VA Loan Basics VA Loans Insider

  • 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…

  • 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…

  • The Secret to Getting the Best Home at the Best Price: Purchase in the Winter

    The Secret to Getting the Best Home at the Best Price: Purchase in the Winter

    Every prospective homebuyer is looking for an edge in the hunt for their dream home. Finding that perfect property is the first step, but a close second is getting the best deal possible. There are books and websites galore offering strategies, tips and insider tactics. But you already have access to what's perhaps the most powerful tool out there when it comes to getting the best home at the best price. What is t…

  • VA Mortgage Eligibility for Surviving Spouses

    VA Mortgage Eligibility for Surviving Spouses

    The VA home loan is a benefit earned through service and sacrifice. It isn't something that veterans can transfer to their children or share with a civilian friend. But for veterans and service members who've paid the ultimate price, their surviving spouse may be able to use this long-cherished mortgage guaranty program. These situations usually require a closer look at the circumstances. It's ultimately up to th…

  • 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 …

  • 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 …