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VA Loan Purchase Options

VA Loan Purchase Options

Permanent Family Residence Condo in a VA-Qualified Community Multi-Unit Property of Up to 4 Units Upgrades to Improve Energy Efficiency A Lot or Manufactured Home VA loans are known for making home purchases more affordable for veterans. But you might be surprised to...

VA vs FHA Loans

VA vs FHA Loans

Government-backed loans are designed to make housing more affordable and attainable to more people. But not all government-backed loans are created equal. While VA and FHA home loans are both government-backed loans, there are some pretty important differences between...

Are You Ready to Be a Homeowner?

Are You Ready to Be a Homeowner?

For first-time homebuyers, the prospect of purchasing a home can be daunting, especially in a housing market where home prices and mortgage rates are constantly changing and you’re not sure if now is the right time to enter the market or not. Here are some signs that indicate you are probably ready to be a homeowner.

VA Loan to Buy Land and Property

VA Loan to Buy Land and Property

There are many ways to use your VA loan benefit and one of those is to purchase land to build a home on. The VA loan benefit cannot be used to purchase land specifically for the purpose of owning land. But if you are planning to build a home on the plot of land you...

Is a VA Loan Assumable?

Is a VA Loan Assumable?

What Is An Assumable Mortgage? What does it mean to assume a mortgage? An assumable mortgage is when someone takes over the existing home loan instead of applying for a new mortgage. With an assumable mortgage, the remaining balance, mortgage rate, repayment period,...

VA Loan Condo Purchase Guidelines

VA Loan Condo Purchase Guidelines

One advantage of the VA loan is the various types of purchases you can make with a VA loan. A VA loan can be used to purchase a single-family home, manufactured home, condominium, a multi-unit property, and even a new build. However, not all types of purchases are the...

VA Loan Pest Inspection Requirements

VA Loan Pest Inspection Requirements

If you are in the process of getting approved for a VA loan, your purchase property may or may not be required to undergo an inspection for wood-destroying insects. This requirement can add a significant amount of time to the loan approval process, so it is helpful to...

Can a VA Home Loan Close in 30 Days?

Can a VA Home Loan Close in 30 Days?

On average, a traditional VA home loan purchase will take 40 to 50 days to close. It is possible to close on a VA home loan in as short a timeframe as 30 days, and VeteransLoans.com is known for having some of the shortest turnaround times in the industry. However,...

What You Need to Know About FHA Loans

What You Need to Know About FHA Loans

What is a Federal Housing Administration (FHA) loan? A Federal Housing Administration (FHA) loan is a home mortgage guaranteed by the government and funded by a private bank or mortgage lender approved by the FHA. FHA loans are designed for borrowers with lower credit...

23 Money-Saving Moving Tips

23 Money-Saving Moving Tips

You’re in the process of buying a new home. You’ve been pre-approved for a home loan, your offer has been accepted, and now it’s time to get serious about planning to move. With inflation on the rise and the extremely high cost of fuel, you need to save money on...

What Are the Most Common Mortgage Types?

What Are the Most Common Mortgage Types?

Not all mortgage loans are created equal. Before getting pre-approved for a home loan, it is important to understand the differences between the various mortgage loan products and determine which type of loan is best for you and your financial goals and needs....

DD Form 214 and Why You Need it For a VA Loan

DD Form 214 and Why You Need it For a VA Loan

If you are a qualifying veteran, service member, or surviving spouse applying for a VA loan, you will need your DD214 in order to retrieve a Certificate of Eligibility (COE). A COE verifies that you do, in fact, qualify for a VA loan. Or, if you are using your remaining VA loan entitlement, your COE will inform you and your lender how much entitlement you have already used.

How to Prepare to Buy a Home in 2022

How to Prepare to Buy a Home in 2022

Are you planning to buy a home in 2022? This year’s housing market is shaping up to be another competitive seller’s market. However, with increasing mortgage rates, the 2022 housing market will hopefully have a larger inventory compared to 2021. This is good news for...

The VA Loan Process

The VA Loan Process

The VA loan process can seem complicated, especially for someone who has never procured a VA loan before, so we explained the process in these 8 steps: Contact a VA-Approved Lender VeteransLoans.com is a VA-approved lender. You can contact a loan specialist at (888)...

Should I Buy a Home in 2022?

Should I Buy a Home in 2022?

With the rise of inflation and mortgage rates, prospective homebuyers are wondering if they should buy a home in 2022. While the landscape of the 2022 housing market will be different compared to the previous two years, 2022 could still very well be one of the best...

