of the 100k difference between the $526,200 and the $426,200? Can I use the va loan to cover a 5% down payment with a conventional for the $100k difference in price?

Thank you for the information, i am stationed in north carolina but i want my residence home to be in florida, is that possible with VA loan?

What was your MOS in the marines?

Also, is there a timeframe that you must move in the property after purchase? If yes, are there any exceptions?

I'm trying to purchase a property, my current orders imply my PCS is CA vice FL. I submitted a statement of service stating my current orders reflect CA. However, I'll be going to FL, and the order mod is being processed. The loan processor said the statement of service will not suffice, the orders need to reflect FL before I can proceed. The issue is that I don't know when the order mod will be complete. So my question is; shouldn't the statement of service suffice? If not, is there something else that can be done? Please advice. Thanks in advance.

I'm trying to purchase a property, but my current orders implies my PCS is CA vice FL. I submitted a statement of service stating my current orders reflect CA, however, I'll be going to FL and the order mod is being processed. The lender said the statement of service will not suffice, the orders need to reflect FL before I can proceed. The issue is that I don't know when the order mod will be complete. So my question is; shouldn't the statement of service suffice? If not, is there something else that can be done? Please advice. Thanks in advance.

Thank You so much for this valuable information

could the loan go to getting land AND a manufactured/mobile, home?

I'm in the processing to buy a home. I am in 7 month in on my contract, I apply for a VA pre approval loan and went tho.. even tho I'm not 1year in, does that matter? I hear people saying you need to be 1 year in to get VA LOAN however my realtor and loan officer didn't say anything about it? should I look into it?

Your writing is terrible

For 100% service connected veterans in PA we are exempted from all taxes. In a FHFA loan with VA loan you only have to put 1k down at closing. If you in good standing for 10 years the closing costs are waived. So if you have instant equity in the home (buying my mom house) would they allow me to get the equity and pay off the closing cost and do a house hack after a year or two to get a quadplex? I understand I would need to switch to conventional loan before starting over again.

I'm about to close, just signed the closing disclosure on my VU. I had my closing costs and extra fees credited into my loan amount. Was this a good idea or did i screw myself?

Will it be a problem that ive never had a payement? No phone bill, no loans of any kind, no rent. Ive always consistantly put away money, and never gone negitive, always staying frugal.

Jimmy you are the only one out there sharing this high level of helpful VA related information! Thanks for looking out for us vets trying to maximize our VA benefits. Oh I’ll also add that your wardrobe game is looking stronger than ever.

I recently applied for my COE but they said I needed to serve 24 months continuously & I served active duty for 11 months. I was wondering Is there anything I could do about that?

Can my long time girlfriend or non spouse be on the VA loan with me ? I am the vet, and I want both of our incomes considered for approval etc,, but I want to know if it is possible without marriage license and if so, would there now need to be a down payment as a result?

I was looking at closing on a house, I got my COE, and I got prequalified. I was told I needed to put money down. A cashier check for $3500 to outbid the other buyers. Is this normal? I’m only asking because my parents and my battle buddies never had to put money down. I am 100% disabled and I have a honorable discharge.

I am trying to buy a house, the bank just asked me for letter from my commander and myself specifically saying I am eligible to reenlist on my ETS date. But I am medboard approved and waiting form %. Which means I am leaving the army. How can I get trough that problem??

I hope you get this, we want to do a cash out refinance on a VA we are in the process the beginning, we owe less than 100,000 on the home market value says it’s worth 311,000 and we want 200,000 cash is that gonna be possible also is the VA strict when it comes to appraisals my husband went through the roof and while he put the sheet rock back up, it still needs to be fixed, but there’s not a hole there thank you in advance. Also, how long does the process take?

Is there a list of lenders that are available?

Has the time frame to rent out your VA loan home decreased from 1 year to 6 months?

Hi! I’m in active duty in the Navy, stationed in San Diego. I’d like to use my VA to buy my parents a house. They live in the LA area. They would pay the house monthly and it would be mine since I go “back home” to visit my parents often. Is this possible? Thank you!

Hey Jimmy I have a question we are under contract on a house in a different state and our underwriter person told us that I needed a job offer before we could close our house if I'm not on the loan why is it required for me to have an offer letter before closing, is there a way around it like a email or a letter from potential employers about there interest in me or does it have to be straight to the point offer letter?

Amazing video!! Would you happen to have a video for those of us who used the VA home loan and want to free it up again be used for another home?

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Hey Jimmy! This is for either you or Phuong. When you guys talked about purchasing a home while deployed It seemed like you were talking about two solutions that could apply to different scenarios. What if I'm OCONUS and want to purchase a home but I am single with no family, this would be my primary residence post deployment. Could I make this happen? Otherwise I'm good to go LOL

Great info. If you could let your guest talk a little bit more uninterrupted, it would be better. Otherwise, phenomenal show. I greatly appreciate your passion for veterans and active duty military.