Veterans United Network by Veterans United Home Loans

How VA Loans Work: What Most Borrowers Don’t Know About VA Loans

Updated on October 6, 2020

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.

VA Loans and Credit Score Minimums: What All Buyers Need to Know

Updated on March 25, 2020

Most lenders are guided by credit score minimums. For VA home loans, VA lenders often look for a score of 640 or higher, but potential VA borrowers with low credit may still be able to obtain a VA loan. Check out this list of credit score requirements for VA loans, FHA loans, USDA loans and conventional loans.

VA Disability Pay by Disability Rating Chart

VA Disability Compensation Rate Tables for 2021

Updated on March 1, 2021

Veterans with a disability that developed or worsened while serving in the military, or due to military service, may be eligible for Service-Connected disability pay.

The Importance of Being Earnest: All About Earnest Money Deposits

Published on April 10, 2017

An earnest money deposit is a deposit of good faith on a home loan from a buyer to a seller. Including an earnest money deposit with your offer is a part of the VA home loan process and serves to protect VA buyers and sellers in a real estate transaction. Learn how earnest money might help you obtain the home you want.

property tax exempt home of disabled veteran

Full List of Property Tax Exemptions By State

Published on May 7, 2020

Most states offer disabled veterans a property tax exemption, which can save veterans thousands each year depending on state and disability percentage.

beautiful home obtained using va home loan second tier entitlement

Getting a Second VA Loan: a Closer Look at Second-Tier Entitlement

Published on May 18, 2017

Second-tier entitlement allows qualified VA borrowers to purchase again despite default or foreclosure. It even lets veteran homeowners have two VA loans at the same time. First, VA lenders have to determine how much entitlement you have left. Find out more about entitlement and your VA loan eligibility.

Here's How Your Disability Rating Affects Your VA Home Loan Benefit

Updated on October 16, 2019

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.

front door of couple using a joint va loan

VA Loan Co-Borrowing Scenarios for Spouses and Unmarried Couples

Published on April 24, 2018

Some lenders will finance a Joint VA Loan on which you can have a non-veteran or non-spouse co-borrower. Borrowing or refinancing with a civilian, partner or friend affects your down payment, entitlement and more. We’ll take you through VA loan co-borrowing scenarios to give you a better grasp of the pros and cons.