VA Loan Blog

You can’t beat today’s market for home interest rates!  They’re almost the lowest in the history of home loans.  Take advantage of the downslide because once the market recovers there’s no going back.  Now’s the best time to save hundreds of dollars a month on your mortgage using a VA Streamline loan.  

VA streamline loan is an existing VA loan that is refinanced for a lower interest rate.  Up until the beginning of this year VA loans did not require an appraisal or minimum credit score.  You also were not charged closing costs.  Since the new VA loan guidelines match major lenders it’s a little harder to get VA loans.  By getting one now when interest rates are at an all time low you can save big bucks by refinancing your loan. 

To qualify for VA Streamline refinance you need a Click here to continue reading

Don’t make the same mistakes many veterans and active military members do when choosing a home lender.  It can cost you thousands of dollars extra! The key is to research all available options and lenders before you sign on the dotted line for your VA home.

The most common mistake many military personnel make is not following the guidelines for a VA home loan.  It can cost more in high interest rates, seller fees, and even down payments.  Do your research first!

First, don’t go to the first lender your realtor recommends.  Use a little logic and find a lender that has the lowest interest rate, easy paper work, and one that’s willing to work with you.  By choosing the lender your realtor suggests may cost you hundreds of dollars extra.  Although, they might not get a money pay off, they do get other compensations from the

Save thousands of dollars a month when you get a loan or refinance your home loan through the Veteran Administration (VA).  Because the interest rates on loans are the lowest they have ever been, now’s the best time to refinance your VA loan.  For that matter, now’s the best time to get a VA loan for that new home you’ve always wanted. 

The US military has always taken care of the men and women who help protect the country.  They provide a low cost of living while in service plus they can help when military personnel go out into the civilian world.  The civilian world can be a great shock to military man and women especially when it comes to buying a house and the cost of living.  

Most mortgage lenders don’t care if you’re fighting overseas or living on a fixed income, they just want their money

If you were one of the few who got a VA mortgage a couple of years ago with no problems you’ll find it’s getting harder to get one these days. Even if you just want to refinance your home with a VA loan, they’re tightening the requirement.

Earlier this year VA mortgage loans started following the nation’s major lenders in limiting the conditions to get a mortgage. You’ll still get a no down payment if you have a credit score of 610 or more but if it’s lower you won’t get a loan through the Department of Veterans Affairs (VA). You’ll have to spend a couple of months building your credit before you can get a loan.

About two years ago major lenders started limiting the conditions for getting a loan.

VA loans for veterans are better than ever with the fluctuating housing market. With the low interest rates and other benefits to qualify borrowers, a VA home loan can get you into your dream home.

If you’re a member of the military then there are loans available for you. If you’re a veteran or an active member of the military, now’s the best time to apply for a home loan through the VA.   The numerous benefits will allow you to take advantage of the housing market.

Men and women who served in the military have access to financing not normally accredited to the general public. Veterans looking for houses to buy can save mass amounts of money using a VA loan to finance the purchase of a home.   There are a lot of advantages for veteran wanting to buy a house.

The main advantage isClick here to continue reading

VA guidelines are simple. Do it their way or else!  Just kidding.  Once you understand the VA guidelines for a loan of any type, everything will fall into place. But if you don’t follow their guidelines then it can almost stop the process.  Isn’t it better to know before hand?   Read on…

The Veterans Administration or VA as some call it, is a guarantor.  That means they will repay your loan if you don’t. They do this the same way banks do it with FDIC. FDIC is the guarantor for banks when you put your money in them.  If something happens to the bank then you can still get your money because FDIC will cover all losses.

The VA is the same way.  If you don’t repay the loan then the VA will pick up the tab but you lose the house or whatever you spent the money