VA Loans Archive

Showing 1 - 5 of 205 articles

Updated: VA Loan Limits for High-cost Counties

gray home

Updated for 2015: VA Loan Limits for High-cost Counties The VA loan guaranty program does not impose a maximum amount that an eligible veteran may borrow using a VA loan but limits the maximum guaranty amount to $417,000 for 2015. However, if you live in one of the following counties listed below, follow the data on the chart to determine the VA's maximum guaranty amount for a particular county. These limits apply to all loans closed January ... more

2015 VA Loan Limits: What Do They Mean for You?

This in-depth look at the VA's annual list of loan limits, along with our easy-to-read loan limits map, will help home buyers determine how large of a $0-down-payment mortgage may be possible. The 2015 VA loan limits have been released. On December 9, 2014, the Department of Veterans Affairs announced that the VA's loan limits would be the same as FHFA conforming loan limits. The limit for most areas where VA loans are available is $417,000.... more

Can You Borrow More Than Your Home is Worth?

Green house in hands.

How much can you borrow using your VA home loan benefit? That question is answered both by how much your monthly payments will be compared to how much you make each month along with your entitlement amount and loan limits for the area. But when you do find out how much you can qualify for you also have the benefit of putting no money down, something you can’t do with FHA and conventional loan programs. If the sales price on your home is $200,0... more

Money Saving Tips for VA Home Loans

Purchasing a home with VA Loan

The VA home loan is most famous for requiring no down payment from those who qualify for the program. Conventional loans underwritten to Fannie Mae or Freddie Mac guidelines require the loan amount to be at least 80 percent of the sales price of the home to avoid private mortgage insurance and higher interest rates. That means a $300,000 home loan using a conventional loan will ask for a 20 percent down payment of $60,000. Yet even though the... more

Step-by-Step to a VA Loan: #3 Prequalifying

6 Easy Steps to a VA Loan

Following 6 easy steps to a VA home loan can help make the process go more smoothly. Learn the DO’S and DON’TS of the optional third step: Prequalifying. VA Loan Prequalifying is one of the first steps a borrower may choose to take after they have connected with a VA-approved lender. Prequalification is an initial assessment of the borrower’s ability to qualify for a loan based on preliminary information about income, debt and credit. Prequal... more

Connect
Get the

Money Matters

Sign-up
Newsletter
headerPaycheckChronicles

Paycheck Chronicles

Don’t Buy Magazines at the Store

How many magazines does your family like to read?  How many do you get, but they just stack up in the corner, unread?  Changing the way you buy magazines can result in a huge savings on your reading bill. There are two separate issues here…getting magazines that you don’t read, and buying them at the […]

© 2014 Military Advantage