Tips and advice to help Veterans and military families get the most from homebuying
Buying 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.
VA loans allow Veterans to have a co-borrower or co-signer on the loan. Here we break down co-borrower requirements and provide common scenarios around co-borrowing and joint VA loans.
The VA doesn't have a minimum credit score requirement, but most lenders do. Here we look at typical VA loan credit requirements and lender expectations.
A VA loan is a mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs. Here we look at how VA loans work and what most borrowers don’t know about the program.
Your Certificate of Eligibility (COE) verifies you meet the military service requirements for a VA loan. However, not everyone knows there are multiple ways to obtain your COE – some easier than others.
Learn about the opportunities and limitations with using your VA loan benefit to buy a farm residence.
VA adjustable-rate mortgages (ARMs) haven't seen much demand in recent years. However, rising interest rates have homebuyers searching for VA ARMs again.
Prospective buyers can look to land a VA home loan using part-time income. But you’ll typically need a solid track record of receiving that income to make it work.
VA loan short sales are often incorrectly lumped together with foreclosures or deeds-in-lieu of foreclosures. However, they aren't the same thing, and that can make a huge difference for homebuyers.
When your loan officer calls to say your loan is Clear to Close (CTC), that means the underwriter has approved all documentation necessary for the title company to schedule the closing and start drafting the Closing Disclosure.
The VA has occupancy requirements for veteran borrowers, but there are some exceptions to the rules we'll explore below.
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