Many employed veterans unable to afford typical mortgage

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VA Funding Fee is a Form of Mortgage Insurance. The IRS views the VA funding fee as a form of mortgage insurance. As of the 2017 tax year, mortgage insurance was still deductible on your taxes. This meant that veterans could still deduct the expense on their tax returns.

 · Past Tax Returns: Many mortgage lenders request not one tax return, but two – especially if you are self-employed and don’t have any W-2s to prove your income. You can fill out Form 4506-T or Form 4506T-EZ to request transcripts of the tax returns if you didn’t save copies.

VA Loan s for Veterans . The VA Loan is a home-mortgage option available to united states veterans, Service Members and not remarried spouses. VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).

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Many employed veterans unable to afford typical mortgage Posted on July 13, 2012 by jkunkler Veterans returning from service struggle to find jobs, but even those that do may have extreme difficulty affording a home in today’s market, according to a study by the Center for Housing Policy .

This is an update to an article published a few days ago about the government shutdown and mortgage applications. fannie mae just released new guidelines, and we’re breaking them down for you here.