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.
It’s true, the vast majority of VA borrowers don’t need a down payment. But, how’s that work and what’s the catch?
Your Certificate of Eligibility (COE) verifies you meet service requirements for a VA loan. However, not everyone knows there are multiple ways to obtain your COE – some easier than others.
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.