by VLC Staff | Jul 6, 2022 | VA Loan, VA Loan Assumption
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...
by VLC Staff | Jun 30, 2022 | VA Loan
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,...
by VLC Staff | Jun 21, 2022 | VA Loan, VA Loan 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...
by VLC Staff | Jun 16, 2022 | VA Loan
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...
by VLC Staff | Jun 2, 2022 | FHA Loan
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...
