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It’s easy to understand the appeal of a home loan that offers up to 100-percent financing, relaxed qualification standards, and competitive interest rates. If you’re an aspiring homeowner who has heard about the advantages of mortgages provided by the home loans program of the U.S. Department of Veterans Affairs (VA),  it’s only natural to ask: What are the requirements to qualify for a VA loan? After all, uncovering the answer to that question might be what helps you move from renting to owning the home of your dreams. [Read more…] about What Are the Requirements to Qualify for a VA Loan?

If you’re hoping to use a VA loan to fund the purchase of land, you may be asking a simple question: Are there VA loans for land? Sadly, the answer to that query isn’t so simple. In fact, the short answer is no, but the longer answer is yes. Talk about mixed messages! Fortunately, the advantageous nature of VA loans means that it is well worth taking the time needed to dig a little deeper and figure out how you might be able to use a VA loan to fund a land purchase. [Read more…] about Are There VA Loans for Land?

If you’re looking for a tricky (if somewhat unusual) tongue twister, saying VA interest rate reduction refinance loan five times fast can certainly be a challenge. However, if you’re really interested in getting a better deal on your monthly mortgage payment, then you might be better served by slowing things down and taking a closer look at the ins and outs of this version of the VA loan. [Read more…] about The VA Interest Rate Reduction Refinance Loan

You’ve heard about the fantastic terms associated with the mortgages offered by the home program of the U.S. Department of Veterans Affairs (VA), but you have your heart set on using an adjustable rate loan. Fortunately, you don’t have to choose between the two. VA adjustable rate mortgages are available. [Read more…] about VA Adjustable Rate Mortgages

Government-sponsored enterprise mortgages are home loans backed by the federal government. As PocketSense explains, that backing encourages financial institutions to offer competitive terms to borrowers and helps to make home loans available to those eager to buy. The U.S. Department of Agriculture (USDA) and the U.S. Department of Veterans Affairs (VA) are among the government agencies with home loan programs, and their programs are both popular options among homebuyers. If you’re weighing the matter of a USDA vs. VA loan, how do you decide which is best? [Read more…] about USDA vs. VA Loan

After learning that VA loans offer competitive interest rates and favorable loan terms, and that they don’t require down payments or mortgage insurance, you’ve decided that this form of financing is the perfect fit for your homebuying plans. Unfortunately, you’re not having much luck finding a house that you actually want to buy. That raises an interesting question: Can VA loans be used to build a house? [Read more…] about Can VA Loans Be Used to Build a House?

VA loans are a product of the U.S. Department of Veterans Affairs’ home loan program, which puts the word “veteran” front and center any time that these loans are discussed. It’s also generally acknowledged that VA loans offer fantastic terms for borrowers, but they are only available to a select group. For many would-be borrowers who are trying to decide what form of financing will help them reach their housing goals, this naturally leads to a simple question: Are VA loans only for veterans? [Read more…] about Are VA Loans Only for Veterans?

Would-be homebuyers figure out pretty quickly that there are strict requirements for borrowers using the home loan program of the U.S. Department of Veterans Affairs (VA). A closer look reveals that the properties also have to meet certain standards, so anyone planning to use a VA loan to purchase their next home might want to take a few minutes to read over the VA appraisal requirements before they start home shopping. [Read more…] about VA Appraisal Requirements

What is my VA loan entitlement amount? If you are contemplating buying a home with a VA loan, that’s certainly a relevant question. However, recent changes mean that you might need to ask a few more questions to find out what the answer really means for your real estate prospects. [Read more…] about What Is My VA Loan Entitlement Amount?