Separating from the military is a monumental time for any veteran. They’ve spent the past several years or decades of their life making great sacrifices and putting their desires and dreams behind the needs of their country. Some veterans leave the military through retirement after many years of service, some leave…
There are many loan options for military families when it comes to buying a house. VA Home Loans have made homeownership an affordable opportunity for active duty military members. However, many people question whether or not they should buy a house given their unique circumstances. Let’s analyze whether or not active…
VA loans have become increasingly popular since the economic recession of 2008. Historically low rates coupled with no down payment make VA loans attainable and desirable to many veterans. Getting a VA loan is not a possibility for everyone and it does have unique guidelines. Here are 5 things you need…
Owning a home is a quintessential part of the American Dream. The VA Home Loan program makes it possible for military families to realize that dream. Military families move frequently so purchasing a home can make them feel more secure and grounded in one area. However, because they move so much…
Although your dependents may not be listed as borrowers on your loan application, they still have an impact on your loan approval. The Department of Veterans Affairs has unique approval guidelines regarding the dependents of borrowers on a VA loan. Here are 5 ways that Dependents Affect Your VA Loan: Daycare…
VA home loans are most often used to purchase a single family home. However, families are increasingly deciding to purchase different types of properties such as condos, town homes and even homes with a lot of acreage. The Department of Veteran’s Affairs and the US Department of Housing and Urban Development…
What are the benefits of using a VA home loan to purchase or refinance a home? VA home loans are very attractive for many reasons. They can be used to both buy homes and refinance them. They are guaranteed by the US government, and are one of the best VA benefits…
When it comes to finding the funds for your home, if you’re a military borrower, a VA Adjustable Rate Mortgage (ARM) may be an optimal option—especially if you’re still active in the Armed Forces. Part of the distinction between a good rate and a not-so-prime rate is when you’re looking. First…
Home appraisals are a critical component of any home-buying process, often being absolutely required to meet the lender’s standards and approval. A VA appraisal is specific to those military loans, ensuring that the property in question meets the VA’s Minimum Property Requirements while establishing the home’s monetary value. This is different…
Are you getting ready to apply for a VA loan and use the benefits of your military service or veteran status to secure a property all your own? First of all, congratulations! Second, there are several major steps you should take to prepare for the VA loan qualification and application process….
