VA Loan Basics - Page 2
Page 2 of 5 - VA Loan Basics Article Archives - VA Loans Insider
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Explaining Manual Underwriting on VA Loans
Sometimes lenders will need to do a closer inspection of your finances to verify you can handle the responsibility of a mortgage. This is called Manual Underwriting, and it does differ from the standard underwriting process.
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Loan Limit Lingo: There's Actually No Maximum Amount on a VA LoanVA Loan limits act more as a guide more than a restriction on the amount of money you can borrow. Keep reading to get a better understanding on how VA Loan limits work.
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Will Your Commute Drive Down Your VA Loan Purchasing Power?Commuting into work is a common reality for many military homebuyers. However, racking up the miles on your car can affect your purchasing power and your VA loan process.
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VA Loans for Land: Can You Use Your VA Benefits to Purchase Acreage?At the end of the day, you can use a VA loan to purchase land, but it will come with some strict stipulations. Learn about these requirements and how you can purchase land with a VA loan.
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A Closer Look at a Key VA Loan Benefit: Avoiding PMIPrivate mortgage insurance (PMI) is typically required for conventional financing. Even FHA has their own version of PMI. Let’s take a look at how VA borrowers avoid this additional cost.
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VA Rehab and Renovation Loans: Borrowing More than a Home is Worth
VA rehab and renovation loans are the VA's answer to an aging housing market in the United States. Here we dive into this unique loan type and the potential downsides accompanying them.
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Top 30 Cities for VA Loan Usage in FY 2019More than 624,000 veterans and service members utilized their VA home loan benefits in Fiscal Year 2019. See which of the nation's cities lead the way in VA loan usage. -
Here's How Your Disability Rating Affects Your VA Home Loan BenefitYour 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.
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VA Loan Pros and ConsAs with any mortgage option, VA loans have pros and cons that you should be aware of before making a final decision. Let's take a closer look.
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28 Must-Read VA Loan Tips to Help You Land Your Dream HomeUsing your VA loan benefits to purchase a home is exciting, but if you are new to the process you may need some pointers along the way.
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Here's the Easiest Way to Have a Seller Pay Your Closing CostsTypical VA loan closing costs can vary, but with a good offer and VA appraisal, sellers may be able to pay them all without sacrificing their bottom line. -
How to Start the VA Home Loan ProcessDeciding where to start the homebuying and VA mortgage loan process is a key first step in a rewarding journey. -
Closing Costs v. Concessions on a VA Home LoanSellers can pay all of a VA borrowers closing costs, but there is a 4 percent cap on seller concessions. Know the difference between VA home loan closing costs and concessions and where the VA funding fee fits in.
