VA Financing Real Estate Blog

  • What Income Will Count Toward a VA Loan?

    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 an applicant's income, a VA lender determines the size of loan a service member can handle. Only certai…

  • Is a VA Loan Cheaper Than Other Loan Options?

    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 haul than other loan options. Knowing how VA loans work is the first step toward g…

  • VA Loans and Lead Paint: What You Need to Know

    Lead-based paint can raise the hackles of any buyer. And for good reason. The ingestion of lead-based paint chips or dust has been linked to nervous system damage, kidney damage, and reproductive problems. Lead-based paint can also pose financing hazards to a potential VA loan borrower. The VA requires that loose lead-based paint be treated and removed before a VA loan can move toward approval. Let’s take a clos…

  • Should You Choose a VA Loan?

    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. Let’s make it easy with a simple assertion: VA financing is often the best choice for those who qualify, particularly if you agree with one or more of the following statements. 1. “I Can’t/Don’t Want to Make…

  • 8 Ways to Make Military Buyers Smile

    Happy buyers create happy homes and happy families. Happy buyers are a joy for real estate agents to represent. Happy buyers lead to referrals and repeat business. It’s a ripple effect that we all want to initiate, and it's our duty to provide quality service to our military clientele. By following these eight tips, any agent can earn a thumbs-up from their military buyers: 1. Ask questions. Lots of questions. …

  • The 5-Step Guide for Improving Your Credit Score

    Unless you possess a big chunk of cash, buying a home usually involves borrowing money. And while VA loans feature relaxed credit requirements, VA lenders can't help but favor responsible borrowers. That’s where the FICO credit score comes into play. Credit scores help lenders immediately assess a buyer’s responsibility with credit. A higher score means that a borrower is more likely to pay back a loan. If yo…

  • What Can A Military Borrower Get With A VA Loan?

    Across the Veterans United Network, we field tons of questions from military buyers and sellers. One of the biggest areas of uncertainty centers on the acceptable uses of a VA loan. “Can I use a VA loan to build a house?” “Can I buy a mobile home with VA financing?” "Does the VA fund business loans?" VA loans are guarded by very specific regulations and requirements. Only certain properties are eligible…

  • Get a VA Loan in 5 Simple Steps

    “Where do I start? What do I do?” First-time homebuyers can be understandably confused about starting the mortgage process. The VA loan program, with its unique requirements, can be even more elusive. But with the right agent and a skilled lender at hand, the VA loan process can be as simple as completing five basic steps. Let’s break those VA loan steps down for our military buyers: 1. Prequalification …

  • 5 Reasons Buying is Better than Renting for Service Members

    These days, veterans and active duty service members have more reason than ever to consider homeownership. Interest rates are low, homes are cheap and rent continues to climb. Those who make the move from renter to homeowner stand to gain significantly. By making a smart investment, homeowners can latch onto all kinds of benefits, from emotional rewards to financial returns. A successful home purchase start…

  • 5 Issues That Can Affect Military Homebuyers

    If you’re reading this post, you already recognize the value in working with our nation’s military homebuyers and sellers. Handling real estate transactions for our nation’s veterans and active duty service members is extremely rewarding. But working with military clients does require some specialized knowledge. If you want to brush up on your skills or learn more about this niche clientele, consider these un…