VA Financing Real Estate Blog

  • How a Home Inspection Differs from the VA Appraisal

    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 the function and objectives of both. …

  • 5 Tips to Get Your Next VA Purchase Offer Accepted

    The incredible benefits offered by VA loans come with a few unique guidelines. Guidelines that can, logically or not, make sellers hesitant to accept VA offers. But experienced military-friendly agents have learned a thing or two about working with VA buyers — and the crucial VA loan advantage. From their knowledge, we’ve culled five dos and don'ts to get your next VA purchase offer accepted. 1. Don't pi…

  • 3 ‘S’-Words That Will Make or Break a VA Appraisal

    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 to be financed with a VA loan. Homes that don’t meet the criteria of “safe, st…

  • 5 Most Common VA Loan Myths Busted

    It’s the “information age,” not the “good information age.” Accurate information on any topic can be hard to find, and the VA loan process is no exception. From inaccuracies posted on message boards to bad blogs, there is an abundance of VA loan myths out there. Let’s tackle the five most common VA home loan myths and reaffirm the strength and flexibility of this unique financing tool. It only takes …

  • 4 Credit Questions VA Lenders Will Ask You

    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 will definitely pop up during the credit evaluation.…

  • The 5 Best VA Home Loan Benefits

    Modern homebuyers can face a mountain of restrictions when applying for a mortgage. Tougher credit standards and higher income requirements have pushed many prospective buyers out of the market altogether. Enter the VA home loan. Throughout the housing market meltdown, the VA loan program has remained steadfast in its mission: providing accessible and cost-effective loans to military members. Veterans and…

  • 4 VA Appraisal Dealbreakers (and How to Handle Them)

    4 VA Appraisal Dealbreakers (and How to Handle Them)

    Let’s be honest: The VA appraisal has a reputation of being problematic. But it doesn't have to be. With a little knowledge and a watchful eye, you can help guide your buyers to properties that will easily meet the VA's Minimum Property Requirements. Boost your VA appraisal know-how with a review of four big VA appraisal pitfalls to avoid: 1. The leaky basement Water can cause an unbelievable amount of dam…

  • Private Water Sources and the VA Loan

    The VA pays special attention to private water sources and you should, too. They aren't regulated by the federal government so the VA created specific criteria these water sources must meet in order to be deemed safe. Wells are one of the most common private water sources, but depending on your location you may also encounter springs, cisterns or rainwater catchment systems in use. Wells If your buyer goes…

  • How to Challenge a Low VA Appraisal Value: The Reconsideration of Value

    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 show that a VA appraisal value is erroneously lower than the asking price. Let’s talk about the VA’s Reconsideration of Value. …

  • 4 Tips for Buying Distressed Properties With VA Loans

    What military buyer wouldn’t want to shave more than a third off the price of a home? Distressed properties sold at an almost 37 percent discount in March 2017, according to RealtyTrac. Fortunately for cash-conscious military buyers, VA loans can be used to purchase foreclosure or short sale properties if the property meets the VA home loan guidelines set by the Department of Veterans Affairs. But as expe…