Here's How Much 100% VA Disability Might Get You

Jimmy Vercellino - MLO Specializing in VA Loans

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I feel like Veterans are not taught this information. So I'm excited to share it.
Ever wonder how much VA Disabiliy might allow you to purchase with a VA Loan? In this Video I do my best to help Veterans understand just how much they might qualify for following the necessary underwriting steps.
While it is an example, I'm confident that you can follow the same framework and apply it towards your personal scenario, or I can do it for you!
WE SERVE VETERANS NATIONWIDE with ALL of their VA Home Loan Financing Needs.
Contact me:
1. Check your eligibility and receive a personalized evaluation of your VA Loan: connect.valoan...
2. Email me at jimmy@valoansforvets.com
3. Book a FREE 15 minute phone call with Jimmy
outlook.office...
#valoans #vahomeloan #veteran #homebuying #mortgage #veterans #valoan
Jimmy Vercellino, Mortgage Loan Originator/Regional Residential Mortgage Director NMLS 184169 at First Western Trust
Corporate NMLS 477166
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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender.

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6 сен 2024

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Комментарии : 37

@JimmyVercellino 3 месяца назад

I feel like Veterans aren't taught this info - so I'm excited to share it. Remember it's an example, but I think it will provide you with a good idea of how using VA Disability works when purchasing a home. Questions? I'm not hard to find. Contact me: 1. Check your eligibility and receive a personalized evaluation of your VA Loan: connect.valoansforvets.com 2. Email me at jimmy@valoansforvets.com 3. Book a FREE 15 minute phone call with Jimmy outlook.office365.com/book/BookaConsultwithJimmyVercellino@myfwus.onmicrosoft.com/

@untwu 3 месяца назад

Paying a 2k mortgage with 4.1k income is not a great idea. Won't leave much for life after utilities and food. In almost any market now a 275k house is usually a dump or needs a lot of upgrades at best. This is a tough market we are in.

@JimmyVercellino 3 месяца назад

Thanks for the comment. I understand where you are coming from - always want to ensure the Veteran has a peace about mortgage payment. While the scenario provided is an example and as I mentioned in the video can vary depending upon several factors like additional income, be it from a job, or SSDI, and or spouse income. This scenario was soley using VAD and provides a framework to help Vets understand how VA qualifies Veterans to use their VA Loan.

@JimmyVercellino 3 месяца назад

@@untwu 💯💪

@MonkaSideEye 3 месяца назад

Not trying to be abrasive, but what is the vet doing outside of collecting VA disability? Is he sitting on his hands and not working to offset the remaining cost of living? Yeah, across the board things are more expensive and the market sucks but you cannot use that as the only excuse for not working hard to achieve a higher wage to supplement your life

@VeganForLife-gg2ol 3 месяца назад

Depends where you buy , bout my home here in South Carolina, 275,750 and it’s a brand new construction, 3 bedrooms , 2 baths with no carpet and awesome upgrades. You are right though, this was rare and the builders dropped the price and gave major incentives that took care of closing costs.

@marruz0 3 месяца назад

Jimmy you are the best in the business my brother! Keep on teaching!

@JimmyVercellino 3 месяца назад

I appreicate the love my brother. Have a wonderful weekend. Love and Blessings to you and your family!!!

@RLTW_03 3 месяца назад

💯

@mimirenae0616 3 месяца назад

I just stumbled across this video and your page is so helpful and informative. There’s so many veterans who are completely clueless when it comes to this entire process. These videos are amazing and I’m gonna share it with everyone I can lol.

@JimmyVercellino 3 месяца назад

Love it Mimi - thanks for the love. Have a wonderful week!

@rillesttalk 25 дней назад

We’re about to go into escrow here in LA. I was feeling down for only having about 5k left over after getting into what looks like a $6500 monthly mortgage. It’s worth it because it’s hard to find a beautiful house in a decent area on .51-acres.

@JimmyVercellino 24 дня назад

Love that brother. Know that I'm here to help with questions.

@carloscamacho8729 3 месяца назад

Great information and Thank you for sharing. I just received my VA disability rating at 100% and looking into all the property tax savings. I would like to add that for those Veterans with a VA loan and looking to purchase another property. You are able to obtain a 2nd tear VA loan in you are planning to move up in house. I currently have two homes in AZ under VA loans. I am sharing because most of the Veterans and even Realstate agents i talk to are not aware this is an option.

@JimmyVercellino 3 месяца назад

Hey Carlos! I'm located in AZ. I'm so happy to hear that you know that because you're absolutley right. Most Veterans and Realtors are unaware of this. I actually have videos on this topic that you can check out.

@RLTW_03 3 месяца назад

Jimmy - was that your wife calling again? You best not silence it 🤣🤣. This video was 🔥 brother and well explained. Keep on pushing content out to us veterans!!

@JimmyVercellino 3 месяца назад

haha - appreciate you and the support my brother!

@bigsurmoonchild Месяц назад

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 RU-vidr, 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.

@JimmyVercellino Месяц назад

Semper Fi Brother. Monthly payment is more of a personal comfort decision. What I would say however, is that bast off what you share it would appear that you're wel qualified to carry a 3400/3500 monthly payment. Let me know if I can answer any other questions. Jimmy@valoansforvets.com

@npzninja 3 месяца назад

lofi vibes, nice touch

@JimmyVercellino 3 месяца назад

Appreciate that!

@The_Dancelegz_Experience 3 месяца назад

This residual income sheet is a game changer

@JimmyVercellino 3 месяца назад

Thanks for watching!

@Randy_Savage_ohyeah 3 месяца назад

Thanks for the details…

@JimmyVercellino 3 месяца назад

💯💪

@tinarainey5966 Месяц назад

$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 ?

@JimmyVercellino Месяц назад

It'll depend on location of course. HOA will vary depending upon property.

@gustavocosta8723 Месяц назад

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??

@JimmyVercellino Месяц назад

This is unfortunate and in my opinion should have been relayed to you upfront by your lending team. You'll need to wait until you have your VAD % locked on before you can buy. However, if you're receiving retirment pay you may be able to document and use that. Please let me know if I can be of further help.

@TheTeagues-jb4hu 3 месяца назад

I would like to speak with you regarding using my VA Loan.

@JimmyVercellino 3 месяца назад

Let’s make it happen- Jimmy@valoansforvets.com

@Justplainoljeff 3 месяца назад

Do you feel the residual income calculation hurts or helps the vets in Qualifying for more home vs the traditional DTI calculation w conventional loans. Great explanation of the residual. Wasn’t tracking until now. Thnx

@JimmyVercellino 3 месяца назад

I appreciate that Justin 💯💪 my personal feeling is that it’s a more common sense approach to approval. Both FHA and Conventional use gross monthly income towards DTI Calc which is flawed imo given nobody actually brings that money home (or at least 100%) of it. Instead VA qualifies with how much money the vet has leftover which is a better gauge of ability to repay.

@Justplainoljeff 3 месяца назад

@@JimmyVercellino super helpful man.. thanks!

@cjamestv. 3 месяца назад

Hello. What can i do or do you have any tips to negotiate buying a house using VA loan like For discounts and low interest rate. Do i negotiate first before sending all the documents they need, or before starting the whole process.

@JimmyVercellino 3 месяца назад

That's a really good question. If you know you're going to be prequalified I would discuss options with the lenders you'd like to work with. Once you've chosen one I would then begin the process of sending them the required docs.