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...
by VLC Staff | Mar 10, 2022 | Financial, Home Buying, Home Loan, The VA Home Loan, VA Loan
VA Loan Requirements for 2022 Are you considering purchasing a home in 2022? Wondering if you qualify for a VA home loan? Here are the latest VA loan guidelines, how to qualify for a VA loan, and an overview of all other VA loan requirements for 2022. Who Qualifies...
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...
