VA Homebuying Answers
Featured Answers
BAH and VA Loans
Basic Allowance for Housing, or BAH, is a tool that can help VA lenders gauge what kind of mortgage payment an eligible veteran can handle.
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Obtaining your Certificate of Eligibility (COE) is an important part of verifying your VA loan eligibility.
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VA home loan benefits offer unique advantages that are unlike other mortgage products on the market.
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Homebuyer Prep
VA Loan Checklist: Common Documents Needs When Applying for a VA Loan
Here we dive into the common document needs when applying for a VA loan. Keep in mind, having every document upfront isn't necessary to start the loan process, but helps keep things moving.
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VA Loan Process
How to Apply for a VA Loan and Check Your Eligibility
Applying for your Certificate of Eligibility is just one part of the larger VA home loan application process.
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VA Loan Process
VA Loan Limits for 2021
VA Loans are available up to $548,250 in most areas but can exceed $800,000 for single-family homes in high-cost counties. Loan limits don't apply to all borrowers.
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VA Loan Process
VA Loan Underwriting Guidelines
The VA loan underwriting process often raises questions from homebuyers, but the goal is simple: verify the facts, and protect all parties involved.
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VA Loan Process
Lender Appraisal Processing Program
The Lender Appraisal Program (LAPP) is a program available to lenders that have met specific requirements. A lender must be approved by the Central Office. By using an LAPP lender, a VA assigned appraiser can actually close the applicant's loan, allowing for the loan process to be expedited.
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VA Loan Eligibility
VA Loan Debt-to-Income (DTI) Ratio Requirements
See how your debt-to-income (DTI) ratio and credit score affect your VA loan eligibility.
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Homebuyer Prep
Everything You Should Know About VA Appraisals
An essential part of buying a home is a VA appraisal and home inspection to make sure it's fit and livable for you and your family.
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VA Loan Eligibility
Applying for a VA Loan with a Co-Borrower
See the benefits and requirements of using a VA loan with a co-borrower in what's often called a joint VA loan.
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VA Loan Eligibility
VA Home Loan Eligibility Requirements
By having a solid understanding of your VA loan eligibility, you are able to find the loan that benefits you the best.
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VA Loan Basics
BAH and VA Loans
Basic Allowance for Housing, or BAH, is a tool that can help VA lenders gauge what kind of mortgage payment an eligible veteran can handle.
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VA Loan Basics
Children and VA Loans: Breaking Down the VA Child Care Letter
Throughout the VA home loan process lenders will want to look at all of your expenses. This includes childcare in which you may be asked to produce a VA Childcare Statement.
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Homebuyer Prep
VA Loans and Homeowners Insurance
Having home owners insurance when purchasing a home with a VA loan can be important when dealing with possible property risks.
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VA Loan Basics
VA Loans and Multi-Family Homes
Learn about how a homebuyer can use a VA Loan to purchase a multi-family home and the requirements needed to do so.
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Homebuyer Prep
VA Loans and Natural Disasters
Unfortunately, disasters happen. When they do, you need to take special care to ensure you will be able to continue your day-to-day life without greatly disrupting your financial situation.
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VA Loan Eligibility
VA Loans with Bad Credit
While your credit score is an extremely important figure factored into your VA loan approval process, there are certain steps you can take to secure a VA loan with a lower-than-desired credit score.
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VA Loan Process
VA Loan Purchase Agreement
The VA offers veterans many benefits that help them throughout their lifetime. One of those valuable benefits is the VA Home Loan Guarantee Program.
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Homebuyer Prep
Radon Testing and VA Loans
See common questions and answers about Radon testing in homes that have been financed with a VA Mortgage.
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VA Loan Basics
VA Loans for Investment Property
VA loans are intended to be the buyers' primary residence. However, under certain circumstances, you may be able to use a VA loan for rental property.
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VA Loan Process
Information on Modifying a VA Loan
The VA offers Veterans who have used the VA Home Loan Guarantee Program and subsequently fallen on hard times, the opportunity to have loan modifications.
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VA Loan Basics
Earnest Money Deposits and VA Loans
Learn the guidelines for earnest money deposits and VA loans to ensure you are making the right decisions.
