VA Loan Basics - Page 2
Page 2 of 5 - VA Loan Basics Article Archives - VA Loans Insider
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VA Loans & Homeowners InsuranceHaving homeowners insurance on your property isn’t just a good bet. VA lenders will require you to have sufficient homeowners insurance in place before you can close on a loan.
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VA Loans and Investment PropertyUsing your VA home loan benefit for an investment property is an attractive option for many buyers. However, there are a few key considerations to understand at the outset when it comes to multiunit properties.
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Non-Allowable Fees on VA Home LoansClosing costs are always part of the mortgage equation. But one of the big benefits of VA loans is that they limit what veterans and military members can pay in closing costs.
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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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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.
