VA Loans Archive

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Veterans Give Top Reasons For Not Using VA Loan

Veterans Give Top Reasons For Not Using VA Loan

A new VA loan survey provides insight about the reasons why some Veterans don’t use their VA loan benefits. The research suggests that some of their views may be influenced by common misperceptions. A recent survey conducted by iFreedom Direct® focused on the Department of Veterans Affairs home loan program. The top-ranked VA lender surveyed 302 people in a group of hopeful future homebuyers that included only service members, Veterans and sp... more

Starting the Loan Application Process

Home loan signature line.

Now that you've determined that you are eligible (if you aren't sure, please check your VA loan eligibility), you can begin the loan application process. This process involves six important steps: finding a VA-approved lender, pre-qualifying for a loan, selecting your home, drawing up the purchase contract, getting the property appraised by the VA, and finalizing the loan. To obtain a VA loan, it is important to note that the law requires tha... more

IRRRL Facts for Veterans

Housing finance options and information

IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a "Streamline" or a "VA to VA." Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from an existing VA ARM loan to a fixed rate, the interest rate may increase. No appraisal or credit underwriting package is required by VA. You should be aware, however... more

Using Your VA Home Loans to Buy Foreclosed Homes

Housing finance options and information

VA loans can be used to purchase foreclosed properties as long as the VA guidelines are met. Foreclosures are controlled by the servicer of the loan and are usually sold in two different ways. In most cases, a foreclosed property will first be offered through auction by the county sheriff to the highest bidder. If the home fails to sell to a third party at auction, then the home may be acquired by the lender and then made available through typ... more

VA Loans for Reservists and National Guard Members

Army National Guard 600x400

A VA loan is an incredible benefit for veterans or active duty service members. Unfortunately, many people who are eligible to receive this benefit aren’t aware they qualify, and most of those who aren’t aware are found in the Reserve and National Guard. Reservists and National Guard members are entitled to the same VA loan benefits as those in regular military service, with slight exception. It’s important to help these servicemen and women ... more

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1 June 2015 Military Pay

The next regular, active duty military pay day is Monday, 1 June 2015.  Monday paydays can be really confusing if you have your military pay deposited into a bank or credit union that offers early direct deposit of military pay.  Just to switch things up, this payday I’ll list the option in order of when […]

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