The Federal Tax Credits Blog

Posts Tagged ‘hope tax credit eligibility’

Question: Va Home Loan Question?

My Father just received his Certificate of Eligibility for a VA home loan. Does this guarantee him the loan? What are the next steps? Also, his credit is below average, can he use me as a cosignee if I have an above average credit score? We’re hoping to get our first house this year and take advantage of the new home Buyers Tax Credit.

Answer: No, the bank makes the loan. VA makes it possible that you don’t need a down payment (or very little) and possibly the seller can pay closing costs if written as part of the bid. There is also the VA funding fee (which can be financed)- your father will be exempt if he is receiving compensation for a service connected disability.

http://www.homeloans.va.gov/lgyfaq.htm

These FAQ’s should help.

I’m not sure about cosigning, but the loan can be put into both your names.

Few teams for home-schooled athletes

COLUMBIA — Only 15 years old, Hannah McGennis tightly clutched the MVP trophy awarded to her for exceptional play. Hannah and her team, the Central Missouri Saints, were national champions after defeating the Thesa Riders of Fort Worth, Texas, on March 20 in the girls 16-and-under National Christian Homeschool Basketball Championships title game. “Our team enjoyed it because we’re the little …

Who our tax dollars went to and WHY! – The Crisis of Credit Visualized Part 1