If you’re an active-duty service member or a veteran looking to use your hard-earned VA home loan benefit, you’ll likely encounter something called a statement of service for VA loan applications. This crucial document might seem like just another piece of paperwork, but it’s pretty much your ticket to homeownership through the VA loan program.… Continue reading Veteran’s Roadmap: Understanding VA Loan Statement Of Service
Category: Real Estate
A Practical Handbook For A Seamless Refinance To A VA Loan
Veterans contribute significantly to the economy. Because of this, many financial solutions are designed to meet their specific demands. One such product is the VA loan. There has been consistent demand for these loans throughout the past few years. Veterans of all ages can benefit greatly from VA loans after they meet the eligibility requirements.… Continue reading A Practical Handbook For A Seamless Refinance To A VA Loan
VA Loans Benefits and Requirements for Surviving Spouses
The VA home loan program is most closely associated with military members and veterans who have served their country. It allows borrowers to buy a house with no down payment and without paying mortgage insurance, removing one of the biggest hurdles to homeownership. But what many people don’t know is that certain surviving spouses of… Continue reading VA Loans Benefits and Requirements for Surviving Spouses
VA Loan Glossary: Important Terms Home Buyers Should Know
When you apply for a VA home loan for the first time, you will encounter a lot of mortgage terminology and “jargon” you’ve never seen before. With terms like COE, funding fee, and amortization, the mortgage industry has its unique language. However, it’s essential to understand VA loan terminology because it relates to your ability… Continue reading VA Loan Glossary: Important Terms Home Buyers Should Know
When Do I Find Out My Actual Closing Costs With A VA Loan?
Regarding VA home loans, the closing process generates more questions and confusion than any other part. And that’s understandable since there are so many moving pieces involved in a typical loan closing. Today, we will address one of the most common questions related to VA loan closing. Many borrowers want to know can closing costs… Continue reading When Do I Find Out My Actual Closing Costs With A VA Loan?
5 Reasons Why VA Loans Get Denied and How to Avoid It
The VA home loan program has one of the most forgiving and flexible qualification criteria of any mortgage program available today. However, not all borrowers who apply for the program get approved. A small percentage of applicants are denied VA loans for several reasons. Therefore, we will explore some common factors that lead to VA… Continue reading 5 Reasons Why VA Loans Get Denied and How to Avoid It
Asking the Seller to Pay Your VA Loan Closing Costs
When you buy a home using a VA loan or refinance to a VA loan, you have the opportunity to avoid making a down payment. That’s one of the unique features of this program. It allows military members and veterans to finance the full purchase price. Nevertheless, VA loan home buyers still encounter closing costs… Continue reading Asking the Seller to Pay Your VA Loan Closing Costs
How Earnest Money Deposits Work With a VA Loan
When you use a VA loan to buy a house, you have the option to make an earnest money deposit when submitting your offer to the seller. Emphasis on the word “option.” Earnest money deposits are entirely optional when using a VA loan. The Department of Veterans Affairs does not require earnest money for VA-backed… Continue reading How Earnest Money Deposits Work With a VA Loan
Debunked: 8 VA Loan Myths, Misconceptions and Misunderstandings
When purchasing a property, the Veterans Administration loan program is a valuable resource for veterans and active-duty military personnel in the United States. VA loans are an excellent way for service veterans to become homeowners since they have lower interest rates than standard mortgages and don’t demand a down payment. Yet, there are still a… Continue reading Debunked: 8 VA Loan Myths, Misconceptions and Misunderstandings
6 Ways to Prepare for Closing When Using a VA Loan
For some home buyers who use VA loans, the closing process can seem like a mystery at first glance. This is especially true for first-time buyers who have never experienced the closing process. However, while the VA loan closing process involves a lot of necessary paperwork, it’s not that complicated. Once you finish reading this… Continue reading 6 Ways to Prepare for Closing When Using a VA Loan