VA Loan in Scottsdale AZ

Hello Veterans,

Did you know that you can get a VA Loan in Scottsdale AZ?

Yes, it’s true! The reality is that many Veterans today call (or plan on calling) Scottsdale AZ home sometime soon. Having said that, they owe it to themselves to explore whether using their VA Home Loan might be an option either now or in the future. Now I know what your thinking… “How can the VA Loan in Scottsdale AZ be an option? Isn’t that loan for lower loan amounts.?

Since 2005 I have been fortunate enough to help Veterans and Active Duty Military purchase homes throughout the Valley of the Sun and seem to find one reoccurring theme with many of them. The theme you ask? Veterans not having all of the information they need as it relates to their VA Loan.

This holds especially true when Veterans are purchasing a home ,and never think to ask is the VA Loan is available in Scottsdale AZ. The VA Loan allows a Veteran to purchase a home in Scottsdale AZ up to $417,000 with no down payment and even go as high at 1.5 million with a limited down payment. Pretty cool right? So if you are are a Veteran and in the market to purchase a home in Scottsdale AZ and you haven’t thought about using your VA Loan, remember it’s an option.

With Scottsdale’s higher end priced homes and the VA Loans competitive rates, and low down payment requirements, Veterans can truly cash in on an opturnity that they have earned and deserve by serving our great country. For additional questions and answers regarding a VA Loan in Scottsdale AZ feel free to contact me at 480-351-5904 or email me at

Semper Fidelis,

Jimmy Vercellino



VA Loan After a Short Sale

Hi Everybody,

One of the most common questions that I get from Veterans who have experienced a short sale is the following…

How long do you have to wait to get a VA Loan After a Short Sale?

The truth is that often times Veterans are given information that may not be true as it relates to this specific topic. That said, the answer is simple…it depends.

Veterans applying for a VA Loan After a short sale will typically have to wait at least 1 year (in my experience) to get a VA Loan. That said, the VA does not have an actual written policy on short sales so it’s actually up to the lender to decide whether or not the Veteran is an acceptable credit risk.



Now in my experience Veterans are often told that they must wait 2 years in order to apply for a VA Loan after a short sale. Having said that, we have helped Veterans purchase a home in just as little as 1 year after the short sale. Now it’s important to understand that not all Veterans will qualify for a VA Loan just 1 year after a short sale. The Lender will need to determine the following before you are approved. Why did it happen? And why is it not going to happen again?

For more information about waiting periods for a VA Loan After a Short Sale feel free to roger up with me at 480-351-5904 or email me at

Semper Fidelis,

Jimmy Vercellino

VA Loan Limits in Arizona

What are VA Loan Limits in Arizona?


It’s more than you might think. VA Loan Limits in vary across the nation. However in all counties  in Arizona the VA Loan allows a Veteran to purchase a home up to $417,000 with no down payment. Pretty cool right? The reality is that the VA Loan has received a bad wrap in the past for being notorious for low loan amounts, and sub-prime loan. However, this of course is not the case. Simply stated, you can find an amazing home in Arizona for this kind of price.

Every year the Department of Veterans affairs gives updated numbers based upon specific counties across the United States. That said, for as long as I can remember VA Loan Limits in Arizona have stayed right at $417,000 and have not gone any lower. In fact, the VA Loan actually allows a Veteran to obtain a loan higher than the numbers listed below with a limited down payment.

Below is a list of counties and the max VA Loan Limits in Arizona.

County NameSingle Family Home
($0 down and up to)
Max Guaranty
LA PAZ$417,000.00$1,000,000
SANTA CRUZ$417,000.00$1,000,000

For more information about VA Loan Limits in Arizona feel free to roger up with me direct at 480-351-5904 or you can email me at

Lastly for a free VA Loan pre qualification click on apply link located in the top right corner and either myself or somebody from my team will contact in you in 24 hours or less.

Thank you and may God Bless you for your service to our great country.

Semper Fidelis,

Jimmy Vercellino


What is the MRP Certification?

