Ron Denbow - Blog

NE Ohio Real Estate, LLC is Verified by the Center for Veterans Enterprise (CVE)

ron.denbow@cbhunter.com — Mon, 24 May 2010 13:28:46 GMT

NE Ohio Real Estate, LLC has been officially verified as a Service-Disabled Veteran-Owned Small Business (SDVOSB) by the U.S. Department of Veterans Affairs (VA), the Center for Veterans Enterprise (CVE) in Washington DC, as outlined in a letter written to the company by Scott Denniston, Director. The company has been added to the verified veteran business database at www.VetBiz.gov and is now eligible to participate in the "Veterans First Contracting Program" with VA.

According to Mr. Denniston, NE Ohio Real Estate, LLC is now a founding member of this historic moment in the history of veterans' small business ownership. The goal of the CVE is to establish a strong veterans' movement by branding the company's status as a verified service-disabled veteran-owned small business, helping to better position the company for set-aside projects and non-competitive contracting opportunities under Public Law 109-461 that provides the Department of Veterans Affairs with unique buying authority.

The benefits of the Veterans First Contracting Program are as follows: 1) Redefines priorities for contracting preferences within VA, placing SDVOSB's and VOSB's first and second respectively, in satisfying VA's acquisition requirements. 2) Allows sole source contracts over the Simplified Acquisition Threshold up to $5M (including options). 3) Implements restricted competition via Set-Aside Procedures for each category of SDVOSB's and VOSB's. 4) Allows additonal credit evaluation factors for SDVOSB's and VOSB's status. 5) Authorizes large VA prime contractors to obtain subcontracting credit for SDVOSB's and VOSB's only when they contract with verified firms in VIP.

NE Ohio Real Estate, LLC is owned and operated by Ron and Linda Denbow, Medina, OH. They are an authorized, independent dealer for Barden Building Systems and have teaming arrangements that enable them to provide pre-engineered steel building design-build-sales-distribution services and other civil engineering construction services. Ron and Linda are licensed Realtors with Coldwell Banker Hunter Realty in Ohio. Ron is a US Army Veteran of the Vietnam War. For additional information, please view the company's website: http://www.neohiorealestate.biz

"Thank you for your service to our country and continuing to serve America through small business ownership. It is our honor to support 'Veterans in Business - Still Serving America!' - Scott F. Denniston, Director"

Veterans Mortgages - Determining VA Loan Eligibility

ron.denbow@cbhunter.com — Tue, 02 Mar 2010 06:45:13 GMT

VA loan eligibility guidelines are determined by the U.S. Department of Veterans Affairs. A Certificate of Eligibility shows the amount of entitlement. Those interested in VA home loan benefits may find it helpful to speak with a VA loan professional to understand their own eligibility and entitlement.

...the VA determines eligibility on a case-by-case basis...

In order to be considered for the VA home loan program, a borrower must meet military service requirements. The eligibility requirements vary depending on when the military service was completed, but can be summarized as follows:

90 days of active duty during wartime
181 days of continuous active duty during peacetime
6 years of service for Reservist/National Guard

For applications involving military discharges that are other than honorable, the VA determines eligibility on a case-by-case basis.

A potential VA borrower must obtain a Certificate of Eligibility (COE) before applying for a veterans’ mortgage. The Certificate shows the lender how much entitlement a borrower has available.

Borrowers who are eligible for a VA loan can enjoy:

No down payment (100% financing)
No private mortgage insurance (PMI)
Relaxed qualifying standards
Competitive interest rates
No penalties for mortgage pre-payment
Cash-out and debt consolidation
Streamline rate reduction

Ultimately, the VA determines whether a person is eligible for VA home loan benefits. For more information on your own eligibility, you can contact the U.S. Department of Veterans Affairs, or speak with a VA loan professional.

Online Help for Wounded Warriors

ron.denbow@cbhunter.com — Sat, 27 Feb 2010 07:18:50 GMT

Three Federal Departments Collaborate on National Resource Directory

WASHINGTON (Feb. 25, 2010) - The federal departments of Veterans
Affairs, Labor and Defense unveiled today an improved Web site for
wounded warriors.

"VA is committed to tapping into the full powers of the Internet to
provide accurate, timely, easy to find and easy to understand
information that improves the lives of Veterans, service members, their
families and all who care for them," said Secretary of Veterans Affairs
Eric K. Shinseki.

The National Resource Directory is a comprehensive, free, online tool
for wounded, ill and injured service members, Veterans and their
families. Visitors to the site can find an extensive range of
information about Veterans' benefits, including disability and pension
benefits, VA health care and educational opportunities. The site also
provides information for those who care for Veterans, such as access to
emotional, financial and community assistance.

The Web site has been enhanced to provide a single point of access to a
wealth of information from more than 10,000 sites by federal, state and
local governments and organizations offering services for wounded
warriors.

"This online directory is an invaluable resource for those involved in
helping service members and Veterans," Shinseki said. "Reliable
information about government and private-sector programs can be a
priceless tool."

A recent addition to the Web site is a specialized section where users
can find help for homeless Veterans. These resources will help end
Veteran homelessness over the next five years.

The new design will help visitors find needed resources easily. Other
enhancements include a fast, accurate search engine; a "bookmark and
share" capability that allows users to share valuable resources on
Facebook, Twitter and other social media sites; and a news feature with
updates on relevant information and events. Resources are added daily.

Visit the site at: www.nationalresourcedirectory.gov

VA Home Loans - An Overview

ron.denbow@cbhunter.com — Sat, 19 Dec 2009 04:39:35 GMT

For veterans and active duty military personnel, a VA loan can be the most flexible home financing option available. Zero down payments, no private mortgage insurance, relaxed qualifying standards, and low interest rates are some of the benefits enjoyed by VA mortgage holders.

...A VA loan is made by a VA-approved mortgage lender with a portion backed by the good faith and credit of the U.S. Government...

The VA Loan Guaranty Program began in 1944 in order to give soldiers returning from war the same opportunities to own homes as their civilian counterparts. Today, the general purpose of VA home loans is to provide veterans with secure home financing in appreciation for their service to America. The program is administered by the Veterans Benefits Administration, an organizational element of the U.S. Department of Veterans Affairs.

A VA loan is made by a VA-approved mortgage lender with a portion backed by the good faith and credit of the U.S. Government. The benefits of the VA loan program create one of the safest and most secure home financing options for VA-eligible borrowers.

Although there are over 23 million people eligible for VA home loan benefits, less than 10 percent have a VA mortgage. Typically those with two years of active duty in branches of Army, Navy, Air Force, Marines and Coast Guard are eligible for the VA Home Loan Guaranty Program. Some surviving spouses and Reservists/National Guard members also qualify.

A Certificate of Eligibility (COE) is needed before anyone can apply for a VA loan. A COE tells lenders how much entitlement a borrower has. Most COEs can be obtained by an approved VA lender on behalf of a borrower using a system called ACE.

Borrowers can expect to find the following benefits associated with VA loans:

No down payment (100% financing)
No private mortgage insurance (PMI)
Relaxed qualifying standards
Competitive interest rates
No penalties for mortgage pre-payment
Cash-out and debt consolidation
Streamline rate reduction

Generally, full entitlement is for a loan of $417,000. Income and credit qualifying is required before a loan of any amount is made. The VA guidelines for income and credit qualifying are more relaxed than that of many conventional loan programs.