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...
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 | May 5, 2022 | Education, Financial, First-Time Homebuyers, Home Buying, Home Loan, Housing Market, Mortgage, Mortgage Loan, VA Loan
How to Shop for Different Mortgage Lenders You have been planning and saving for this moment for months, maybe years. It’s time to start shopping different mortgage lenders and finally get pre-approved for a home loan. But wait. How do you actually shop different...
