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...
by VLC Staff | Feb 17, 2022 | Financial, First-Time Homebuyers, Home Buying, Home Loan, The VA Home Loan, VA Loan
Can I Buy a Home With No Down Payment? The greatest barrier to purchasing a home for first-time homebuyers is the down payment. Many prospective first-time homebuyers qualify for a home loan but do not have the funds to set aside for a down payment. With inflation...
by VLC Staff | Feb 3, 2022 | The VA Home Loan
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...
by VLC Staff | Jan 31, 2022 | Education, Home Buying, Home Loan, The VA Home Loan
How to Qualify For a VA Loan What is a VA Loan? A VA loan is a mortgage provided by the U.S. Department of Veterans Affairs program. It is available to active and veteran military service personnel and their surviving spouses. While VA loans are issued by private...
by VLC Staff | Jan 27, 2022 | Home Buying, Home Loan, Mortgage Refinance, The VA Home Loan
Are You Eligible for a VA Loan? Service Members You may be eligible for a VA loan if you have served in the following branches of the United States military: Army Marines Navy Air Force Coast Guard If you have served in one of the above United States military branches...
