Tips and advice to help Veterans and military families get the most from homebuying
Verification 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.
VA 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.
A 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).
Military 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.
Not 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.
Manufactured 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.
The 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.
Your 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.
Mortgages 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.