by VLC Staff | Aug 3, 2022 | VA Loan, VA Loan Rental Property
VA Loan Rental Property Requirements Qualifying military veterans and servicemembers are entitled to use the VA loan benefit to purchase a home, as long as they meet the fundamental VA and mortgage lender requirements. If you are a qualifying military veteran and...
by VLC Staff | Jul 29, 2022 | VA Loan
VA vs FHA Loans Government-backed loans are designed to make housing more affordable and attainable to more people. But not all government-backed loans are created equal. While VA and FHA home loans are both government-backed loans, there are some pretty important...
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...
