VA Loan Basics VA Loans Insider

  • Understanding Clear to Close for VA Buyers

    Understanding Clear to Close for VA Buyers

    You’ve worked with your loan officer and the day you’ve been working toward has arrived. He says the magical words, “Your loan is clear to close.” But now, you wonder, what’s next? From the moment your loan receives approval by an underwriter a huge weight is lifted from your shoulders, but you aren’t quite finished. This guide will outline each step of the process from the moment you receive the “cl…

  • Get a VA-Savvy Real Estate Agent in Your Corner

    Get a VA-Savvy Real Estate Agent in Your Corner

    All real estate agents aren’t created equal. It might not matter too much if you’re purchasing with a conventional, run-of-the-mill loan. But the VA loan is a unique tool that demands specialized knowledge. The VA requires a home to be in good repair. Condos and homes that are part of an association must meet department approval. Private wells, septic systems, termite inspections and shared maintenance …

  • Buying During a Deployment: Power of Attorney and VA Loans

    Buying During a Deployment: Power of Attorney and VA Loans

    When it comes to achieving the dream of homeownership, active duty military members don’t have to miss out because they’re proudly serving our nation abroad. Service members who are deployed to other parts of the world can purchase a home without actually being in the country, let alone doing a walk-through. The key is Power of Attorney. Using POA Most military personnel and family members are at l…

  • Debunking the Myth That VA Home Loans Cost More

    Debunking the Myth That VA Home Loans Cost More

    You could fill a book with all of the myths and misconceptions surrounding VA home loans. One of the most persistent is the belief that VA loans inherently cost more than other types of mortgages. Whether it's because of the $0 down benefit, or the fact that there's no mortgage insurance, or that it's a government-backed loan, there's a pervasive sense that veterans will either pay more to get a VA loan or pay mor…

  • Top Leaders of VA Loan Program Join Veterans United to Answer Your Questions

    Top Leaders of VA Loan Program Join Veterans United to Answer Your Questions

    VA Recap - Update We were excited to recently host a live conversation about VA home loans with the top two leaders of the VA Home Loan Program! Mike Frueh, national director of the program, and John Bell, a Navy veteran and assistant director of the program, joined us live in our studio at the Veterans United Home Loans headquarters in Columbia, Mo., for an informative, 40-minute conversation about this hist…

  • How to Count Overtime Income Toward a VA Home Loan

    How to Count Overtime Income Toward a VA Home Loan

    Income isn't everything when it comes to getting a VA home loan, but it's a pretty important factor. Obviously, you have to be able to afford the monthly mortgage payments and have enough money left over each month to take care of regular expenses (better known as residual income). Lenders will want to make sure the money you're bringing home is stable, reliable and likely to continue. Otherwise, banks and lending…

  • Military Homeowners Get New Mortgage, Foreclosure Safeguards

    Military Homeowners Get New Mortgage, Foreclosure Safeguards

    2014 is a year of change for the mortgage industry, with a host of new regulations and protections for borrowers and lenders alike. Some of the most important safeguards will better insulate veterans, service members and military families from mortgage-related financial issues. "It’s no secret that the housing crisis in recent years was particularly hard on military families," Holly Petraeus, who leads the Offic…

  • What the New Qualified Mortgage (QM) Regulations Mean for VA Borrowers

    What the New Qualified Mortgage (QM) Regulations Mean for VA Borrowers

    A new era for the mortgage industry is about to begin. From the ashes of the 2008 financial crisis came a host of new rules and regulations meant to better safeguard homebuyers and minimize risky loans. There's a new class of loans (called Qualified Mortgages, or QM) and a new regulatory body to oversee the industry (the Consumer Financial Protection Bureau, or CFPB). Mortgage industry folks have been preparing fo…

  • 28 Must-Read VA Loan Tips to Help You Land Your Dream Home

    28 Must-Read VA Loan Tips to Help You Land Your Dream Home

    Buying a home using your VA loan benefits can be one of the most exciting transactions you'll ever make. But it can certainly come with moments of frustration and uncertainty. Maybe that's not entirely unsurprising when you're talking about a six-figure purchase. The highs and lows of the homebuying process are often amplified for first-time homebuyers. There's a whole new language littered with strange acronyms like…

  • Seven Decades of Success: A Brief History of the VA Home Loan

    Seven Decades of Success: A Brief History of the VA Home Loan

    The VA home loan program was created in 1944, part of the original Servicemen's Readjustment Act, better known as the GI Bill of Rights. This sweeping legislation aimed to level the playing field for those who served our country during World War II, and in many ways it reshaped the course of America. VA loans played a critical role in that development. Nearly 70 years later, this government-backed mortgage program…