How does a VA home loan work? With the promise of appealing terms, competitive interest rates, and no down payment, it’s easy to understand why prospective buyers would find VA home loans intriguing, but these mortgages aren’t for everyone. Would a VA loan be a smart option for you? [Read more…]
Backed by the U.S. Department of Veterans Affairs and issued by private lenders, VA loans have allowed scores of aspiring homeowners to purchase their dream homes. Is a VA loan an option for you? Learning about VA home loan requirements is the first step in discovering whether or not this type of mortgage is right for you. [Read more…]
You have Permanent Change of Station (PCS) orders. You also have a home purchased with a VA loan. This isn’t a particularly unusual situation, but it does mean that you need to make some decisions. What are your options when you’re undergoing a PCS with a VA loan? [Read more…]
When it comes to securing a mortgage, your credit history matters. Borrowers with excellent credit can expect to be offered more options and better terms, but you aren’t necessarily out of luck if your credit is less than stellar. Are you eligible for a VA loan? If so, exploring how to get a VA loan with bad credit should definitely be on your list of things to do. Because this type of loan is guaranteed in part by the U.S. Department of Veterans Affairs, VA loans generally come with favorable terms and more forgiving standards. [Read more…]
You’ve just received your Permanent Change of Station (PCS) orders. What do you do now? Moving is always an adventure, and it’s one that members of the military tend to embark on frequently. To increase the odds that your next adventure runs smoothly, it’s time to think about the things to do to prepare for a PCS move. [Read more…]
Many veterans are aware that their service earns them an entitlement that opens the door to securing a home loan backed by the U.S. Department of Veterans Affairs (VA). However, the existence of a second-tier entitlement isn’t as widely known. This additional entitlement can strengthen your purchasing power and expand your options, so it is definitely worth exploring. [Read more…]
If you are looking to buy or refinance a home, you will need to contemplate your loan options. Although some people watch the market to try and borrow when rates are low, many overlook one important quality that could help them save big: being an active-duty member of the U.S. military or a veteran. If you are or were a member of the armed forces, then you’re in luck. Interest rates for VA loans are amongst the lowest on the market (for the full eligibility requirements for VA loans, please click here). Plus, VA loans offer a host of other benefits. Once you see how the interest rates for VA loans compare to other mortgages, you might wonder why you haven’t looked into them sooner!
Offered through the U.S. Department of Veterans Affairs (VA), VA loans are an appealing option for many prospective homebuyers. Because the VA stands behind these loans, they tend to come with attractive terms. In fact, securing this form of financing can free you from the worry of amassing a down payment or paying private mortgage insurance. It could also help you enjoy lower interest rates, resulting in substantial financial savings over the lifetime of the loan. So if you believe you may be eligible for this type of mortgage, we encourage you to learn how to qualify for a VA loan before you purchase your next home.
The military has a language all its own, and abbreviations and acronyms are common. What does PCS mean in the army? If someone tells you that you need to get ready for a PCS, it means that you’ve received Permanent Change of Station (PCS) orders, and you need to prepare to relocate. There’s a lot to think about. You’ll need to prep for the move. You’ll also have to figure out what to do with your current residence, and this can be especially challenging if you’re a homeowner or hoping to become a homeowner. [Read more…]
One of the most useful benefits of the military, a VA home loan offers a fantastic opportunity for eligible active-duty service members and veterans who are ready to become homeowners. Because the Department of Veterans Affairs guarantees VA loans, they lack down payment requirements and have lower interest rates than many other types of mortgages. For these reasons and more, they’re very popular amongst qualified military families. So if you’re a service member or veteran interested in buying or refinancing your home, we encourage you to learn how to apply for a VA loan. This favorable financing option could make your dream home a reality.