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VA Loan Basics
VA Energy Efficient Mortgage
Learn about the VA Energy Efficient Mortgage and how you can finance energy-efficient home improvements into your VA Home Loan.
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VA Loan Basics
VA Cash-Out Refinance
Learn how you can convert your conventional mortgage option to a VA Loan with a Cash-Out Refinance.
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VA Loan Eligibility
Specially Adapted Housing Grants for Veterans
Learn about the Specially Adapted Housing grant from the Department of Veterans Affairs (VA) for disabled veterans.
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VA Loan Eligibility
VA Loans Options with a Prior Bankruptcy
Learn how a Chapter 7 or Chapter 13 bankruptcy can affect you ability to get a VA home loan, or how low late payments affect your loan and the possibility of foreclosure if your mortgage goes unpaid.
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VA Loan Basics
VA Loans vs Other Mortgages
Understand the advantages of the VA loan compared to other popular loan options.
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VA Loan Basics
VA Loan Occupancy Requirements
Learn about the approved uses for VA Home Loans.
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VA Loan Eligibility
VA Loan Entitlement and Partial Eligibility
Learn how the VA calculates your remaining VA Loan Entitlement and how it impacts your VA loan benefit.
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VA Loan Eligibility
Latest VA Funding Fee Rates and Exemptions
The VA funding fee is something every veteran has to pay unless you meet one of the exemption requirements.
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VA Loan Basics
VA Construction Loans: Building a Home with a VA Loan
VA construction loans provide the perfect opportunity to build your dream home.
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VA Loan Process
Buying a Condo with a VA Loan
Purchasing a condo has some serious perks, but there are certain requirements properties must meet to ensure that a VA loan can be used to help purchase a condo.
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VA Loan Basics
VA Interest Rate Reduction Refinance Loan
The VA Interest Rate Reduction Refinance Loan (IRRRL), also known as the VA Streamline Refinance, is one of the best options for existing VA loan holders who want to take advantage of lower interest rates or refinance into a fixed-rate mortgage.
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VA Loan Basics
Closing Costs for VA Home Loans
Having a solid understanding of the total amount of VA loan closing costs and non-loan related costs is an important figure to consider when buying a home.
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VA Loan Eligibility
Getting a Second VA Loan
Many individuals wonder how many times they can use a VA home loan. The VA home loan benefit is a lifetime benefit for Veterans, meaning they can use it more than once.
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VA Loan Basics
VA Loan Refinance Options
Refinancing your VA home loan can be a powerful financial decision. Make sure you are aware of the different refinancing options, and what implications it has on your current mortgage.
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VA Loan Basics
VA Loan Rates
Understand how your rate is calculated and the factors that go into determining the VA Loan rate you receive, along with the advantages of VA loan rates.
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VA Loan Eligibility
VA Certificate of Eligibility
Obtaining your Certificate of Eligibility (COE) is an important part of verifying your VA loan eligibility.
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VA Loan Basics
VA Loan Benefits
VA home loan benefits offer unique advantages that are unlike other mortgage products on the market.
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VA Loan Basics
How VA Loans Work
Knowing how VA loans work can help you through the homebuying journey.
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Homebuyer Prep
What First-Time Homebuyers Need to Know About VA Loans
VA first-time homebuyers must understand the process, benefits, and eligibility requirements of the VA mortgage before determining if it's right for them.
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VA Loan Eligibility
How Divorce Affects Your VA Loan
We'll look at two common scenarios below: what happens to a current VA loan after divorce and getting a new VA loan after divorce.
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VA Loan Basics
VA Loan Assumption: Should You Sell or Assume?
Both a traditional home sale and VA loan assumption have their advantages and disadvantages. Here we take a look at when each option may work best.
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VA Loan Process
Getting Pre-Approved for a VA Home Loan
A step-by-step guide for how to get prequalified for a VA home loan.
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VA Loan Eligibility
VA Loan Eligibility for Surviving Spouses
It's absolutely possible for surviving military spouses to meet the eligibility requirements needed for a VA loan. We'll look at this process below in more detail.
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