Qualifying for a loan and being eligible for the VA Loan are two different things. If you want to use your VA Loan entitlement, you will need to provide and get documentation. But the process for each is different even…
The VA Loan allows Veterans, service members, military Reservists, National Guard members, and some military spouses to purchase a home without a down payment. This 0% down payment home loan is a huge benefit available to those who are eligible.…
Using your VA Loan benefit is something that many service members and Veterans do when purchasing a home. In addition to being a guaranteed loan backed by the Department of Veterans Affairs for the lender, what are the benefits for…
The VA Loan is a great benefit for military members, Veterans, military Reservists, National Guard members, and some spouses. It is backed by the Department of Veterans Affairs and allows those eligible to purchase a home without requiring a down…
The VA Loan benefit is available for active duty military members, Veterans, military Reservists, and National Guard members who served for the minimum required time to be eligible. This varies based on when they served but is typically between 90…
When using the VA Loan, borrowers are not required to put any money down as a down payment. This means that the loan covers 100% of the cost of the home, including any closing costs or fees that you are…
Just like in any loan application process, there is a chance that your VA Loan will not get approved. There are a few factors that can impact this, including your financial situation and the home that you intend to purchase.…
To use your VA Loan eligibility, you will need to provide paperwork to the Department of Veterans Affairs as well as your lender. The Department of Veterans Affairs is in charge of administering the VA Loan program and determining who…
Yes, you will need to pay back your VA Loan. Just like any home mortgage, you will need to make monthly payments to your lender. These include principal, interest, taxes, and insurance. The principal amount goes toward the outstanding balance…
The VA Loan is a mortgage backed by the Department of Veterans Affairs. While a conventional mortgage goes directly through the lender, who approves you based on income, credit, and other factors, the VA Loan has added protection for the…
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