Benefit news, VA loan tips and personal finance help from the Nation's #1 VA lender for Homebuyers
Purchasing 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.
VA loan entitlement can be a tricky subject. Here we breakdown second-tier entitlement and what to expect when reusing your VA loan benefits.
VA 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.
Veterans 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.
It’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.
An 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.
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.