VA Loan Basics VA Loans Insider

  • 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…

  • A Closer Look at VA Adjustable-Rate Mortgages (ARMs)

    A Closer Look at VA Adjustable-Rate Mortgages (ARMs)

    You haven't heard much about adjustable-rate mortgages (ARMs) the last few years, and what you did hear probably wasn't flattering. But a VA adjustable-rate mortgage can actually make good financial sense for some military borrowers, especially those still serving in the Armed Forces. The key is finding the right loan at the right time. VA borrowers actually have a built-in advantage when it comes to ARMs. Gov…

  • 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…

  • 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 …