Three little “S” words: They can make or break a VA appraisal. If you’re familiar with the three “S’s” of the VA appraisal, you’re on track for a successful VA purchase. The VA appraisal ensures each home purchased with a VA loan is: Safe Sound Sanitary VA appraisers conduct a thorough review of each home [...]
It’s an extremely common question across Veterans United Network: “How long will it take to buy a home with a VA loan?” And it’s a tough one to answer. Buying a home is a multi-step process, and hiccups can occur at any stage of that process. But with good preparation and the right approach, VA [...]
CREDIT. Encompassing FICO scores, income, debt and employment, credit plays a huge role in the VA loan process. Fortunately for veterans and active-duty service members, VA loans feature relaxed credit requirements when compared to conventional loan programs. Wondering what lenders will expect from a VA loan applicant? Take a look at these four questions that [...]
A mortgage involves a mutual agreement between a lender and a borrower. The lender agrees to loan money for a home purchase, and the borrower agrees to pay it back. But before a lender doles out funds, the borrower has to establish their ability to repay the loan. How? Through income assessment. By looking at [...]
The VA recently published the agency’s home loan limits for 2013. The VA loan limit remains at $417,000 for nearly all counties in the country. But those purchasing in one of the VA’s 134 high-cost counties in 2013 may need to modify their budgets. Although most of the 2013 loan limit changes are moderate in [...]
Yes, there is a VA loan limit. But there isn’t a maximum VA loan amount. Bewildered? Join the ranks of service members and real estate agents who are baffled by the mysteries of “VA loan limits.” Let’s wade through the confusion with a clear and simple explanation.
A buyer’s first mortgage involves a lot of big decisions. When sorting through VA, FHA, USDA and conventional loans, how can a buyer make the right choice? Loan costs should definitely factor into the evaluation. Fortunately for eligible military buyers, it is possible for VA loans to be less expensive up-front and over the long [...]
Thinking about a home purchase? You’ve got a lot of decisions to make. One of the biggest choices facing buyers centers on financing. Selecting a lender, type of loan, and loan terms can be tough.
When buyers first start exploring VA home loan options, terms like “VA appraisal” and “professional home inspection” can understandably become muddled. Let’s clear the confusion. The VA appraisal and a professional inspection vary radically, and each hold crucial benefits for military buyers. Before buying a home with your VA loan benefits, make sure you understand [...]
Military buyers wait on pins and needles for the results of the VA appraisal. A low appraisal value sends a stinging message to would-be homebuyers: This deal might not fly. Don’t toss that transaction out the window just yet. A fighting chance remains for those buyers who can prove that a VA appraisal value is [...]