I once heard a saying that forever changed my out look on serving.  Simply stated, “You can have anything you want in life if you are just willing to help enough other people get what they want.” – Zig Ziglar.

With that said, Im sure that you have helped several first time home buyers with the purchase of a new home, but i’d like to you ask you this… have you ever helped a first time homebuyer that has done three combat tours to Iraq or Afghanistan?  Or have you ever experienced the look of sincere gratefulness and appreciation from a soldier who has just been given the keys to his families new home?    Of course we all know how good it feels to help others, but I can assure you this… there is no greater feeling of pride, and honor that exists quite like this when selling a home to a veteran who has honorably served our country!

If you would like to serve our Nation’s Finest who have selflessly defended, and continue to defend our great nation, then the MRP Certification is for you. This course is designed to educate the real estate professional in the following three areas:  MRP focuses on The Military Market, the PCS Process (orders), and the VA Home Loan.

The reality is, is that there are certain things that you may have heard in the real estate community about the VA Loan process that are simply not true. These types of myths include some of the following… The VA Loan appraisal is terrible, the seller has to pay all of the fees, the underwriting process is too strict, it takes too long to close, and the loan is a sub prime loan. Myth’s such as these are completely untrue, and have had a detrimental impact on our nations heroes that have served and continue serving today.  The following MRP Certification course is designed to dispel such myths, and educate and equip agents with the tools that will allow them to serve more veteran clients,sell more homes, and at the same time advertise the exclusive MRP certification logo.

The Veteran and Active Duty community is certainly growing in size. With the conflict in Afghanistan winding down, and US military involvement in Iraq ended, I believe that we are going to continue to see more and more Service Members leaving the military, and transitioning into civilian life and the workforce. Last year alone, the VA marked its best year ever insuring nearly 630,000 loans; making 2013 a record year for the VA Home Loans. This makes it abundantly clear that the Veteran and Military home buyers are here to stay. Now is the time to make an investment in your business that will certainly be impactful, and advance your career for years to come!

In many cases, there are several Veterans that you may know right now that have no idea how their VA Loan benefits work, and that they can do all sorts of unique things with their benefits such as…have more than one at a time, and even use it for a VA Jumbo Loan.  Not anymore, after being MRP Certified you will be the VA Real Estate expert serving the active duty military and veterans in your community.

Jimmy Vercellino is a Marine Corps Veteran of Operation Iraqi Freedom and Mortgage Banker Specializing in VA Loans with First Choice Loan Services Inc. and licensed instructor with ADRE and instructor for NAR’s MRP Certification.

For class times, and dates, email Jimmy at

VA Loan Credit Score Requirements

Credit Scores for VA LoansWhat are the VA Loan credit score requirements?

Oftentimes Veterans are told they don’t qualify for their VA Loan when they still may be actually able to get one elsewhere.

The reason behind this is that different lenders have different credit score requirements.

For example First Choice Loan Services (the company that I work for) requires that the Veteran have a minimum credit score of just 600 in order to be able to obtain a VA Home Loan. While I am familiar with other institutions whose VA Loan Credit Score Requirements are a 620.

So again, just because you may have been told that you don’t qualify for your VA Loan does not mean that you are not be able to seek financing elsewhere, which is exactly why I am here to serve you.

Video About VA Loan Credit Score Requirements

If you have questions about your VA Loan and the specifics of the credit score requirements I would be honored to serve you! My name is Jimmy Vercellino and I am a United States Marine Corps Veteran Specializing in VA Loans.

Feel free to roger up with my by emailing me at

Thank you and may God bless you for your service to our great country!

