by VLC Staff | Jul 20, 2022 | First-Time Homebuyers
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...
by VLC Staff | Jul 13, 2022 | VA Loan, VA Loan Benefit
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...
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...
