Home Purchase - Page 5
Page 5 of 21 - Home Purchase Article Archives
Tips and advice to help Veterans and military families get the most from homebuying
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VA Loans and Homeowners InsuranceHaving homeowners insurance on your property isn’t just a good bet. VA lenders will require you to have sufficient homeowners insurance in place before you can close on a loan. -
How a Home Inspection Differs from the VA AppraisalHome inspections and VA appraisals overlap but serve very different purposes. Let's look at how home inspections differ from VA appraisals. -
Overtime Income for VA Home LoansVA lenders typically need to see a two-year track record of overtime income in order to count it toward qualifying for a VA home loan. -
Getting a VA Loan With Bad CreditSecuring a VA loan with bad credit isn't impossible, but it is common for many lenders to have a more stringent credit requirements. -
How Much Can You Borrow With a VA Loan?Determining how much you can borrow may be more complex than you realize. Factors including DTI, residual income, and the property’s appraised value all play into this. -
Can I Qualify for a VA Loan Using GI Bill Assistance?See if your GI Bill benefits can count towards your VA mortgage.
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VA Loans for a Farm: Everything You Need To KnowLearn about the opportunities and limitations with using your VA loan benefit to buy a farm residence. -
A Closer Look at VA Adjustable-Rate Mortgages (ARMs)VA adjustable-rate mortgages (ARMs) haven't seen much demand in recent years. However, rising interest rates have homebuyers searching for VA ARMs again. -
Using Part-Time Employment Income on a VA LoanProspective 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. -
Short Sales and Waiting Periods for VA LoansVA 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.
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Understanding Clear to Close and the Final Stages of VA HomebuyingWhen 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. -
Occupancy Requirements for VA LoansThe VA has occupancy requirements for veteran borrowers, but there are some exceptions to the rules we'll explore below. -
Key Contract Contingencies for VA Buyers to ConsiderContract contingencies are in place to protect prospective VA buyers from the unknown.
Don't miss your shot at our $100,000 Home Giveaway
No purchase necessary; see official rules for details.
No purchase necessary; see official rules for details.
1. realtor.com is hosting and helping to administer and promote the sweepstakes.
2. NMLS #1907 (nmlsconsumeraccess.org). Not affiliated with Dept. of Veterans Affairs or any government agency.
3. May be subject to tax withholding. See Official Rules for details.
2. NMLS #1907 (nmlsconsumeraccess.org). Not affiliated with Dept. of Veterans Affairs or any government agency.
3. May be subject to tax withholding. See Official Rules for details.
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