Home Purchase Archive

Showing 1 - 5 of 62 articles

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

Getting Approval for a VA Loan

Discussing business

When exploring your VA home loan option, there are several important moving parts. First, your eligibility for the VA home loan must be determined evidenced by your certificate of eligibility, obtained from the VA. You must also have established a credit history and provide your VA lender with a credit report that shows you have the minimum credit score needed to qualify for a VA loan. You will also provide proof you can afford the new monthl... more

Options for Missed VA Loan Payments

Department of Veterans Affairs flag

Most of us are familiar with the VA loan, which offers great terms and benefits for past and present members of the military. The loan doesn’t require a down payment, doesn’t tack on mortgage insurance and keeps closing costs low. There are many other benefits too, and it’s a great resource for members of the military who want to purchase a home. What’s discussed less frequently are the steps that homeowners should take when they h... more

The VA Adjustable Rate Mortgage Program

Home loan signature line.

When first deciding on the type of VA loan, the initial decision is likely to select a fixed rate or an adjustable rate loan, or ARM. There are some basic questions that need to be answered when deciding between the two and still sometimes even when those questions are answered it's still almost a toss-up. The Federal Reserve's Quantitative Easing program combined with a rather tepid economy has helped keep interest rates as low as they a... more

VA Home Loan Assistance, Plus Charity

Grant Moon of VA Loan Captain

With the current state of the economy, it's become more difficult to get that first home loan, or qualify for a home loan in general. One company that's helping veterans with loan needs is First Choice Bank, which has partnered up with VA Loan Captain on a new program which offers a specialized mortgage team dedicated to veterans, coupled with a charitable giving program that focuses exclusively on veterans (for more details, see the bottom of... more

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