Future Homeowners - Page 2
Page 2 of 13 - Future Homeowners Article Archives
Tips and advice to help Veterans and military families get the most from homebuying
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What VA Buyers Should Know About Verification of Rent (VOR)Lenders may require a Verification of Rent (VOR) to better assess a borrower's likelihood of making on-time mortgage payments. While VORs aren't always necessary, it's important to understand what they are and how they can impact your mortgage process.
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Cash Reserves Requirements for VA LoansYour cash reserves are important to the homebuying journey as lenders want to make sure you have a stable, reliable income that’s likely to continue.
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Buying a Condo With a VA LoanBuying a condominium with you VA home loan benefit is a great option. However, there are additional requirements that differ from purchasing a single-family residence or a multiunit complex.
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What VA Buyers Need to Know About Mortgage Credit ScoresKeeping an eye on your credit score is a good habit to keep, especially when looking to buy a home. There are a few different types of credit scores your VA mortgage lender will look at when evaluating your finances, and several terms you should be aware of.
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How Job Gaps & Job Changes Can Affect Your VA Loan Eligibility
Verifying your employment is an important step in establishing eligibility for a VA home loan. However, changing jobs, being placed on temporary leave, or switching careers can all impact the timeline of your VA loan.
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Getting A VA Loan Using Self-Employed Income
The inconsistency that results from self-employment can often lead to applicants running into some hurdles. They will need to verify their income and provide critical business documents to qualify. However, policies will vary depending on the lender.
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Common-Law Marriage & VA LoansCommon-law marriage is an old concept and an often misunderstood one, but common-law marriages can qualify when it comes to being eligible for a VA home loan.
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Full List of Property Tax Exemptions By StateMost states offer disabled veterans a property tax exemption, which can save veterans thousands each year depending on state and disability percentage.
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How Your Military Discharge Can Affect VA Home Loan EligibilityHere we take a look at discharge scenarios and who is eligible for a VA loan after leaving service.
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Getting a VA Loan When You Can't Locate Military Service Records
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Should You Save Your VA Eligibility and Go FHA?FHA loans have become increasingly popular. But most qualified military borrowers will save more money and enjoy greater buying power using a VA loan.
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How Does Your DD 214 Help You to Get a VA Home Loan?Veterans looking for a VA loan will often need to provide lenders with a copy of their DD Form 214 as proof of service. Let’s take a closer look at what VA buyers need to know. -
You’ve Earned It: Housing Grants Can Help Disabled VeteransThe VA has three federal grant programs that allow veterans with certain service-connected disabilities to purchase or modify a home adapted to fit their unique needs.
