Military members and veterans researching the VA loan program tend to have many specific questions about how it works. And we’ve covered dozens of those questions right here on our blog. Today, we will compile some of the VA home loan FAQ to give you a well-rounded understanding of what it involves. What Is a… Continue reading Answered: The Top 10 Questions About the VA Loan Program
Author: Marcus Marion, CMA™
VA Loan Preparation Guide: 7 Things to Do Before You Apply
Home buyers who use VA loans often consider the application and pre-approval as the first steps in the mortgage process. But in reality, the journey should start before all of that. Before you even apply for a VA loan, there are specific preliminary steps you can take to maximize your chance for home-buying success. Here… Continue reading VA Loan Preparation Guide: 7 Things to Do Before You Apply
Benefits of Making a VA Loan Down Payment (Even When It’s Optional)
One of the most attractive features of VA loans is the ability to purchase a home with zero down payment. This benefit has helped countless veterans and service members achieve homeownership without waiting years to save up. However, while a down payment VA loan isn’t required, there are compelling reasons why putting money down on… Continue reading Benefits of Making a VA Loan Down Payment (Even When It’s Optional)
Can I Buy a House While Serving on Active Duty?
Many active-duty military members find themselves in a position where they can afford to buy a home for the first time in their lives. That’s because military service offers a steady paycheck and often an additional housing allowance as well. But some active-duty military members may have questions about their ability to purchase a home… Continue reading Can I Buy a House While Serving on Active Duty?
What Information Is Needed for a VA Loan?
The VA loan process involves a two-way flow of information. As a borrower, you need to gather enough information about the program to understand how it works, what it requires, and how it might benefit you. You’ll also have to deliver much information to your lender during the application and underwriting stage. This guide explains… Continue reading What Information Is Needed for a VA Loan?
Benefits of Refinancing From a Conventional to a VA Loan
Homeowners with an existing VA loan can enjoy a “streamlined” refinance with minimal paperwork and no home appraisal. That’s one of the many benefits the VA home loan program offers to military members and veterans. But here’s something a lot of homeowners don’t realize. Even if you have a conventional mortgage loan on your current… Continue reading Benefits of Refinancing From a Conventional to a VA Loan
How Much Does a VA Loan Home Appraisal Cost, and Who Pays for It?
If you use a VA loan to buy a house, the home must be appraised to determine its market value and overall condition. The typical cost of a VA appraisal can differ depending on your location and the size of the home. Generally, a property appraisal associated with a VA loan can cost anywhere from… Continue reading How Much Does a VA Loan Home Appraisal Cost, and Who Pays for It?
7 Potentially Costly VA Loan Mistakes, and How to Avoid Them
Sometimes, you must identify the wrong way to pursue the right path. This is true for mortgage financing as well. The best way to avoid mistakes during the mortgage and home-buying process is to recognize them beforehand. The VA loan program presents an exceptionally beneficial chance for several veterans and active-duty service members to fulfill… Continue reading 7 Potentially Costly VA Loan Mistakes, and How to Avoid Them
How to Avoid Mortgage Insurance By Using a VA Loan
Home buyers who use a VA loan to buy a house enjoy many VA home loan benefits, including the ability to finance the total purchase price. That’s why hundreds of thousands of military members and veterans use VA loans every year. But there’s another significant benefit that many eligible borrowers don’t even know about. The… Continue reading How to Avoid Mortgage Insurance By Using a VA Loan
Types of Properties You Can and Cannot Buy With a VA Loan
The VA loan program offers a number of benefits to veterans, active-duty service members, and their families. It provides 100% financing for a home purchase, competitive interest rates, and flexible qualification criteria. While VA loans offer a lot of flexibility, there are some restrictions on the types of properties eligible for financing. In this guide,… Continue reading Types of Properties You Can and Cannot Buy With a VA Loan