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 | Oct 5, 2022 | Financial, Home Loan, Residual Income, The VA Home Loan
How Your Child Can Affect Your VA Loan Did you know your child can affect your VA loan? The VA loan has a few requirements specified by the U.S. Department of Veterans Affairs regarding childcare, child support, and residual income that are unique to this type of...
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 28, 2022 | Education, Home Buying, The VA Home Loan, VA Loan, VA Loan Benefit
VA Loan Benefit Limits and Use How Many Times Can I Use My VA Loan Benefit? The VA loan benefit is a lifetime guarantee. This means that for qualifying Veterans, servicemembers, and surviving spouses, there is no limit on how many times you can use the VA loan...
by VLC Staff | Mar 24, 2022 | Education, IRRRL, Refinance, The VA Home Loan, VA Loan
What is a VA Interest Rate Reduction Refinance Loan (IRRRL)? A VA-backed Interest Rate Reduction Refinance Loan (IRRRL) is a refinance loan for qualifying Veterans and Service Members who already have a VA-backed home loan and are interested in reducing their monthly...
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...