10 Tips for First-Time Homebuyers

10 Tips for First-Time Homebuyers

Are you a potential first-time homebuyer considering purchasing a home this year? If so, here are a few ways you can kickstart the home purchasing process and prepare to buy your first home! Prepare Your Finances for Homeownership The cost of homeownership involves...

Tips for First Time Homebuyers

Tips for First Time Homebuyers

Purchasing a home for the first time can be exciting. But the process of buying can sometimes be hard to navigate. There are quite a few steps from where you are now to the moment you’re moving in, but fear not, we’ve prepared our top tips to get you home as soon as...

Tips & Tricks When Moving With a Pet

Tips & Tricks When Moving With a Pet

Whether you’ve just found your dream home or are temporarily moving to a new house, it’s important to take precautions when moving with pets to ensure they are safe and happy at the new home. Moving is stressful and can sometimes be a challenge with animals involved,...

VA Loan Eligibility

VA Loan Eligibility

A VA loan is an earned benefit that allows eligible veterans, service members, and surviving spouses to qualify for a low-cost mortgage when looking to purchase or refinance, even with imperfect credit. Although lenders set their own standards for certain aspects of...

5 Ways to Improve Your Credit Score in 2022

5 Ways to Improve Your Credit Score in 2022

It is never too late or too early to improve your credit score. Whether you have a poor credit score, a good credit score, or little to no credit history, you can only benefit from monitoring, maintaining, and taking steps to improve your credit score. And with the...

How Debt-to-Income (DTI) Impacts Your Mortgage

How Debt-to-Income (DTI) Impacts Your Mortgage

What is Debt-to-Income Ratio? Have you ever heard someone say you should only spend 36% or less of your income on bills? The concept they are referring to is that of debt-to-income, or DTI.  Debt-to-income divides the total of all monthly debt payments by your gross...

Credit Score 101: Hard Pulls vs. Soft Pulls

Credit Score 101: Hard Pulls vs. Soft Pulls

CREDIT 101: HARD PULLS vs. SOFT PULLS Financial | Credit 101 | 5 minSummary: Today we're going to talk about credit pulls. Lenders will pull your credit score to determine your eligibility. But what's the difference between a hard pull and a soft pull? What effect do...

What is the VA Appraisal?

What is the VA Appraisal?

What is the VA Appraisal? Home Ownership | House hunting | 8 minSummary: In this article, we are going to go over the VA appraisal. We'll talk about what things the appraisal process looks like, what it looks for, and what options you have if it doesn't go as well as...

Comparison: the VA Appraisal & a Home Inspection

Comparison: the VA Appraisal & a Home Inspection

THE VA APPRAISAL AND HOME INSPECTION Home Ownership | House hunting | 8 minSummary: Home inspections and the VA appraisal are two important parts of the home buying process. But don't confuse the two - they aren't the same. In fact, while they may seem similar, there...

17 Popular Home Styles on the Market Today

17 Popular Home Styles on the Market Today

17 POPULAR HOME STYLES ON THE MARKET TODAY Home Ownership | In Design | 10 minSummary: We're going to highlight 17 popular home styles that you'll find across the U.S. We'll show you some pictures and talk about which features make them unique, too. Knowing the...

Mental Health Resources for Veterans

Mental Health Resources for Veterans

MENTAL HEALTH RESOURCES FOR VETERANS Military & Vets | ResourcesMental health is an important aspect in the lives of our Veterans and we want to do our part. We've put together a list of mental health resources for Veterans and caretakers in case they need help....

Resources for Veterans and Caretakers

Resources for Veterans and Caretakers

RESOURCES FOR VETERANS AND CARETAKERS Military & Vets | ResourcesWe've compiled a thorough list of resources available for Veterans, service members, and caregivers. There is a wide array of resources available, and we'll keep updating this list as we discover...

What is a VA Home Loan?

What is a VA Home Loan?

WHAT IS A VA HOME LOAN? The VA Home Loan | Home Loan 101 | 7 minSummary: In this article we are going to discuss some of the defining benefits of the VA Home Loan. We'll also explore some of the eligibility rules and limitations. Lastly, we'll go over the different...

Am I Eligible for a VA Home Loan?

Am I Eligible for a VA Home Loan?

AM I ELIGIBLE FOR THE VA HOME LOAN? The VA Home Loan | Home Loan 101 | 5 minSummary: In this article, we are going to go over the basic eligibility requirements for a VA Home Loan. The branch or department you served in, the length of your service, and the status of...