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 31, 2022 | Cash-Out Refinance, Education, Financial, VA Loan
VA Cash-Out Refinance Definition and Guidelines What is a VA Cash-Out Refinance Loan? A VA cash-out refinance loan is very similar to a conventional cash-out refinance loan. A VA cash-out refinance is a VA-backed loan that replaces your original home loan with a...
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...
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...
