The price of a house is perhaps one of the most crucial factors in the purchase process, though it can be all too easy to neglect its weight once the home search begins. $15,000 of cushion can become a $50,000 compromise in a matter of minutes.
By determining absolute price points before you even step foot inside the first house, you can confine your interest to houses in an affordable range, making it that much harder to impulse buy or overspend. Though seemingly simple, settling on that perfect price is easier said than done.
So how much house can you really afford with your VA home loan? Here's how to find out.
» First-Time Homebuyers: Check your VA loan eligibility here. It's simple, easy, and there's no obligation.
If you've been through the purchase process, how did you best determine how much home you could afford? Are there any other tips to share? Let us know in the comment section below! Use our VA Calculator to determine how much house you can afford.
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Credit score requirements vary by lender. However, most lenders have similar criteria. Let's look at the minimum credit score for a VA loan and what lenders typically expect.