VA Loans Insider - Page 3
Page 3 of 15 - VA Loans Insider Article Archives
VA loan expert Chris Birk brings you the latest news and tips about your VA loan benefit
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Grossing Up Non-Taxable Income for VA LoansLenders consider your gross monthly income when evaluating what kind of mortgage you can afford. In other words, they’re looking at your major monthly debts in relation to your pre-tax income.
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VA Loan Eligibility for Public Health Service & NOAA OfficersJust like veterans and military members families are eligible for a VA home loan, the U.S. Public Health Service and the National Oceanic and Atmospheric Administration are also qualified, meaning they can secure $0 down payment mortgage.
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VA Loans & Flood Insurance
Having flood insurance can save you from severe financial devastation. VA lenders typically require you to purchase a separate flood insurance policy before closing on your home loan.
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A Military Spouse's Guide to VA LoansMilitary spouses often play key roles in the homebuying process. Here we take a deep dive into what spouses can expect and how to be better prepared for your homebuying journey.
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A Detailed Look at the VA Funding Fee: What's it Cost and Who's ExemptThe VA funding fee is a government fee applied to many VA purchase and refinance loans. Here we take a deep dive into why this fee exists, how much it costs and who is exempt from paying.
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Explaining VA Lender OverlaysMany first-time homebuyers are surprised to learn there isn't one uniform set of guidelines and requirements for a VA home loan.
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How to Get a VA Energy Efficient Mortgage (EEM)Energy Efficient Mortgages are an excellent option for those looking to invest in upgrades that can save you money in the long run. EEM homes can provide increased protection against heat, cold, pollution, and moisture, and are also great at reducing your carbon footprint.
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How to Get a VA Funding Fee RefundIt is possible to receive a refund on the VA funding fee. Borrowers may be eligible for a refund if awarded VA compensation for a service-connected disability - bearing the effective date of the VA compensation is retroactive before the VA loan closing.
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Getting a VA Loan After BankruptcyQualifying for a VA loan after bankruptcy is certainly possible, often in a shorter period than you would with a conventional loan.
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What VA Buyers Need to Know About Biweekly Mortgage PaymentsMaking biweekly mortgage payments can be an easy way for VA homebuyers to pay off the loan faster, reduce interest charges, and build equity.
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Counting Income and Allowances for Active Military, Guard & ReserveEach year, most VA loans are made to veterans. However, active duty service members and those still serving in the National Guard and Reserves can absolutely look to use their VA home loan benefits.
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VA Construction Loans: How to Build a Home with a VA LoanBuilding your dream home is a possibility with a VA home loan. But it isn’t always an easy road. Here we take a deep dive into VA construction loans and how you can build a home with a VA loan.
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Amid a Pandemic, VA Loans Are Quietly Having a Record YearVeterans are turning to their home loan benefit in never-before-seen numbers, driven by rock-bottom interest rates and a surge in refinance interest.
