Home Purchase - Page 4
Page 4 of 21 - Home Purchase Article Archives
Tips and advice to help Veterans and military families get the most from homebuying
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How Compensating Factors Can Boost Your Chances of Securing a VA Home LoanCompensating factors such as a great credit history, minimal debt, or solid cash reserves can bolster a VA loan application that's otherwise a little spotty. -
Verification of Employment (VOE) for VA LoansVerification of Employment (VOE) is essential for VA lenders to see that you have a reliable source of income and can make your mortgage payments. Guidelines will vary by lender and borrowers should be aware that some employment scenarios can disrupt the VA loan process.
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Can You Use a VA Loan Twice? A Quick Guide to How Many Times You Can Use a VA LoanVA loans are not a one-time benefit. Veterans and active-duty service members can use their VA loan benefits twice, three, four or more times. This article explores the guidelines and processes, helping you maximize this valuable opportunity to use VA loan benefits more than once.
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VA Loans and Lead Paint: What You Need to KnowThe VA requires lead-based paint to be properly treated or removed from a home. Learn about VA home loan appraisals, safety and lead paint to protect yourself and your family from poisoning. -
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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A Military Spouse's Guide to VA LoansMilitary spouses often play key roles in the homebuying process. Here we take a deep dive into what spouses can expect and how to be better prepared for your homebuying journey.
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VA Loans & For Sale By Owner (FSBO) HomesNot all buyers will have a real estate agent to market their home. Purchasing a For Sale By Owner (FSBO) property can be an attractive option for many VA home buyers.
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Using a VA Loan for Manufactured Homes or Modular HomesManufactured and modular homes are an attractive option for many VA borrowers, but must meet minimum property requirements and other guidelines specified by the lender. Some lenders may not be willing to finance these homes.
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2023 VA Funding Fee: Complete Explainer with Charts and ExemptionsThe VA funding fee is a governmental fee required for many VA borrowers. However, some Veterans are exempt, and the fee varies by VA loan usage and other factors. Here we explore the ins and outs of the VA funding fee, current charts, who's exempt and a handful of unique scenarios.
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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. -
Debunking the Myth That VA Home Loans Cost MoreVA home loans aren't categorically more expensive than any other mortgage. In fact, they're often less expensive than others. Learn more about why.
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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 and PMI: Breaking Down Mortgage Insurance and VA LoansMortgages typically have some form of mortgage insurance. Conventional loans have private mortgage insurance (PMI), FHA loans have a mortgage insurance premium (MIP) and even USDA loans have an ongoing fee. Here we look at the VA's mortgage insurance requirements - or lack thereof.
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