A good credit score is an excellent starting point for anyone considering a VA loan. But what exactly is a good credit score? Does the VA have a credit score minimum? How do VA credit requirements stack up against other mortgage options? One of the best benefits of the VA loan program is its relaxed credit requirements. Potential borrowers don't… Full Article
The VA pays special attention to private water sources and you should, too. They aren't regulated by the federal government so the VA created specific criteria these water sources must meet in order to be deemed safe. Wells are one of the most common private water sources, bu… Full Article
Military buyers wait on pins and needles for the results of the VA appraisal. A low appraisal value sends a stinging message to would-be homebuyers: This deal might not fly. Don’t toss that transaction out the window just yet. A fighting chance remains for those buyers w… Full Article
What military buyer wouldn’t want to shave nearly a third off the price of a home? Distressed properties sold at a 40 percent discount in February 2017, according to RealtyTrac. And fortunately for cash-conscious military buyers, VA loans can be used to purchase foreclos… Full Article
CREDIT. Encompassing FICO scores, income, debt and employment, credit plays a huge role in the VA loan process. Fortunately for veterans and active-duty service members, VA loans feature relaxed credit requirements when compared to conventional loan programs. Wondering what… Full Article
Real EstateThe VA appraisal is a unique evaluation of properties financed by VA loans. And with its unique guidelines, the VA appraisal is worth careful study by buyers and agents alike. … Full Article
The meaning of earnest money is in the name -- it’s a deposit of good faith on a home loan from buyer to seller. An earnest money deposit will set your offer apart from other applicants, and it's generally an accepted part of the VA loan process. Buyer Protection Brea… Full Article
The meaning of earnest money is in the name -- it’s a deposit of good faith on a home loan from buyer to seller. An earnest money deposit will set your offer apart from other applicants, and it's generally an accepted part of the VA loan process. Buyer Protection Brea… Full Article
It’s the “information age,” not the “good information age.” Accurate information on any topic can be hard to find, and the VA ioan process is no exception. From inaccuracies posted on message boards to bad blogs, there is an abundance of VA loan myths out there. Let… Full Article
Apartments, condos, manufactured homes, co-ops, single-family homes — modern real estate has come a long way since the days of the one-room shack. The current market offers a wide variety of homes to satisfy any buyer’s desires. But VA loan buyers will need to focus on… Full Article