by VLC Staff | Jan 1, 2023 | Education, Financial, Military & Vets, The VA Home Loan, VA Loan
VA Loan Limits and VA Entitlement for 2023 If you’re considering purchasing a home using a VA loan this year, you are probably wondering what the VA loan limits for 2023 are. Here is what you need to know about VA loan limits in 2023 and how this will affect...
by VLC Staff | Apr 28, 2022 | DD214 Form, Education, Financial, Home Buying, Military & Vets, The VA Home Loan, VA Loan, VA Loan Benefit, VA Loan Requirements
DD Form 214 and Why You Need it For a VA Loan What is a DD214? The DD Form 214 or “DD 214” is a veteran’s Certificate of Release or Discharge from Active Duty. This document is issued by the United States Department of Defense and is distributed upon retirement,...
by VLC Staff | Mar 21, 2022 | Education, Home Buying, Home Loan, Military & Vets, The VA Home Loan, VA Funding Fee, VA Loan, VA Loan Requirements
How Much is the VA Loan Funding Fee? What is the VA Funding Fee? The VA funding fee is a one-time payment that can be paid upfront by the borrower upon purchasing their home with a VA-backed loan. This fee can also be rolled into the mortgage. This funding fee applies...
by VLC Staff | Mar 17, 2022 | Education, Military & Vets, The VA Home Loan, VA Loan, VA Loan Requirements
How to Get a VA Certificate of Eligibility A VA Certificate of Eligibility from the Department of Veterans Affairs is necessary to be approved for a VA home loan. A COE essentially demonstrates to your lender that you meet all of the VA’s qualifications based on your...
by VLC Staff | Mar 3, 2022 | Education, Financial, Home Buying, Home Loan, Military & Vets, Mortgage Loan, The VA Home Loan
What is a VA Loan? A VA loan is a mortgage issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs. This type of loan has no down payment requirement, competitively low-interest rates, limited closing costs, and no need for Private Mortgage...
by VLC Staff | Feb 28, 2022 | Debt-to-Income, Financial, Home Buying, Military & Vets, The VA Home Loan
How Debt-to-Income Ratio Affects Your Mortgage What is DTI? DTI stands for “debt-to-income” and refers to the ratio of your monthly debt payments over your monthly gross income. Essentially, DTI compares your overall debt to your overall income. This calculation is...
