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Mortgage Matters

Host: Typin’ Todd, an NBKC mortgage executive
Welcome to Mortgage Matters, National Bank Of Kansas City’s blog on the different types of mortgages, real estate market, and other financial matters. Give us your feedback and ask Todd questions.

National Bank Of Kansas City offers many benefits to VA borrowers

Posted: Tuesday, December 30, 2008
In a time when more and more Americans are struggling to obtain a home loan, a VA loan offers United States veterans and service members an option with benefits unlike any other; surprisingly, few service members are aware they are entitled to those benefits.

A borrower using VA eligibility can get 100% financing on a home without having to pay for private mortgage insurance. This benefit is only available to those with VA status.

Because a VA home loan is guaranteed by the United States Department of Veterans Affairs, the borrower does not need to put any money down. A VA loan allows the sellers to pay closing costs, has looser credit and income standards, and is easier to qualify for than a conventional loan.

National Bank Of Kansas City has something many local banks and lenders may not -- expertise in VA home loans. Too many veterans and service members are unaware of their entitlement to a VA home loan, and National Bank Of Kansas City is working hard to make sure that is no longer the case.

A VA home loan from National Bank Of Kansas City is a smart choice because:

• We are extremely experienced in all aspects of VA lending, more then 25% of our mortgage loans are VA loans.
• We do not charge any lender, origination, underwriting or processing fees.
• We do not charge points.
• You can finance 100% of the sale price of your home without paying for private mortgage insurance.
• Our rates are extremely competitive.
• We have access to the VA portal so we can assist you in obtaining a Certificate of Eligibility.
• We have VA certified underwriters on staff, allowing your loan to be approved in days, not weeks or months.
• We are an FDIC insured full-service national bank that's been assisting homeowners with financing their primary residence, second home or investment property for more than 20 years.

Learn more about National Bank Of Kansas City.

If you would like more information about a National Bank Of Kansas City loan, please call us at 1-800-375-8096.

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RE: National Bank Of Kansas City offers many benefits to VA borrowers
Our VA loans are not always sent to underwriting before an appraisal is requested. An appraisal may be requested prior to submitting to underwriting or at the same time it is submitted to underwriting.

-Typin’ Todd | (5/6/2009 8:22:00 AM)
RE: National Bank Of Kansas City offers many benefits to VA borrowers

Are the VA Loan usually sent to your in-house underwriters before the appraisals are requested?



-Anonymous | (5/6/2009 8:20:00 AM)
RE: National Bank Of Kansas City offers many benefits to VA borrowers
Yes. All of our loans are underwritten using DU (desk top underwriting) and/or LP( loan prospector). If the borrower obtains an automated approval then final approval is performed by one of our in-house VA approved underwriters. Of course all appraisals are not underwritten in an automated fashion. Appraisals are underwritten solely by one of our VA approved in-house underwriters.

-Typin’ Todd | (12/30/2008 8:53:00 AM)
RE: National Bank Of Kansas City offers many benefits to VA borrowers
Are your VA Loans written using an Automated Underwriting System?

-Anonymous | (12/30/2008 8:51:00 AM)

What do you think?