Future Homeowners Page 3

  • Getting a VA Loan More Than Once

    Getting a VA Loan More Than Once

    Whether it's a need for more bedrooms, storage space or even a backyard for the kids to play in, eventually the house that used to comfortably fit two newlyweds becomes cramped beyond belief, and so begins the search for the new perfect house. This process, often referred to as "moving up," can present obstacles as families try to save up funds for a traditional down payment. Fortunately, a fantastic benefit of…

  • 5 Common Reasons Homes Fail The VA Loan Appraisal

    5 Common Reasons Homes Fail The VA Loan Appraisal

    While the VA loan process consists of multiple steps, the appraisal process can prove the most frustrating for some service members. The VA utilizes a set of Minimum Property Requirements that must be addressed before a loan can receive the agency’s guarantee. Those MPRs cover a range of important things and are in place to ensure the safety and health of military home buyers. The VA wants homes to be “move…

  • 7 Tips for Crafting a Captivating Home Buyer’s Letter

    7 Tips for Crafting a Captivating Home Buyer’s Letter

    In a competitive buying market like we’re currently experiencing, making your offer stand out could make the difference between being a happy new homeowner and a buyer still in the market for a home. Unfortunately, sellers aren’t just going to hand over the keys to their home. So how can you set yourself apart from the competition? One answer: A letter. More and more homebuyers are writing personal letters to sellers to make their offer stand out. This letter is a chance for you to shine …

  • Should You Save Your VA Eligibility and Go FHA?

    Should You Save Your VA Eligibility and Go FHA?

    The past few years FHA loans have been enormously popular. This is largely a byproduct of the fact that FHA financing is a known quantity; these loans have been used by more than 41 million borrowers since the 1930s compared to 22 million borrowers with VA loans since the 1940s. No less important, FHA is especially geared toward first-time and low- to middle- income borrowers. Like VA loans, an FHA mortgage allows…

  • How Does Your DD 214 Help You to Get a VA Home Loan?

    How Does Your DD 214 Help You to Get a VA Home Loan?

    So you're ready to buy a home, and using your VA loan sounds like a smart idea. Even if you don't have a home picked out, or even know how much home you can afford, one of the first steps to using your VA benefits is determining whether you're eligible for the program. For many veterans, your DD 214 can help you get the ball rolling on the VA home loan process. Who is issued a DD 214? Only veterans of the r…

  • Best Cities for Veteran Homebuyers to Live in 2017

    Best Cities for Veteran Homebuyers to Live in 2017

    Our list of best cities for veteran homebuyers considers some of the most important factors returning service members told us they value in their search for a place to call home. If you're ready to begin your search for the home of your dreams in one of our Best Cities, get started by learning about the incredible benefits of a VA loan.   Every day, U.S. military members around the world defend free…

  • 6 Things You Need To Know About VA Streamline Refinancing

    6 Things You Need To Know About VA Streamline Refinancing

    Qualified VA homeowners have access to one of the simplest yet most powerful refinance options around the VA Interest Rate Reduction Refinance Loan (IRRRL). This refinance option offers homeowners some significant benefits, often with minimal paperwork and costs you can finance into the new loan. To be sure, every refinance situation is different. Talk through your specific situation with a loan officer yo…

  • Save Money By Knowing the Difference Between APR and Interest Rate

    Save Money By Knowing the Difference Between APR and Interest Rate

    Understandably, many first-time homebuyers are confused when it comes to interest rates. Complicating the issue further, potential borrowers are bombarded with a lot of information, and it can become difficult for them to know when they are getting the best deal. You want to make sure you're getting all of the correct information when making one of the biggest purchases of your life. By doing so, you ensure you're…

  • My Bank Statement Can Kill My VA Loan?

    My Bank Statement Can Kill My VA Loan?

    When you apply for a mortgage, you'll be asked for a significant amount of documentation. Lenders need to verify your employment, income and assets before determining VA loan preapproval. One document you'll provide is a full bank statement for each of your accounts. Bank statements are a window into your spending habits and ability to make sound financial choices. Your bank statement is sent to an underwriter to…

  • 5 Tips to Avoid Being House Poor

    5 Tips to Avoid Being House Poor

    The price of a house is perhaps one of the most crucial factors in the purchase process, though it can be all too easy to neglect its weight once the home search begins. $15,000 of cushion can become a $50,000 compromise in a matter of minutes. By determining absolute price points before you even step foot inside the first house, you can confine your interest to houses in an affordable range, making it that much …