The Department of Veterans Affairs has specific rules for occupancy when a VA loan is used to buy a house. Many of these VA minimum property requirements can be found in VA pamphlet 26-7, the official lender’s handbook issued by the Department of Veterans Affairs. But that “pamphlet” is hundreds of pages long, and you… Continue reading Occupancy Rules For Homes Purchased With A VA Loan
Category: Real Estate
Should You Buy A Home While Still Serving In The Military?
At some point during their careers, many military members wonder if it makes sense to buy a home while they are still serving. After all, military life is known for its frequent moves and relocation transfers. This begs the question: Does it make sense to buy a home while in the military? If you’re in… Continue reading Should You Buy A Home While Still Serving In The Military?
What To Know About VA Loan Monthly Mortgage Payments
The mortgage payment is one of the most important aspects of a VA home loan. After all, it affects everything from your monthly budget to your overall quality of life. This guide will teach you everything you need to know about the monthly mortgage payments associated with a VA loan, including the four primary components. … Continue reading What To Know About VA Loan Monthly Mortgage Payments
Title Insurance for VA Loans: What Borrowers Need to Know
When using a VA loan to buy a house, you will likely encounter the term “title insurance” at some stage. Title insurance is a central component of the mortgage process for VA and FHA loans. But what is title insurance exactly? Is it required for all VA loans? And what kind of protection does it… Continue reading Title Insurance for VA Loans: What Borrowers Need to Know
How Credit Scores Shape VA Loan Options?
The credit score is one of the top factors many lenders consider before approving you for a loan. A good credit score speaks to your ability to repay the requested funds. It also increases your eligibility for a bigger loan amount and at a lower interest rate. A bad credit score has the opposite impression.… Continue reading How Credit Scores Shape VA Loan Options?
How Veterans Can Utilize VA Loans For Investment Property Ventures
When buying multiunit or multi-family properties, veterans and service members usually view them as investment opportunities. Having renters chip in toward the mortgage is an attractive option for many people. Besides, many buyers find purchasing an investment property with the proceeds from your VA home loan appealing. But before you dive in, you should know… Continue reading How Veterans Can Utilize VA Loans For Investment Property Ventures
Why San Antonio, Texas Is The VA Loan Capital Of The U.S.
By some metrics, the San Antonio metro area could be considered the VA loan capital of the United States. Last year, more VA loans were generated in Bexar County, Texas (in the San Antonio metro area) than in any other county in the U.S. Read on to discover why VA loans are so popular among… Continue reading Why San Antonio, Texas Is The VA Loan Capital Of The U.S.
Veterans Business Loans: Essential Pre-Application Insights
It’s well-documented that post-military life can be challenging and intimidating for most veterans. Some have compared the experience to relocating to a foreign country, which requires learning new customs and navigating rules entirely new for you. Most of these rules apply primarily to your finances. Fortunately, you don’t have to struggle as a veteran to… Continue reading Veterans Business Loans: Essential Pre-Application Insights
The VA Advantage: Securing Your Second Home with A VA Loan
The introduction of VA loans came as a welcome relief for veterans and active duty service members (as well as their spouses) seeking mortgage financing. These credit facilities are especially popular among first-time homeowners. All they need to do is fulfill the eligibility criteria for a VA construction loan and kick-start the process of buying… Continue reading The VA Advantage: Securing Your Second Home with A VA Loan
Do VA Loans Have Lower Rates Than Conventional, On Average?
In the battle between VA loan vs conventional loan do VA loans have lower mortgage rates than traditional loans, on average? It’s one of the top questions among military members and veterans exploring their VA home loan vs conventional loan options. And rightfully so. Your mortgage rate affects the size of your monthly payment and… Continue reading Do VA Loans Have Lower Rates Than Conventional, On Average?