VA Loans Insider Page 16

  • A Primer on VA Loans and Income

    A Primer on VA Loans and Income

    Service members don’t have to hit any kind of income threshold to capitalize on the home lending benefits earned by their service. There’s also no type of cap. Whether the salary is $25,000 per year or $2.5 million, qualified borrowers have equal access to the VA Loan Guaranty program. But that doesn’t mean that everyone who meets the eligibility requirements gets a loan. VA-approved lenders have to ma…

  • Fend Off Foreclosure With a VA Compromise Sale

    Fend Off Foreclosure With a VA Compromise Sale

    Even when the value of your home is less than the balance of your mortgage, you have options, especially if you’re the holder of a VA mortgage loan. If you’re planning to stay in your home for a while, waiting out the market is one alternative. But for many members of the military facing new orders, that isn’t always a practical solution.  Being proactive and contacting your VA mortgage lender to find ou…

  • The Power and Potential of VA Loans

    The Power and Potential of VA Loans

    VA loans are hotter than ever. Over the last five years, service members and their families have flocked to the security and unmatched buying power of these government-backed loans. VA loan volume has soared 135 percent since 2006, jumping to 314,011 loans in 2010 from just 133,313 in 2007. A tighter credit market and sagging housing industry have fueled renewed interest in this long-cherished program. VA loans…