Secrets Of VA Loans
Loan Officer Freedom
Carl White
5 • 743 Ratings
🗓️ 17 February 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.
In this episode, your host, Carl White sits down with VA loan expert Mr. Michael Fischer to dive deep into the world of VA loans and debunk some common misconceptions.
Michael highlighted the phrase "don't FHA my VA," which refers to the tendency of some loan officers to apply FHA guidelines to VA loans unnecessarily, potentially hindering veterans' access to homeownership.
He explained that VA loans allow veterans to convert their primary residence into a rental without needing extensive documentation, have no flip rule, and do not require a minimum distance for relocation.
He also noted that anyone can gift funds for a VA loan without stringent sourcing requirements, and there are no age restrictions on the roof's life.
Whether you're a seasoned professional or new to the industry, this episode will equip you with the knowledge to stand out in the market.
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Transcript
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| 0:00.0 | Mr. Michael Fisher himself. |
| 0:11.0 | So I had to bribe your, I had to bribe your events coordinator to work me into your schedule. |
| 0:19.0 | You're busy guy these days man |
| 0:30.1 | offense coordinator it's actually just my ultra ego is that what it was yeah hey so what i what i thought we'd talk about is so i think everybody knows who you are you're you're like the |
| 0:34.5 | VA uh VA loans not VA as in virtual assistant but VA loans uh you're you're like the VA VA loans not VA as in virtual assistant but VA |
| 0:40.1 | loans you're kind of the industry guru these days that you've got a large |
| 0:45.6 | following you got Facebook groups you got trainings that you do for loan |
| 0:49.9 | officers for VA and we had you on the breakfast club the other day. |
| 0:55.1 | And you said this thing that I just love, |
| 0:56.8 | and you gave us a little cheat sheet. |
| 0:58.1 | I thought would kind of do a deep dive |
| 1:00.0 | into some of that stuff now. |
| 1:01.8 | So you're on the right episode. |
| 1:03.5 | If you want to learn some things about VA loans |
| 1:07.6 | that will likely help you close a few more deals or or be able to give some good |
| 1:13.9 | information certainly have the opportunity to close more deals but you said this |
| 1:17.5 | thing don't FHA my VA just just before we go into the I want to go line by |
| 1:24.6 | line on this thing but what does what does mean? Don't FHA my VA. |
| 1:29.4 | Well, it's something that came out of the community of loan officers that we work with and train. |
| 1:34.9 | And we kept coming back to the same concept that VA itself can be a little bit vague in their guidelines, |
| 1:44.0 | which I think is a good thing. |
| 1:45.4 | It gives the companies a chance to help the vets. |
... |
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