Call 800.537.2050 to Speak with VA Home Loan Expert Today

Category Archives for Uncategorized

Why Will So Few Lenders Finance New Construction?

“New construction loans are one of the first things that go away when the mortgage crisis hit”. Building a new house is a difficult thing to do in this day and age and there is a fairly simple reason for this. In today’s market, all loans that lenders do they want to be insured. Whether Read the full article…

Leave a comment

What’s a “No Closing Cost” Loan and Is It Truly No Cost?

Chances are you have seen a commercial that is advertising “no closing cost loans” for homes. This probably sounds like a good deal to many; perhaps it sounds like too good of a deal. “There truly is no such thing as a ‘no closing cost’ loan”. The tricky wording in advertisements can give the illusion Read the full article…

Also posted in VA Loan Spot Tips | Leave a comment

VA Loan Funding Fee: Everything you need to know in 2017

Estimated Reading Time: 5 Minutes In today’s market, VA home loans are amongst the most attractive mortgage types out there. If you’re a qualifying veteran you can enjoy very low-interest rates and never have to pay mortgage insurance. These are very generous benefits, but it is a common misconception that taxpayer dollars support the VA Read the full article…

Leave a comment

What is a Home Loan Contract Contingency?

    What is a Home Loan Contract Contingency? Home loan contract contingencies serve to protect both parties, the sellers and buyers, in the home buying process. This contingency allows for either party to back out of the home contract if something does not go according to plan. Examples of contract contingencies for buyers For Read the full article…

Also posted in VA Loan Spot Tips | Leave a comment

Shopping For VA Loan Lenders

Shopping around for a the right VA lender is always a good thing. It is crucial that this searching is completed within the 90-day window, or your shopping will begin to effect your credit score. Finding the perfect lender to answer all your VA home loan questions can be some task, but below are some great Read the full article…

Leave a comment

What is the VA Appraisal Process?

The VA appraisal process is actually very streamline and efficient. Because of the mortgage fall back in 2008, no lender on any loan program is allowed to pick the appraiser for a particular property. Even if you have no control over the exact appraiser, an appraisal is required for any veteran wanting a VA home loan. What Read the full article…

Leave a comment

Does Budget Matter When Getting a VA Home Loan?

Forecasting your expected income and expenditures is important when a new home is in your future. Those applying for a VA home loan should pay special attention to their budgets because it is up to them to figure out if they are ready to spend more on housing. Who Makes the Budget? Lenders don’t actually have access Read the full article…

Leave a comment

Should My Agent Specialize in VA Loans?

Having an real estate agent that understands the VA loan process is crucial. This is because there is a difference between using a conventional loan, FHA loan, a USDA loan as compared to a VA home loan. There are actually some additional bonuses to purchasing a new home with a VA home loan, and an agent who understands these Read the full article…

Leave a comment

Is There a Credit Score Requirement for a VA Loan?

Keeping track of your finances and getting in the habit of paying bills on time can set you up for a good future. These simple tasks can really effect your credit score and ultimately your loan eligibility. Your credit score is important when applying for a VA home loan. A credit score is basically the Read the full article…

Leave a comment

Is a VA Loan a One-Time Benefit?

Many people think that they can only use their VA benefits once, but the truth is you have them for as long as you live. Many people also believe that if they received a VA loan 5, 10, 15 years ago they can’t apply for another one. That is also untrue. Your VA benefits are Read the full article…

Leave a comment