VA Loans Archive

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Multiple VA loans for Homeowners with PCS Orders

VA Home Loans

If you are a service member, chances are high that springtime means relocation. Thanks to Permanent Change of Station orders, military families move on an average of every two to three years. That's 2.4 times more than civilian families. Military families who currently own a home financed by a VA loan often scramble to sell in order use their VA loan benefits again in their new location. But the truth is that, under the right circumstances, b... more

Earnest Money Deposits and VA Loans

If you read a sales contract carefully, and you should if you haven’t, you’ll soon realize it’s pretty serious. Various responsibilities are assigned all parties signing the contract including when the buyers must have their loan fully approved, the seller must provide an existing survey or abstract and who will pay for certain closing costs among a host of other instructions. The sales price gets the most attention and rightfully so because ... more

Step-by-Step to a VA Loan: #2 Obtain Your COE

6 Easy Steps to a VA Loan

Following 6 easy steps to a VA mortgage can prevent slipups and delays. Learn the DOS and DON’TS of the second step: obtaining your COE. COE (see-oh-e) stands for Certificate of Eligibility. It’s a document generated by the Department of Veterans Affairs that tells your VA-approved lender if you meet certain requirements for home loan benefits based on your military service. It also contains important information that can help your loan offic... more

Using a VA Loan with Power of Attorney

Sometimes the timing just isn’t quite right. You make plans and life says otherwise and you find out that what you had intended to happen had to make some adjustments along the way. To help prepare for the unexpected, a power of attorney document allows veterans and service members to have another individual sign legal documents on their behalf while away. This can be from a deployment or in the process of a harried PCS. However it is, the pow... more

Can You Borrow More Than Your Home is Worth?

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

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Paycheck Chronicles

31 October 2014 Military Pay

The next regular, active duty military payday is Friday, 31 October 2014 because 1 November 2014 falls on a Saturday.  When will you actually get paid?  That depends on your bank, its policies, and some other variables.   Most banks and credit unions deposit active duty military pay on the actual payday.  However, some companies offer early direct deposit as a […]

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