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  • 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 …

  • 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…

  • 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…

  • 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…

  • 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…