VA Loans Insider Page 9

  • Getting a VA Mortgage When You’re Within 12 Months of ETS

    Contrary to some lingering misconceptions, the VA home loan program isn't just open to veterans who've rejoined the civilian world. The reality is thousands of active military members use their VA mortgage benefits every year. In fact, about 30 percent of all VA borrowers are currently serving in the military. Purchasing while still wearing the uniform isn't typically a complicated process. But one circumstanc…

  • Explaining Escrow: What VA Homebuyers Need to Know

    Explaining Escrow: What VA Homebuyers Need to Know

    First-time VA homebuyers run into a lot of new words and phrases as they begin the purchase process. One of the most unfamiliar is "escrow," a concept that many people don't encounter outside the mortgage industry. But it's an important part of the closing process that veterans should understand from the outset. So what is escrow? Escrow is basically depositing money with one entity who will deliver it to anot…

  • What the DOMA Ruling Means for VA Mortgages

    What the DOMA Ruling Means for VA Mortgages

    UPDATE: The VA Loan Guaranty Program issued new guidance on same-sex marriage in May 2015. Read about the changes here.   The U.S. Supreme Court's recent ruling striking down a key part of the Defense of Marriage Act (DOMA) provides married same-sex military couples with an array of new benefits. That's almost certainly going to include the VA Loan Guaranty program, which has helped more than 20 millio…

  • The Coolest VA Loan Process Graphic You'll Ever See

    The Coolest VA Loan Process Graphic You’ll Ever See

    The VA loan process can be confusing for first-time homebuyers. The VA loan specialists at Veterans United do a great job of breaking down each step and detailing what prospective VA borrowers should expect. Sometimes it helps to step back and get a holistic view of the lending landscape, from the first steps to the day you close on the loan and pick up the keys to your dream home. One of our talented graphic desi…

  • 4 Steps and a Helpful Calculator for Estimating Your VA Loan Purchasing Power

    4 Steps and a Helpful Calculator for Estimating Your VA Loan Purchasing Power

    A lot of questions start swirling around your brain once you decide it's time to pursue the dream of homeownership. That's certainly normal, especially for first-time homebuyers, who are about to embark on an exciting-yet-unknown journey. One of the biggest questions -- and the first for many prospective VA homebuyers -- is mixed with awe and uncertainty: How much house can I buy? It's an important question, a…

  • How to Tackle a Tax Lien and Secure Your VA Home Loan

    How to Tackle a Tax Lien and Secure Your VA Home Loan

    Federal tax liens are a serious business. But they don't necessarily have to derail your VA home purchasing plans. The Internal Revenue Service can put a federal tax lien on your residential or business property, your assets and other important considerations if you've neglected or simply failed to pay a tax debt. The lien, which helps safeguard the government's financial interest, can attach to your property,…

  • Borrowers Lack Basic Mortgage and Homebuying Knowledge, Survey Shows

    Borrowers Lack Basic Mortgage and Homebuying Knowledge, Survey Shows

    We've long believed that educated homebuyers are stronger homebuyers. For many veterans and military members a home represents the biggest purchase of their lives. Understanding the homebuying process, the advantages of VA loans and the potential pitfalls out there can ensure military buyers save time and money and maximize their hard-earned benefits. A recent survey from real estate website Zillow illustrates…

  • How to Use Gift Funds on Your VA Home Loan

    How to Use Gift Funds on Your VA Home Loan

    The VA home loan program boasts a ton of incredible benefits, but the two biggest might be these: Qualified borrowers can purchase a home with no money down, and there's no cap on how much a seller can pay toward your closing costs. Unfortunately, in terms of the latter, there's no guarantee that you'll get a seller to agree to pay all of those costs. It's certainly a common outcome, especially in a buyer's ma…

  • How to Use Power of Attorney to Purchase With a VA Loan

    How to Use Power of Attorney to Purchase With a VA Loan

    The concept of Power of Attorney (POA) is a well-worn one for military members and their families. This legal instrument allows a service member to designate a person who can enter into contracts and execute other civil, financial and legal obligations on their behalf, often because of a deployment. VA home loans are absolutely on that list, and the time to get the ball rolling on one is right now. The VA e…

  • Getting Your VA Loan Questions Answered

    Getting Your VA Loan Questions Answered

    Thanks to everyone who tuned in this afternoon for our live VA loans Hangout. We had a ton of great questions coming in from all points, especially our Veterans United Facebook communities and our Google+ page. We tried to squeeze in as many questions as we could in 30 minutes. But there were of course many we couldn't quite get to, so I wanted to go through a few of them in this post. Remember you can always …