VA Loans Insider Page 8

  • How Comps Can Make or Break Your Home Loan: The Power of Comparable Sales

    How Comps Can Make or Break Your Home Loan: The Power of Comparable Sales

    The VA appraisal is one of the critical pivot points in the loan process. It's a two-stage step that plays a make-or-break role when it comes to the home you're under contract to purchase. Coming up with a value for the property lies at the heart of this, and that part of the appraisal process relies heavily on something you cannot control -- what others have paid for nearby houses like yours. What we're talking …

  • The Potential Pitfalls of Purchasing on a Private Road

    The Potential Pitfalls of Purchasing on a Private Road

    Falling head over heels for a house makes the whole VA mortgage process worthwhile. But there are some important things to bear in mind if the object of your affection happens to be on a private road or a shared driveway. These aren't everyday properties, but they're certainly out there and can create a major headache for homebuyers. Should you set your sights on a home like this, make sure you've got a solid unde…

  • VA Loan Live Hangout, Oct. 1, 2013

    VA Loan Live Hangout, Oct. 1, 2013

    Here's a transcript of the VA Loan Live Hangout from Oct. 1, 2013. Sarah: Now, for introductions, we have Barby Wulff. (Veterans United Home Loans, Barby Wulff, Loan Officer, NMLS: 177100 P: [800] 814-1103 ext. 3247, E: bwulff@vu.com). She is a Loan Officer at Veterans United Home Loans.  Thanks so much for joining us. Barby: Thank you. Happy to be here. Sarah: And Ladies in red, I tell you I must not …

  • Good News: The VA Home Loan Program Continues to Operate as Normal

    Good News: The VA Home Loan Program Continues to Operate as Normal

    There's been a lot of confusion and uncertainty about how a government shutdown will affect VA home loans. To help clarify, the VA released a bulletin to provide guidance to lenders and others, and it would seem to be good news for veterans, service members and military families nationwide. Here's how the Department of Veterans Affairs addressed the question: The VA Home Loan Guaranty Program will continue to…

  • VA Loan Live Hangout, Sept. 26, 2013

    VA Loan Live Hangout, Sept. 26, 2013

    Here's a transcript of the VA Loan Live Hangout from Sept. 26, 2013. Chris: Hello. It's Chris Birk here from Veteran United Home Loans. Welcome to the latest edition of VA Loan Live, our weekly VA Loan chat. As always, I'm joined by our senior home buying and mortgage writer Sam Reeves (NMLS #: 957799). Sam, thanks for joining us. Sam: Yes. Thank you. Chris: And back in the Loan Officer hot seat is…

  • Don’t Let Your Commute Drive Down Your Purchasing Power

    Don’t Let Your Commute Drive Down Your Purchasing Power

    When it comes to hunting for your dream home, here's one more reason to keep location in mind: Your new drive to the office could wind up costing you. Close to 600,000 full-time workers have a commute of at least 90 minutes and 50 miles, according to U.S. Census data. VA mortgage lenders will want to consider commuting expenses if you're driving more than a certain number of miles to work each day. Fuel and mai…

  • VA Loan Live Hangout, Sept. 12, 2013

    VA Loan Live Hangout, Sept. 12, 2013

    Here's a transcript of the VA Loan Live Hangout from Sept. 12, 2013. Samantha: Hi guys, welcome to this addition of VA Loan Live. I'm Samantha here with Veterans United Home Loans, joined by Chris Birk, who is an expert on the VA Home Loan and also wrote the book on VA home loans. Chris, welcome. Chris: Hey, Sam, how are you? Samantha: Doing great. And we're also joined by Zach Gunter, who is a loan offi…

  • Do I Qualify for a VA Home Loan?

    "Do I qualify for the VA home loan program?" If it isn't the Question of All Questions when it comes to VA mortgages, it's close. Seems like such a simple one, right? The reality is this isn't a "Yes or No" question, at least if you're looking for a thoughtful answer. In fact, you may not know it, but you're actually asking two questions here, and that's at the root of why this isn't black-and-white. What w…

  • VA Homebuyers and Income-Producing Properties

    Update: Our policy guidelines recently changed regarding properties with income-producing attributes. Generally, Veterans United will now loan on properties with income-producing attributes as long as the appraisal doesn't indicate the "highest and best" use of the property is commercial/business in nature. There can't be any marketability concerns with the property, either. Talk with a Veterans United loan offic…

  • VA Mortgage Rates – Stability Coming as Housing Marketing Moderates

    VA mortgage interest rates, along with their conventional counterparts, have settled a bit after a weeks-long roller coaster. The average interest rate on a 30-year fixed rate mortgage fell to 4.31 percent last week, down from a 4.51 percent average just two weeks earlier, according to Freddie Mac. Mortgage rates seem to be stabilizing. It's impossible to say whether that trend will continue. But even if rates…