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So what we have done is identified everyone’s personality type and what environment they need to perform and provided them the support and tools they need to work from home as well as made it safe for those that need to be in the office. With UV light filtration in our HVAC units, temperature checks upon arrival, masks and regular sanitizing we created a safe work space for the small group that prefers to come in regularly. Part of our community effort focuses on veterans and this year we are dedicated to helping veterans in many ways, such as connecting rescue dogs with veterans through Shelter to Soldier, creating a veteran outreach coordinator position to help offer support services to veterans, and hiring more veterans. Usually market corrections come and stabilize, but the stimulus has been delaying the corrections, so I foresee some corrections in the next five years and we plan to mitigate and have prepared for the risk.

During your home loan research, you may have taken note of how PMI, or private mortgage insurance, can increase your costs, but it is required for many mortgage programs. However, if you’re a veteran or active duty service member, you may be able to avoid paying PMI insurance and significantly reduce your mortgage costs with a VA home loan. You likely felt relief upon finding that the answer to “do va loans have PMI” was no, but let’s dive deeper into why it’s considered to be one of the primary benefits of VA home loans. The main benefit of avoiding PMI can significantly reduce your overall mortgage cost, meaning you can use this money toward making extra payments on your mortgage or covering other necessities (including home repairs and maintenance, which are usually unexpected costs of home ownership).

A Jumbo Loan is a type of home loan that allows borrowers to qualify for a larger loan that exceeds the conforming loan limits, which typically cut off at $510,400 for most counties. Put simply, a jumbo loan, also known as a jumbo mortgage, will offer high-end financing that traditional loans cannot. Many areas conform to the $510,400 limit, even Counties like Riverside that have luxury home areas such as Palm Springs, Palm Desert, Rancho Mirage, and La Quinta. Griffin Funding now offers Jumbo Loans with as little as 10% down and we are dedicated to making home loans more accessible to borrowers, offering competitive interest rates, more flexible terms, and five-star service.

In addition to VA loan income requirements, there are also VA home loan debt-to-income requirements you might have to meet. To calculate your debt-to-income ratio, simply add up all of your debt obligations, such as credit card debt, student loans, car payments, etc., and divide them by your gross monthly income, which is the amount of money you take home before taxes and other deductions are accounted for. Aside from the VA loan income requirements discussed above, there are certain VA home loan requirements you must meet in order to obtain a COE. At Griffin Funding, we can help you obtain your Certificate of Eligibility and go over our income, credit, and debt-to-income ratio requirements.