Home Purchase - Page 2
Page 2 of 22 - Home Purchase Article Archives
Tips and advice to help Veterans and military families get the most from homebuying
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Challenging a Low VA Appraisal with the VA Tidewater Appraisal Process or a Reconsideration of ValueA low VA appraisal doesn't mean the end of the road. VA buyers can appeal a low VA appraisal through VA Tidewater or a Reconsideration of Value (ROV).
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Here's How Your Disability Rating Affects Your VA Home Loan BenefitYour VA disability rating by itself has no negative effect on VA loan eligibility. In fact, your rating may provide cost-saving benefits and additional income when considering a VA loan, even if you have bad credit.
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VA Loans vs. FHA Loans: 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. -
Using Your VA Loan for an AirbnbPurchasing a home with a VA loan is an exciting moment, but there are some limitations with what you can do with the property even after you close. Occupancy requirements are going to be the biggest hurdle for Veteran homebuyers, but that's not to say turning your home into an Airbnb is impossible.
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Can You Have Two VA Loans? Breaking Down Second-Tier Entitlement and Multiple VA LoansVA loan entitlement can be a tricky subject. Here we breakdown second-tier entitlement and what to expect when reusing your VA loan benefits.
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Explaining VA Entitlement: What You've Earned and Why It's ImportantVA loan entitlement can be a confusing subject. Here we break down VA loan entitlement, the different types and how that affects your maximum loan amount.
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Qualifying for a VA Loan Using Retirement IncomeVeterans and service members can look to qualify for a VA home loan using retirement income, which is great news for many homebuyers. You will need to be able to verify this income in order to qualify for the home loan.
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VA Loan Employment Requirements for Workers On the Job Less Than 2 YearsIt’s absolutely possible for applicants to earn VA loan approval if they have been employed at their current job for less than two years. But it depends on your specific income and employment situation, the lender and more.
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Using Basic Allowance for Housing (BAH) on VA LoansAn incredibly powerful benefit of the VA home loan is military members' ability to use their Basic Allowance for Housing (BAH) towards their mortgage payments. BAH rates depend on several different factors, so it's crucial to verify your amount with the DOD.
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Getting a VA Loan After ForeclosureGoing through a foreclosure can devastate your credit score, but it doesn't mean you have to wait years to buy another home.
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The Potential Pitfalls of Purchasing on a Private RoadPrivate road agreements are a big deal when it comes to VA mortgages. Understand the potential hurdles before you get too deep into the loan process. -
Pros and Cons of VA LoansAs with any mortgage option, VA loans have pros and cons that you should be aware of before making a final decision. So let's take a closer look
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Getting A VA Loan Using Self-Employed Income
If you’re a self-employed VA borrower, you should be prepared to do a bit more work when it comes to verifying your income and providing proper documentation to support your business. While crucial for confirming your loan eligibility, these verification policies vary depending on the lender.
