VA Loans Archive

Showing 1 - 5 of 210 articles

Why Some Veterans aren't Using VA Backed Loans

Discussing finances

If you're looking for proof of the success of VA loans, know that there are 22 million veterans in the United States, and 21 million VA home loans. Furthermore, in the past few years total VA home loan use has jumped from $24 billion to $124 billion. There are many benefits to using VA-backed loans including lower interest rates, acceptance of lower credit scores, and they don't require private mortgage insurance. But why do some veteran... more

Get the FAQs on VA Home Loans

house for sale sign

Why get a VA loan over other types? Simply put, a VA Home loan allows qualified buyers the opportunity to purchase a home with no down payment. Also, there are no monthly mortgage insurance premiums to pay, limitations on buyer's closing costs, and an appraisal that informs the buyer of the property value. For most loans on new houses, construction is inspected at appropriate stages and a one year warranty is required from the builder. VA al... more

2015 VA Loan Limits Map

Housing finance options and information

If you've been planning on using a loan backed by the U.S. Department of Veterans Affairs, it's important to know that VA loan limits have decreased in some areas of the country. Don't fret: all signs point towards the decreases having a negligible impact on the majority of veteran borrowers. However, if you're a veteran and have been following a specific financial plan to afford a home, it's important to know exactly what the limits are... more

5 VA Loan Myths Dispelled

House dreams

Discussion about common disbeliefs further demonstrates that zero-down, VA-backed mortgages are hard to beat. Dismiss VA home loan myths about the federally-backed, zero down loan program. Myth #1 – VA purchase loans are not for short-sale or foreclosed real estate Myth #2 – Surviving spouses don’t qualify for VA mortgages  Myth #3 – Military members deployed overseas can’t get a VA-guaranteed loan. Myth #4 – All realtors are good VA hom... more

2015 VA Loan-Limit Rollbacks May Have Minimal Impact

Home loan signature line.

Many returning veterans rely on loans backed by the U.S. Department of Veteran Affairs to purchase homes. There are many advantages to VA loans, and one of the biggest is that down payments are not required. However, VA has set limits on how much of a home's value they'll back. Veterans who purchase homes that cost more than the limit for a given area will need to put down a percentage of the difference. These limits have always been fair... more

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MCRMC Wants To Change Retirement

Well, the long-awaited Report of the Military Compensation and Retirement Modernization Commission (MCRMC)  was released yesterday, and it has a lot of interesting stuff in it.  Amy Bushatz is hitting the basics, but I am going to go a little more in-depth in to the retirement aspect here.  Because that’s my thing.  (I’ll also be […]

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