VA Loans Archive

Showing 1 - 5 of 216 articles

Using VA Loan Entitlements for the Second Time

Family standing in front of a new home.

The VA home loan benefit is one of the most valuable of all benefits issued to our service members. The program itself is based upon a qualifying veteran's initial entitlement, currently $36,000. The VA guarantees all VA loans up to four times the existing entitlement, or $144,000. For loan amounts above $144,000, the VA guarantee is one-fourth of the loan amounts up to $417,000, higher in areas deemed "high cost." When a veteran applies for ... more

Using Your VA Loan as an Investment

military family in front of house

We sometimes get asked by our loan candidates about if they can use their VA loan as an investment. While the answer to this question depends on what you consider an investment, I can share how I used my VA loan as an investment. Multi-Family Homes The VA loan can be used to purchase up to a 4-unit house so long as it is owner occupied. These homes are also known as multi-family dwellings, and can be referred to as 2, 3, or 4 family houses.... more

Multiple VA Loans for Homeowners With PCS Orders

OCONUS pcs

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

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

Purchasing a Home Priced Above the VA Loan Limits

Josh Cleghorn

Real VA Loan Stories by iFreedom Direct® Iraq War veteran turned entrepreneur wants to use his VA home loan benefits to buy a big house. But the price is higher than the VA loan limits in his area. Flying Apache helicopters together in the Ninewa Provence of Northern Iraq, Josh Cleghorn and Butch Whiting forged an unshakable brotherhood. Brought close by their shared passion for big game hunting in extreme backcountry terrain, both know that... more

Connect
Get the

Money Matters

Sign-up
Newsletter
headerPaycheckChronicles

Paycheck Chronicles

Exchange Goods Too Pricey For The Families They Serve

It’s about time for my regular, unscheduled rant about the price of the products that are carried at the military exchanges.  We’ve just come back from five years living at places with very limited exchange offerings.  Now that we’re back to full-size stores, I am disappointed with the choices available.  More importantly, I don’t see […]

© 2015 Military Advantage