Semper Fidelis,
Jimmy Vercellino

The 2 Forms Needed on the VA Home Loan

The VA Home Loan requires 2 forms. The DD-214 and the VA Certificate of eligibility. Simple enough right? Wrong. These 2 forms have caused much confusion for Veterans when applying for the VA Home Loan. First we will take a look at the DD-214 which we all know as our discharge paperwork. The reason why the DD-214 is so important on the VA Home Loan is because it tells the lender what type of discharge you had from the military which will determine if you are eligible for your VA Home Loan Benefits. As many Veterans know this form is incredibly important for more reasons than just using your VA Home Loan. So if for some reason you have misplaced, or lost it, thats okay. This form can be ordered from the Veterans Archives Website at Now please understand that you MUST have this form prior to applying for your VA Home Loan. I say this because if for some reason it’s lost or misplaced it can delay your home buying experience causing stress for you and everybody involved on the transaction.

The VA Certificate of Eligibility causes much confusion for Veterans when attempting to use their VA Home Loan benefits. Furthermore this form is designed to tell both lender and the Veteran that the Veteran has sufficient entitlement/guarantee to use the VA Home Loan. Veterans please understand that just because we may have a VA COE does not mean that we automatically qualify for the VA Home Loan. A Veteran can have a VA COE and be eligible for the VA Home Loan and still not have the minimum credit score that the lender requires which is 600. To apply for your Certificate of Eligibility you may do so by contacting me directly at

Semper Fidelis,
Jimmy Vercellino

AZ VA Loan Specialist

When purchasing a home and using your VA Loan it’s critical that you work with a VA Loan Specialist. Simply stated VA Loans are very unique, and if you are not working with the right Mortgage Originator it could cost you time and money, and quite possibly the home under contract. A VA Loan Specialist is able to help you navigate through the complex VA Home Loan process and help you avoid potential pitfalls and hazards that lurk within the unique VA Loan guidelines. For example often times Loan Officers forget to ask questions like: Do you pay child care? Do you have any Dependents? Have you ever used your VA Loan before? A VA Home Loan Specialist understands that questions like these can literally be the difference between moving into your home or quite possibly not being qualified at all. For the past 7 years I have devoted myself to the Veteran and Active Duty Military Homebuyer and their families while specializing in the VA Loan Process. Furthermore veterans are often told things by Lenders and people within the Real Estate Community that simply aren’t true. For reasons like this, along with many others, I continue to stress that it is critical for the Veteran and Active Duty MIlitary home buyer to speak with somebody that can relate, understand the process, and most importantly a VA Home Loan Specialist that will get their VA Home Loan closed.

If you are in the market to purchase a home and would like to speak to a VA Home Loan Specialist roger up with me, I speak your language and I know what it means to serve.

If you would like to submit an application you may do so by clicking on the link below and and either myself or another VA Home Loan Specialist from my team will follow up with you between 12-24 hours.

Thank you and may God bless you for your service to our great country.

Semper Fidelis,

Jimmy Vercellino, NMLS 184169
VA Loan Specialist

PCS Orders to Luke AFB

For Active Duty Military PCS orders are a part of life. Once PCS Orders to Luke AFB are received Airmen and their families are faced with many difficult decisions. With so many moving parts it often times can be a tough choice when deciding if it’s better to live on base, rent, or buy a home in the civilian sector. If you have received PCS Orders to Luke AFB you may be asking those questions right now. That said understand that you have choices. The Luke AFB community offers many great options for Airmen and their families when moving to Arizona. If you have given any thought about purchasing a home but are intimidated by the process please understand that it is not as hard as many say it is.

First off understand that living on base while it may be convenient can have a waiting list and leave you with no decision other than to move out into the civilian sector. Secondly, a question that you need to ask yourself if this. How long will you be stationed at Luke AFB? If you will be stationed at Luke AFB for more than 2 years (and in some cases shorter) it may make sense for you to purchase a home. As you are aware if you live on base Uncle Sam pockets your full BAH where as if you rent or own in the civilian sector you get to keep the difference between your rent or mortgage payment.

Lastly, if you are debating between renting and purchasing understand that often times you can own a home for just as much, if not less, than what you could rent a home for in the Luke AFB area. Furthermore receiving PCS Orders to LUke AFB as an Active Duty Military Service Member you are entitled to home purchasing benefits that civilians could only dream of. With the VA Home Loan an Active Duty Service Member may be able to purchase a home with no down payment and limited closing cost. In some cases I have personally assisted Airmen with purchasing a home and literally not paying $1.00 out of pocket to do so.

