The Home Loan Process
Our Preferred Lender
Michael Fornerette
NMLS# 121193
MY REVIEWSVA Loan Features
- ✓ Up to 100% financing available
- ✓ No monthly private mortgage insurance
- ✓ Seller concessions up to 4% of the reasonable value of the property
- ✓ Credit scores as low as 580 FICO in Washington
- ✓ Must be a veteran, active duty or reserve member to be eligible
- ✓ Manufactured homes allowed
- ✓ 100% cash out refinance available
- ✓ Non traditional credit
Why Work With Michael Fornerette?
- ✓ Consistently one of the top 5 VA loan officers in Washington
- ✓ Has helped hundreds of VA families find their home
- ✓ Personal ties to veterans and active duty members
- ✓ Committed to providing outstanding customer service
Know Your Mortgage Payment
Based on the home's sale price, the term of the loan, buyer's down payment percentage, and the loan's interest rate, this calculator can help estimate what you'll need to pay out monthly for your new home. This calculator factors in PMI (Private Mortgage Insurance) for loans with less than a 20% down payment, as well as town property taxes and its effect on the total monthly mortgage payment.
Buying a home is a big step! Whether you're buying your first home, your dream home, or your tenth investment property, yours will be a big investment. We know how important this is to you and we have an army of experts to make sure we find the perfect property for your unique circumstances. Finding the perfect property is just one way we can help you with your real estate purchase.
In order to determine the amount of home you can afford a lender will use your debt-to-income ratio to determine the percentage of your pre-tax income you spend on debt. Your debt ratio will include: monthly housing costs, car payments, credit cards, student loans, and any other installment debt. If you take on more debt before buying a home it will have an impact on the amount of the loan that the lender will finance.