So if you have received PCS Orders to Luke AFB then and you are interested in purchasing a home and would like to find out how much you qualify for we would love the opportunity to give you a free pre-qualification and discuss your budget with you to see if purchasing a home is right for you and your family.

To apply for you VA Home Loan and see how much you simply click on the link below and apply and somebody from our team will follow up with you in less than 24 hours.

VA Loan Foreclosure Rules

Dependent upon who you talk to and on which day VA Loan Foreclosure rules may change and vary. However, one thing is absolutely certain. VA Loan Foreclosure rules require that a Veteran or Active Duty Service Member must usually wait a minimum of 2 years before they can purchase a home again. Having said that it’s important to understand that the VA Loan Foreclosure Rules are probably the most lenient in the industry. I took some time to put together the video below that reviews the VA Loan Foreclosure Rules and even goes into detail regarding VA Loan and Short Sales, Foreclosures, and Bankruptcy’s.


When I think about how many Veterans that are out there that may have foreclosed on a VA Loan in the past I am sure they are probably thinking…”Gosh VA will never lend me any money again.” However, please understand that all is not lost. The fact is that there are a lot of Veterans out there that may have foreclosed on a VA Loan that have no idea that they could use their VA Loan benefits tomorrow. Here’s how it works.

First off, VA Loans require that the Veteran must wait the minimum 2 year waiting period when seeking new VA financing. Secondly, once the Veteran has waited the required time period he may obtain a new certificate of eligibly that will show us (the lender) how much of your VA Loan entitlement you have remaining. Once we determine the amount of entitlement you have left we will then calculate your new maximum VA Home Loan loan amount that that may be eligible for. From there it’s off and running and time to put your VA Loan to work.

What is the VA Funding Fee?

Any Veteran that ever uses a VA Home Loan will pay a VA Funding Fee. There are exceptions to this which we will cover shortly.

Simply stated, the VA Funding Fee is fee required to reduce the loan’s cost to taxpayers by making Veterans contribute towards the cost of using the his or her VA Home Loan benefit.

Typically the VA Loan Funding Fee is paid one of 3 ways…

  1. Financed into the loan
  2. Paid for out of pocket
  3. Paid by the seller

In my experience most Veterans have opted to finance the fee into their loan amount so they can avoid paying it out of pocket.

How Much is the VA Funding Fee?

VA Funding Fee

Let’s talk about how much this fee will cost you, the Veteran. For a first time user the VA Funding fee is typically 2.15% of the loan amount.

However, for a first time user that happens to be a Reservist or National Guard, the fee goes up slightly, to 2.4%.

Anybody that has used a VA Home Loan more than once is considered a subsequent user and is subjected to a higher fee. For these Veterans using a VA Home Loan for a second time or more are required to pay a 3.3% fee.

How to Reduce the VA Funding Fee

There are ways to reduce the VA Funding Fee or possibly not pay it at all.

To reduce the fee the Veteran has the option of putting anywhere from a 5%-10% down towards the purchase of their home.

  • With as little as 5% down, the fee will be reduced to 1.5%.
  • With 10% down the fee will be reduced to 1.25%.

As you can see the VA encourages Veterans to put money down towards the purchase of their home if they are able.

VA Funding Fee Waived for Disabled Veterans

For Disabled Veterans, meaning you are have a service connected disability from the VA, and are as little as 10% rated, your fee is waived.

Needless to say if you are a Veteran and have this benefit, it can literally save the you tens of thousands of dollars over the life of the loan.

Keep in mind you must prove this to your lender in order for it to be waived. To do so, simply provide a copy of your VA service connected disability paperwork to the company originating your VA Home Loan to get the fee waived.

Fore more information about the VA Funding Fee and your VA Home Loan please click on the link below and fill out an application and we can follow up with you shortly thereafter.

Semper Fidelis,
Jimmy Vercellino